Annual report pursuant to Section 13 and 15(d)

WATER AND LAND ASSETS (Detail Narrative)

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WATER AND LAND ASSETS (Detail Narrative) (USD $)
12 Months Ended
Aug. 31, 2014
acre
N
Aug. 31, 2013
Aug. 31, 2012
Depletion $ 4,400 $ 500 $ 500
Depreciation 192,200 310,800 308,700
Acres of land sold 1,886    
Number of FLCC shares sold 2,982    
Impairment gain 1,300,000   5,500,000
Costs of assets acquired 1,440,000    
Farm Leases
     
Lease income 1,068,000 1,241,900 71,100
Sky Ranch
     
Establishment and operating costs $ 50,900