Quarterly report pursuant to Section 13 or 15(d)

ACCRUED LIABILITIES

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ACCRUED LIABILITIES
3 Months Ended
Nov. 30, 2013
Accrued Liabilities  
ACCRUED LIABILITIES

NOTE 8 – ACCRUED LIABILITIES

  

At November 30, 2013, the Company had accrued liabilities of $250,900, of which $191,200 was for estimated property taxes, $30,100 was for professional fees, $6,900 was for farm lease prepayments, and $22,700 related to operating payables.

 

At August 31, 2013, the Company had accrued liabilities of $264,700, of which $156,100 was for estimated property taxes, $56,700 was for professional fees, $30,300 was for farm lease prepayments, and the remaining $21,600 related to operating payables.