Annual report pursuant to Section 13 and 15(d)

Note 3 - Fair Value Measurements (Tables)

v2.4.0.6
Note 3 - Fair Value Measurements (Tables)
 12 Months Ended
Aug. 31, 2012
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
               
Fair Value Measurement Using:
 
   
Fair Value
   
Cost / Other Value
   
Quoted Prices in Active Markets for Identical Assets
(Level 1)
   
Significant Other Observable Inputs
(Level 2)
   
Significant Unobservable Inputs
(Level 3)
   
Total Unrealized Gains and
(Losses)
 
Marketable securities
  $ 1,101,367     $ 1,101,367     $ -     $ 1,101,367     $ -     $ (1,081 )
Tap Participation Fee
  $ 68,269,176     $ 68,269,176     $ -     $ -     $ 68,269,176     $ -  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
   
Fair Value Measurement using Significant Unobservable Inputs (Level 3)
 
   
Gross Estimated Tap Participation Fee Liability
   
Tap Participation Fee Reported Liability
   
Discount - to be imputed as interest expense in future periods
 
Balance at August 31, 2011
  $ 113,147,700     $ 64,988,300     $ 48,159,400  
Total gains and losses (realized and unrealized):
                       
Imputed interest recorded as "Other Expense"
    -       3,470,500       (3,470,500 )
Purchases, sales, issuances, payments, and settlements
    (189,700 )     (189,700 )     -  
Transfers in and/or out of Level 3
    -       -       -  
Balance at August 31, 2012
  $ 112,958,000     $ 68,269,100     $ 44,688,900