Contingencies

3 Months Ended

Nov. 30, 2011

Loss Contingency [Abstract]

Contingencies Disclosure [Text Block]

Note 7.    Contingencies

In September 2010, we received a notice from the Internal Revenue Service (“IRS”), assessing a civil penalty against the Company in the amount of $775,161 as a result of the IRS’ claim that it did not receive W-2 forms for EACO’s employees for the 2005 calendar year.  We engaged in discussions with the IRS regarding this assessment and submitted copies of EACO’s 2005 W-2 forms in October 2010.  On March 21, 2011, we received a notice from the IRS indicating that it had not abated the penalty based on the W-2 forms we provided.  The notice provided for an appeals process permitting us to submit additional information for purposes of appealing the penalty.  The Company filed an appeal on May 19, 2011.  In September 2011, the Company received notification by the IRS that its appeal was successful and the penalty has been abated in full.