Property, Plant, and Equipment

3 Months Ended

May 31, 2012

Property, Plant, and Equipment

Property, Plant and Equipment Disclosure [Text Block]

4.             PROPERTY, PLANT AND EQUIPMENT

A summary of property, plant, and equipment is as follows:

	May 31, 2012	August 31, 2011
Office equipment	$     613,711	$      612,709
Warehouse equipment	1,171,206	1,136,002
Buildings	2,339,815	2,339,815
Land	615,213	615,213
	4,739,945	4,703,739
Accumulated depreciation	(2,981,361)	(2,853,702)
Net book value	$  1,758,584	$   1,850,037

In the event that facts and circumstances indicate that the carrying amount of an asset may not be recoverable and an estimate of future discounted cash flows is less than the carrying amount of the asset, an impairment loss will be recognized. Management's estimates of revenues, operating expenses, and operating capital are subject to certain risks and uncertainties which may affect the recoverability of the Company's investments in its assets. Although management has made its best estimate of these factors based on current conditions, it is possible that changes could occur which could adversely affect management's estimate of the net cash flow expected to be generated from its operations.