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Note 8 - Accrued Liabilities
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9 Months Ended |
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May 31, 2012
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| Accounts Payable and Accrued Liabilities Disclosure [Text Block] |
NOTE
8 – ACCRUED LIABILITIES
At
May 31, 2012, the Company had accrued liabilities of
$169,100, of which $82,600 was for estimated property taxes,
$79,900 was for professional fees and $6,600 related to
operating payables.
At
August 31, 2011, the Company had accrued liabilities of
$118,600, of which $62,400 was for estimated property taxes
on the Sky Ranch property, $49,500 was for professional fees,
and the remaining $6,700 related to operating
payables.
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