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Long-Term Debt (Tables)
12 Months Ended
Aug. 31, 2014
Long-term Debt, Unclassified [Abstract]  
Schedule of Debt [Table Text Block]
Long-term debt is summarized as follows:
 
 
 
August 31,
 
August 31,
 
 
 
2014
 
2013
 
Line of credit to Community Bank
 
 
1,684,000
 
 
6,479,000
 
Note payable to BMW Bank of North America, secured by automobile, monthly principal and interest payments totaling $901, interest at 0.9%, due June 2018
 
 
44,000
 
 
55,000
 
 
 
$
1,728,000
 
$
6,534,000
 
Schedule of Maturities of Long-term Debt [Table Text Block]
The scheduled payments for the above loans are as follows:
 
 
 
Years Ending August 31,
 
2015
 
$
11,000
 
2016
 
 
1,695,000
 
2017
 
 
11,000
 
2018
 
 
11,000
 
 
 
$
1,728,000