Note 2: Detail of Certain Balance Sheet Accounts

12 Months Ended

Aug. 31, 2014

Notes

Note 2: Detail of Certain Balance Sheet Accounts

Note 2:  Detail of Certain Balance Sheet Accounts

Details of certain balance sheet accounts are as follows:

	August 31,
	2014			2013
Accounts receivable:
Trade receivables – non-related party	$	364,170		$	890,985
Other receivables		22,717			28,984
Allowance for doubtful accounts		(20,000	)		(20,000	)
	$	366,887		$	899,969

Inventories:	2014		2013
Parts and supplies	$	1,369,960	$	1,353,614
Work-in-process		880,751		990,668
Finished goods		228,478		201,488
Reserve for obsolete inventories		(150,000)		(100,000)
	$	2,329,189	$	2,445,770

Accrued liabilities:	2014		2013
Warranty reserve	$	75,728	$	50,968
Training and installation reserve		4,716		5,528
Accrued taxes payable		59,745		44,677
Payroll, commissions and other		726,339		472,707
	$	866,528	$	573,880