Related Party Transactions

12 Months Ended

Aug. 31, 2015

Note 10. Related Party Transactions

The Company leases three buildings under operating lease agreements from its CEO and majority stockholder. During the years ended August 31, 2015 and 2014, the Company incurred approximately $635,000 and $625,000, respectively, of rent 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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