Discontinued Operations

9 Months Ended

May 31, 2014

Discontinued Operations And Disposal Groups [Abstract]

Disposal Groups Including Discontinued Operations Disclosure [Text Block]

Discontinued Operations

The Company classifies assets to be disposed of as held for sale or, if appropriate, discontinued operations when appropriate approvals for the disposal are made by management or the Board of Directors. Cash flows from discontinued businesses are reflected as discontinued operating, investing, and financing activities in our statement of cash flows.

The Company closed the Garland facility on September 30, 2011, and sold it in July 2013. The Company took an impairment charge of approximately $1.1 million during the three months ended August 31, 2012, based on the sales price negotiated at that time. An additional loss of $122,975 was taken based on the final sales price during the three months ended August 31, 2013.

The following is a summary of financial information related to our discontinued operations at the Garland facility for the three and nine months ended May 31, 2013:

	Three months ended May 31, 2013		Nine months ended May 31, 2013
Net patient service revenue	$	84,528	$	486,686
Total costs and expenses		73,200		125,715
Operating income		11,328		360,971
Other income (expense), net		(3,066)		17,377
Income before income taxes		8,262		378,348
Provision for income taxes		—		—
Total income on discontinued operations, net of taxes	$	8,262	$	378,348