Related Party Transactions

9 Months Ended

May 31, 2014

Note 5. Related Party Transactions

The Company leases three buildings under operating lease agreements from its majority stockholder. During the three months ended May 31, 2014 and 2013, the Company incurred approximately $156,000 and $128,000, respectively, of expense related to these leases.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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