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Note 4 - Property and Equipment, Net

9 Months Ended

May 31, 2013

Property, Plant and Equipment Disclosure [Text Block]

Property, Plant and Equipment Disclosure [Text Block]

4.	PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

	May 31, 2013			August 31, 2012
Land	$	310,365		$	310,365
Buildings and improvements		4,302,151			3,406,674
Machinery and equipment		3,173,684			2,908,021
		7,786,200			6,625,060
Less accumulated depreciation		(2,660,067	)		(2,336,442	)
	$	5,126,133		$	4,288,618

- 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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