Annual report pursuant to Section 13 and 15(d)

LONG-TERM DEBT AND OPERATING LEASE (Tables)

v2.4.0.8
LONG-TERM DEBT AND OPERATING LEASE (Tables)
 12 Months Ended
Aug. 31, 2013
Long-Term Debt And Operating Lease Tables  
Schedule of future maturities of debt
Future Maturities
 
Mortgage notes held and defaulted on by HP A&M
   $ 2,526,900  
         
Mortgage notes, interest at 5%, due various dates in 2017
     5,231,100  
Total
     7,758,000  
Less: current portion
     (4,546,900 )
Total long-term mortgage payable
   $ 3,211,100  
         
2014
   $ 4,546,900  
Future Maturities (including $2,526,900 of HP A&M defaulted notes to third parties)
        
2015
     844,500  
2016
     887,300  
2017
     932,200  
2018
     534,500  
2019
     12,600  
Total
   $ 7,758,000