At February 29, 2016, the Company had accrued liabilities of $61,900, of which $1,400 was for estimated property taxes, $34,800 was for professional fees, and $25,700 was for operating payables.

At August 31, 2015, the Company had accrued liabilities of $499,800, of which $400,000 was for accrued compensation, $4,800 was for estimated property taxes, $52,500 was for professional fees and the remaining $42,500 was related to operating payables.