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Intangible Assets, Goodwill and Other
12 Months Ended
Aug. 31, 2012
Intangible Assets, Goodwill and Other  
Intangible Assets Disclosure [Text Block]

5.             INTANGIBLE ASSETS

 

A summary of intangible assets as of August 31, 2012 and 2011 follows:

 

 

2012

 

2011

Patent

$  850,000

 

$  850,000

Other

43,655

 

30,605

 

893,655

 

880,605

Accumulated amortization

(449,452)

 

(369,834)

 

 

 

 

Net book value

$  444,203

 

$  510,771