Property and Equipment

12 Months Ended

Aug. 31, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

2. Property and Equipment

At August 31, property and equipment consisted of the following:

	2013		2012
Land	$	497,110	$	497,110
Buildings and improvements		8,989,115		8,989,115
Equipment, furniture and fixtures (including equipment under capital lease of $585,450 and $470,091)		8,528,872		10,058,232
		18,015,097		19,544,457
Less accumulated depreciation and amortization (including amortization for equipment under capital lease of $449,860 and $340,461)		(11,691,440)		(12,888,637)
Net property and equipment	$	6,323,657	$	6,655,820

For the fiscal years ended August 31, 2013 and 2012, depreciation and amortization expense was $463,552 and $550,643, respectively.

- 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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