FAIR VALUE MEASUREMENTS (Details) (USD $)	Aug. 31, 2014	Aug. 31, 2013
Tap Participation Fee liability	$ 7,935,262	$ 59,807,289
Total Unrealized Gain
Tap Participation Fee liability
Cost/Other Value
Tap Participation Fee liability	7,935,300
Fair Value
Tap Participation Fee liability	7,935,300
Quoted Prices in Active Markets for Identical Assets (Level 1)
Tap Participation Fee liability
Significant Other Observable Inputs (Level 2)
Tap Participation Fee liability
Significant Unobservable Inputs (Level 3)
Tap Participation Fee liability	$ 7,935,300