XML 85 R10.htm IDEA: XBRL DOCUMENT

4. Property, Plant and Equipment

3 Months Ended

Nov. 30, 2014

4. PROPERTY, PLANT AND EQUIPMENT

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

	November 30, 2014	August 31, 2014

Office equipment	$ 563,703	$ 562,423
Warehouse equipment	1,482,278	1,482,278
Buildings	2,688,616	2,688,616
Land	761,924	761,924
	5,496,521	5,495,241

Accumulated depreciation	(3,398,761)	(3,347,854)

Net book value	$ 2,097,760	$ 2,147,387

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.

- 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.

+ References+ Details