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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Other Intangible Assets) - USD ($) | 12 Months Ended |
--- | --- | ---
Aug. 31, 2016 | Aug. 31, 2015
Accumulated amortization | $ 1,408,750 | $ 801,250
Net book value | $ 1,355,000 | 1,502,500
Customer Relationships [Member] |  |
Amortization period | Straight line 8 years |
Acquisition value | $ 1,100,000 |
Accumulated amortization | 275,000 |
Net book value | $ 825,000 |
Trade name |  |
Amortization period | None |
Acquisition value | $ 500,000 |
Accumulated amortization | 0 |
Net book value | $ 500,000 |
Covenants not to compete |  |
Amortization period | Straight line 5 years |
Acquisition value | $ 50,000 |
Accumulated amortization | 20,000 |
Net book value | 30,000 |
Other Intangible Assets |  |
Acquisition value | 1,650,000 |
Accumulated amortization | 295,000 | $ 147,500
Net book value | $ 1,355,000 |

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