6. Goodwill Impairment

12 Months Ended

Aug. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

6. Goodwill Impairment

As of August 31, 2015 the Company had an intangible asset of $2,477,267 in goodwill related to the acquisitions of Protection Cost, Inc and Apollo Media Network, Inc. These balance were evaluated at year-end to determine if an impairment was necessary and due to the limited cash flow generated by these business entities management determined that this balance should be fully impaired resulting in a one-time impairment expense of $2,241,462 recorded in the current fiscal year. The Company followed the guidance of FASB ASC 852-20 Quasi-reorganization in accounting for this transaction.