Annual report pursuant to Section 13 and 15(d)

ACCRUED LIABILITIES

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ACCRUED LIABILITIES
12 Months Ended
Aug. 31, 2017
Accrued Liabilities  
ACCRUED LIABILITIES

At August 31, 2017, the Company had accrued liabilities of $381,000, of which $265,000 was for accrued compensation, $27,000 was for estimated property taxes, $48,500 was for professional fees and the remaining $40,500 was related to operating payables.

 

At August 31, 2016, the Company had accrued liabilities of $242,600, of which $160,000 was for accrued compensation, $5,700 was for estimated property taxes, $48,000 was for professional fees and the remaining $28,900 was related to operating payables.