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Subsequent Events
3 Months Ended
Nov. 30, 2012
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

Note 7. Subsequent Events

 

On January 10, 2013, the Company entered into an agreement to sell the Deland Property for $1,100,000.  The Company will receive $750,000 in cash and will carry a 2 year note at 7% interest payable in 24 installments on the remaining $350,000.  We anticipate that this transaction will close on or before January 25, 2013.  As such, the associated land, building and improvements were reclassified as assets held for sale on the accompanying consolidated balance sheets of November 30, 2012 and August 31, 2012.  The Company did not carry any debt related to this property at either November 30, 2012 or August 31, 2012.