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Property and Equipment

12 Months Ended

Aug. 31, 2014

Property, Plant and Equipment [Abstract]

NOTE 7 - PROPERTY AND EQUIPMENT

Property and equipment is composed of the following at August 31, 2014 and 2013:

	August 31,			August 31,
	2014			2013
Furniture	$	12,688		$	10,388
Office Equipment		12,962			10,800
Computers		22,321			19,905
Software		3,497			3,497
Leasehold improvements		—			29,000
Equipment		16,763			16,763

Total property and equipment at cost		68,231			90,353

Less: accumulated depreciation and amortization		(28,264	)		(11,820	)

	$	39,967		$	78,533

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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