12. SUBSEQUENT EVENTS (Tables)

12 Months Ended

Aug. 31, 2014

Subsequent Events [Abstract]

Allocation of purchase price

Assets acquired, including accounts receivable of $934,000 and estimated Contracts receivable of $530,000	$	1,719,579
Fixed assets acquired		480,000
Estimated value of software acquired		200,000
Estimated value of Intangibles acquired (Customer Lists, trade name etc.)		1,600,000
Estimated amount due to sellers - Working Capital Adjustment		(307,086	)
Current Liabilities assumed		(644,499	)
Goodwill		4,209,571
Total Consideration	$	7,257,565