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RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)
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12 Months Ended | |||
|---|---|---|---|---|
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Aug. 31, 2013
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Aug. 31, 2012
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Aug. 31, 2011
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Aug. 31, 1995
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| Effective interest rate | 6.00% | |||
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The District
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| Funding provided to the District | $ 139,500 | $ 115,500 | $ 25,000 | |
| Loans receivable from related party | 556,000 | 543,900 | 250,000 | |
| Variable rate basis | Prevailing Prime Rate | |||
| Spread on Variable Basis | 2.00% | |||
| Effective interest rate | 5.25% | |||
| Due from Related Parties, Principal | 229,300 | 229,300 | ||
| Due from Related Parties, Interest | $ 326,700 | $ 314,600 | ||
| X | ||||||||||
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- Definition
The interest portion of outstanding notes receivable from related parties. No definition available.
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| X | ||||||||||
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- Definition
The principal portion of outstanding notes receivable from related parties. No definition available.
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| X | ||||||||||
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- Definition
The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. No definition available.
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| X | ||||||||||
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- Definition
Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The average percentage points added to the reference rate to compute the variable rate on the group of interest rate derivatives. No definition available.
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| X | ||||||||||
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- Definition
For an unclassified balance sheet, reflects the carrying amount of unpaid loan amounts due from related parties at the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of transactions with related party during the financial reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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