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6. Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)
12 Months Ended
Aug. 31, 2016
Tables/Schedules  
Schedule of Deferred Tax Assets and Liabilities

 

 

2016

 

2015

 

 

 

 

 

 

 

 

Deferred tax assets:

 

 

 

  Allowance for inventory

$  78,237

 

$  66,745

  Allowance for bad debts

-

 

-

  Difference between book and tax depreciation

28,469

 

37,014

 

 

 

 

Total deferred tax assets

106,706

 

103,759

Valuation allowance

-

 

-

 

 

 

 

Net deferred tax assets

$  106,706

 

$  103,759

 

 

 

 

Net deferred tax liability

(138,059)

 

(138,059)

 

 

 

 

Combined net deferred tax asset (liability)

$  (31,353)

 

$   (34,300)