SUBSEQUENT EVENTS	3 Months Ended
Nov. 30, 2019
SUBSEQUENT EVENTS [Abstract]
SUBSEQUENT EVENTS	NOTE 11 – SUBSEQUENT EVENTS The Company has evaluated all events subsequent to the balance sheet date of November 30, 2019 through the date of issuance of these consolidated financial statements and has determined that, except as set forth below, there are no subsequent events that require disclosure. Financing Transactions On December 3, 2019, the Company’s Colombia subsidiary refinanced its existing balloon payment on the original $15.0 million U.S. dollar denominated contractual debt. Upon refinance, the Colombia subsidiary entered into a five year cross currency interest rate swap. The swap contract states that the Company will receive interest based on the three-month LIBOR rate plus 2.45% on a quarterly amortizing initial notional value of $7.9 million and pay fixed interest of approximately 7.9% on a quarterly amortizing initial notional value of $7.9 million. On December 6, 2019, the Company's Guatemala subsidiary entered into a long-term loan agreement for 160.0 million Guatemalan quetzales, or approximately $20.0 million in U.S. dollars, which is to be repaid in ten years with monthly interest and principal payments beginning in the second year of the loan. The interest rate is fixed at 7.0% for the first five year period and the loan was funded on December 10, 2019.

SUBSEQUENT EVENTS

3 Months Ended

Nov. 30, 2019

NOTE 11 – SUBSEQUENT EVENTS

The Company has evaluated all events subsequent to the balance sheet date of November 30, 2019 through the date of issuance of these consolidated financial statements and has determined that, except as set forth below, there are no subsequent events that require disclosure.

Financing Transactions

On December 3, 2019, the Company’s Colombia subsidiary refinanced its existing balloon payment on the original $15.0 million U.S. dollar denominated contractual debt. Upon refinance, the Colombia subsidiary entered into a five year cross currency interest rate swap. The swap contract states that the Company will receive interest based on the three-month LIBOR rate plus 2.45% on a quarterly amortizing initial notional value of $7.9 million and pay fixed interest of approximately 7.9% on a quarterly amortizing initial notional value of $7.9 million.

On December 6, 2019, the Company's Guatemala subsidiary entered into a long-term loan agreement for 160.0 million Guatemalan quetzales, or approximately $20.0 million in U.S. dollars, which is to be repaid in ten years with monthly interest and principal payments beginning in the second year of the loan. The interest rate is fixed at 7.0% for the first five year period and the loan was funded on December 10, 2019.