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Long-Term Debt (Tables)
12 Months Ended
Aug. 31, 2015
Long-term Debt, Unclassified [Abstract]  
Schedule of Debt [Table Text Block]
Long-term debt is summarized as follows:
 
 
 
August 31,
 
August 31,
 
 
 
2015
 
2014
 
Line of credit from Community Bank
 
 
-
 
 
1,684,000
 
Note payable to BMW Bank of North America, secured by automobile, monthly principal and interest payments totaling $901, interest at 0.9%, due June 2018
 
 
33,000
 
 
44,000
 
 
 
$
33,000
 
$
1,728,000
 
Schedule of Maturities of Long-term Debt [Table Text Block]
The scheduled payments for the above loans are as follows:
 
Years Ending August 31,
 
 
 
 
2016
 
 
11,000
 
2017
 
 
11,000
 
2018
 
 
11,000
 
 
 
$
33,000