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6. Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)
12 Months Ended
Aug. 31, 2014
Tables/Schedules  
Schedule of Deferred Tax Assets and Liabilities

 

 

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

Deferred tax assets:

 

 

 

 

  Allowance for inventory

$    58,576

 

$     82,087

 

  Allowance for bad debts

0

 

0

 

  Difference between book and tax depreciation

18,511

 

5,579

 

 

 

 

 

 

Total deferred tax assets

77,087

 

87,666

 

Valuation allowance

0

 

0

 

 

 

 

 

 

Net deferred tax assets

$    77,087

 

$     87,666

 

 

 

 

 

 

Net deferred tax liability

(138,059)

 

(138,059)

 

 

 

 

 

 

Combined net deferred tax asset (liability)

(60,972)

 

$   (50,393)