Income Taxes (Tables)

12 Months Ended

Aug. 31, 2013

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision (benefit) for income taxes consisted of the following:

	Year Ended August 31,
	2013		2012
Current tax (benefit) expense:
Federal	$	–	$	–
State		–		–
Total current		–		–
Deferred tax (benefit) expense:
Federal		–		4,018,699
State		–		–
Total deferred		–		4,018,699
Total income tax expense	$	–	$	4,018,699

Schedule Of Component Of Provision Benefit For Deferred Income Taxes [Table Text Block]

The components of the provision (benefit) for deferred income taxes at August 31 were as follows:

	2013		2012
Applicable to:
Net operating loss carryforward	$	(1,611,973)	$	(4,941,754)
Differences between revenues and expenses recognized for federal income tax and financial reporting purposes		246,396		2,172,058
Difference in method of computing depreciation for tax and financial reporting purposes		26,981		49,061
Changes in valuation allowance		1,338,596		6,739,334

Deferred income tax expense	$	–	$	4,018,699

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of the Company's deferred tax liabilities and assets were as follows at August 31, 2013:

	Current		Noncurrent
Deferred tax liabilities:
Depreciation	$	–	$	(207,396)
Deferred tax assets:
Net operating loss carryforward		–		9,439,548
Revenue and expense differences		13,157		3,580,862
Allowance for uncollectible accounts		513,456		–
Other		(166,758)		(29,869)
Valuation allowance		(359,855)		(12,783,145)
Net deferred tax asset (liability)	$	–	$	–

Significant components of the Company's deferred tax liabilities and assets were as follows at August 31, 2012:

	Current		Noncurrent
Deferred tax liabilities:
Depreciation	$	–	$	(180,415)
Deferred tax assets:
Net operating loss carryforward		–		7,827,575
Revenue and expense differences		54,664		3,342,010
Allowance for uncollectible accounts		513,456		–
Asset impairment		370,320		–
Other		(166,758)		43,551
Valuation allowance		(771,682)		(11,032,721)
Net deferred tax asset (liability)	$	–	$	–

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of the benefit for income taxes with amounts determined by applying the statutory federal income tax rate to income before income taxes and noncontrolling interests is as follows:

	Year Ended August 31,
	2013		2012
Benefit for income taxes computed using the statutory rate of 35%	$	(1,210,767)	$	(2,294,590)
Noncontrolling interest in loss of consolidated subsidiaries		993		16,575
Non-deductible expenses		(128,822)		(442,620)
Changes in valuation allowance		1,338,596		6,739,334
Expense for income taxes	$	—	$	4,018,699