Annual report pursuant to Section 13 and 15(d)

Note 7 - Long-Term Debt and Operating Lease (Tables)

v2.4.0.6
Note 7 - Long-Term Debt and Operating Lease (Tables)
 12 Months Ended
Aug. 31, 2012
Schedule of Debt [Table Text Block]
Mortgage notes held and defaulted on by HP A&M
  $ 5,093,400  
         
Mortgage notes, interest at 5%, due various dates in 2017
    4,456,900  
Total
    9,550,300  
Less: current portion
    (5,340,900 )
Total long-term mortgage payable
  $ 4,209,400  
         
Future Maturities
       
2013
  $ 5,340,900  
2014
    1,064,500  
2015
    1,064,500  
2016
    1,064,500  
2017
    1,015,900  
Total
  $ 9,550,300