Annual report pursuant to Section 13 and 15(d)

Note 6 - Fair Value of Financial Instruments (Tables)

v3.3.0.814
Note 6 - Fair Value of Financial Instruments (Tables)
 12 Months Ended
Aug. 31, 2015
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] The following table provides a summary of the fair values of assets and liabilities:

         
Fair Value Measurements at
August 31, 2015
 
Carrying
Value
August 31, 2015
   
Level 1
   
Level 2
   
Level 3
 
                                 
Assets
 
$
-
   
$
-
   
$
-
   
$
-
 
Liabilities
 
$
38,543
   
$
38,543
   
$
-
   
$
  -
 
         
Fair Value Measurements at
August 31, 2014
 
Carrying
Value
August 31, 2014
   
Level 1
   
Level 2
   
Level 3
 
                                 
Assets
 
$
-
   
$
-
   
$
-
   
$
-
 
Liabilities
 
$
15,668
   
$
15,668
   
$
-
   
$
-