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Note 17 - Statements of Cash Flows

12 Months Ended

Aug. 31, 2012

Cash Flow, Supplemental Disclosures [Text Block]

17. STATEMENTS OF CASH FLOWS

Supplemental disclosures of cash flow information for the fiscal years ended August 31, 2012 and 2011 consist of:

	Fiscal Year Ended August 31,
	2012		2011
Cash paid during the year for income tax	$	—	$	—
Cash paid during the year for interest		29,388		59,541
Common stock issued in lieu of accrued payroll (42,707 and 22,686 shares, respectively)		615,830		319,650
Decrease/(increase) in the Company’s investment in joint ventures and accumulated other comprehensive income due to changes in exchange rates	$	2,219,357	$	(1,792,467	)

- Definition

The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.

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