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PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Aug. 31, 2013

Property, Plant and Equipment [Abstract]

NOTE 3 - PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment as of August 31, 2013 and 2012 are comprised of the following:

	August 31, 2013			August 31, 2012
Office furniture and fixtures	$	1,667		$	1,667
Equipment		149,214			149,214
Leasehold improvements		19,640			19,640
Construction in process		595,846			595,846
		766,367			766,367
Less impairment loss		(766,367	)		-
Total property and equipment	$	-		$	766,367

Since its inception, the Company was in the assembly and testing mode and not in operations. Therefore no depreciation was recorded on the above indicated assets. As indicated in Note 1, the Company recognized an impairment loss for the year ended August 31, 2013 of $766,367.

During the period from November 9, 2010 (date of inception) through May 31, 2013, the Company received property and equipment from three investors at a fair value of $560,000. The transaction was recorded as a capital contribution.

- 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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