Annual report pursuant to Section 13 and 15(d)

LONG-TERM OBLIGATIONS AND OPERATING LEASE (Tables)

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LONG-TERM OBLIGATIONS AND OPERATING LEASE (Tables)
 12 Months Ended
Aug. 31, 2014
Long-Term Obligations And Operating Lease Tables  
Schedule of remaining third party obligation

 

Mortgage notes payable, primarily bear interest at 5%, 5 year term; one note in amount of $1.75 million has 20 year term     4,958,200  
Less: current portion     (926,000 )
Total long-term mortgage payable   $ 4,032,200  
         
Future Maturities        
2015     926,000  
2016     892,100  
2017     937,600  
2018     615,000  
2019     123,500  
Post 2019     1,464,000  
Total   $ 4,958,200