Quarterly report pursuant to Section 13 or 15(d)

Long-Term Obligations and Operating Lease (Details Narrative)

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Long-Term Obligations and Operating Lease (Details Narrative) (USD $)
 9 Months Ended
May 31, 2013
sqft
acre
Aug. 31, 2012
Dec. 31, 1996
Recorded Portion Of Contingent Obligation $ 1,192,393 $ 1,208,928 $ 11,100,000
Contractual Obligation     31,800,000
Percentage of original total liability 35.00%    
Percentage remitted to CAA Holders 35.00%    
Percentage allocated to contingent obligation 65.00%    
Long-term Debt 3,400,000    
Payments of Debt Issuance Costs 34,522    
Liabilities, Other than Long-term Debt, Noncurrent 70,685,795 68,269,176  
Reduction In Taps Percentage 50.00%    
Percentage of Net Revenues 26.90%    
Tap Participation Fee, Interest 25,100,000    
Estimated proceeds from sale of water taps 120,600,000    
Increase in estimated proceeds from sale of water taps 7,500,000    
Implied interest rate 5.30%    
Increase in implied interest rate 1.00%    
Number of properties subject to outstanding promissory notes 60    
Number of properties 80    
Number of Acres (in Acres) 14,000    
Number of FLCC Shares 16,882    
Number Of Shares 1,500,000    
Share Price (in Dollars per share) $ 2.35    
Proceeds from Issuance of Common Stock 3,420,000    
Sale of Stock, Expense 110,000    
Increase (Decrease) in Notes Payable, Current 6,900,000    
Notes Payable 6,600,000 9,600,000  
Operating Leases, Rent Expense 1,540    
Notes payable being negotiated for purchase 2,700,000    
Office space 1,200    
Maximum
      
Water Taps 40,000    
Tap Participation Fee Percentage 20.00%    
Minimum
      
Water Taps 19,427    
Tap Participation Fee Percentage 10.00%    
Not Recorded On Balance Sheets
      
Contingent Liability     20,700,000
First Priority Payout
      
Deferred Revenue 5,100,000    
Remaining First Priortiy Payout
      
Deferred Revenue $ 7,300,000