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LONG-TERM DEBT AND OPERATING LEASE (Details Narrative) (USD $)
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12 Months Ended | ||
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Aug. 31, 2014
Taps
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Aug. 31, 2013
Taps
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Aug. 31, 2012
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| Long-Term Debt And Operating Lease Details Narrative | |||
| Tap Participation Fee payable to HP A&M, net of $42.9 million and $48.2 million discount, respectively | $ 7,935,262 | $ 59,807,289 | |
| Tap Participation Fee Percentage | 20.00% | ||
| Water Taps under Tap Participation Fee | 2,184 | ||
| Reduction in Taps as result of foreclosure | 15,059 | 2,184 | |
| Imputed Interest on TPF | 27,500,000 | ||
| Notes Payable outstanding | 4,500,000 | 7,900,000 | 9,600,000 |
| Purchase of notes payable | 9,400,000 | 9,600,000 | |
| Accrued interest | $ 80,800 | $ 122,000 | |
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- Details
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- Definition
The cash outflow to acquire an agreement for an unconditional promise by the entity to pay the holder a definite sum of money at a future date. Such amount may include accrued interest payable in accordance with the terms of the note. The note also may contain provisions including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among myriad other features and characteristics. No definition available.
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- Definition
The reduction in taps as a result of foreclosures. No definition available.
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- Definition
Imputed interest on the Tap Participation Fee. Imputed Interest has been considered to be paid, but where no interest payment has been made. No definition available.
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- Definition
The percentage tap participation fee due to HP A&M. No definition available.
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- Definition
The number of water taps for which the company must pay a Tap Participation Fee, per the Arkansas River Agreement. No definition available.
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- Definition
Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregated carrying amounts of obligations as of the balance sheet date, excluding long-term debt, incurred as part of the normal operations that are expected to be paid after one year or beyond the normal operating cycle, if longer. Alternate captions include Total Deferred Credits and Other Liabilities. No definition available.
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- Definition
Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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