1. PRESENTATION OF INTERIM INFORMATION (Details) - USD ($) |
3 Months Ended | 9 Months Ended | ||
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May 31, 2016 |
May 31, 2015 |
May 31, 2016 |
May 31, 2015 |
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Presentation Of Interim Information Details | ||||
Farm revenues | $ 0 | $ 270,582 | $ 275,991 | $ 818,925 |
Farm expenses | (22,674) | (23,131) | (56,042) | (70,001) |
Gross Profit | (22,674) | 247,451 | 219,949 | 748,924 |
General and administrative expenses | 48,346 | 140,366 | 287,787 | 617,914 |
Operating (loss) profit | (71,020) | 107,085 | (67,838) | 131,010 |
Finance charges | 9,757 | 7,909 | 42,054 | 17,622 |
Gain on sale of farm assets | 0 | 0 | 4,273 | 0 |
Interest expense | 0 | (78,779) | 0 | (221,915) |
Interest imputed on the Tap Participation Fee payable to HP A&M | 0 | 0 | 0 | (23,816) |
Income (loss) from discontinued operations | $ (61,263) | $ 36,215 | $ (21,511) | $ (97,099) |
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- Definition Amount before tax of income (loss) from a discontinued operation. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of general and administrative expense attributable to disposal group, including, but not limited to, discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of gross profit attributable to disposal group, including, but not limited to, discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of operating income (loss) attributable to disposal group, including, but not limited to, discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of gain (loss) on sale or disposal of other assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Interest expense on all other items not previously classified. For example, includes dividends associated with redeemable preferred stock of a subsidiary that is treated as a liability in the parent's consolidated balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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