At November 30, 2015, the Company had accrued liabilities of $194,200, of which $131,400 was for estimated property taxes, $18,100 was for professional fees, and $44,700 was for operating payables.

At August 31, 2015, the Company had accrued liabilities of $590,500, of which $400,000 was for accrued compensation, $95,500 was for estimated property taxes, $52,500 was for professional fees and the remaining $42,500 was related to operating payables.