|
RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)
|
3 Months Ended | 9 Months Ended | |||
|---|---|---|---|---|---|
|
May 31, 2014
|
May 31, 2013
|
May 31, 2014
|
May 31, 2013
|
Aug. 31, 2013
|
|
| Related Party Transactions Details Narrative | |||||
| Funding provided to the Rangeview District | $ 50,000 | $ 50,000 | $ 130,000 | $ 89,500 | |
| Due from related parties | 250,000 | 250,000 | |||
| Debt variable rate basis | Prevailing Prime Rate | ||||
| Spread on variable rate | 2.00% | ||||
| Interest rate on due from related parties | 5.25% | ||||
| Note receivable from related parties | 564,988 | 564,988 | 555,983 | ||
| Due from related parties, principal | 229,300 | 229,300 | |||
| Due from related parties, interest | $ 335,700 | $ 335,700 | |||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The interest portion of outstanding notes receivable from related parties. No definition available.
|
| X | ||||||||||
|
- Definition
The principal portion of outstanding notes receivable from related parties. No definition available.
|
| X | ||||||||||
|
- Definition
Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
| X | ||||||||||
|
- Definition
The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. No definition available.
|
| X | ||||||||||
|
- Definition
For an unclassified balance sheet, amounts due from related parties including affiliates, employees, joint ventures, officers and stockholders, immediate families thereof, and pension funds. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amounts due from parties associated with the reporting entity as evidenced by a written promise to pay, due after 1 year (or 1 business cycle). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of transactions with related party during the financial reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Identify the stated interest rate per the agreement, for example, leasing and debt arrangements between related parties. No definition available.
|