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LONG-TERM DEBT AND OPERATING LEASE (Details Narrative) (USD $) | 3 Months Ended | 12 Months Ended |
--- | --- | --- | ---
Nov. 29, 2013 Taps Properties | Aug. 31, 2013 Taps sqft Properties | Aug. 31, 2011 Taps | Aug. 31, 2012
Tap Participation Fee payable to HP A&M, net of $42.9 million and $48.2 million discount, respectively |  | $ 59,807,289 |  | $ 68,269,176
Tap Participation Fee Percentage |  | 20.00% | 10.00% |
Water Taps under Tap Participation Fee | 13,830 | 17,194 | 40,000 |
Reduction In Taps Percentage |  |  | 50.00% |
Reduction in Taps as result of foreclosure | 3,364 |  | 2,233 |
Estimated proceeds from sale of water taps |  | 102,700,000 |  |
Decrease in estimated proceeds from sales of water taps | 11,900,000 | 17,900,000 |  |
Interest rate used in valuation |  | 5.00% |  |
Imputed Interest on TPF |  | 26,100,000 |  |
Number of properties subject to outstanding promissory notes |  | 60 |  |
Number of properties |  | 80 |  |
Notes Payable outstanding |  | 7,900,000 |  | 9,600,000
The number of shares that may be foreclosed upon |  | 1,500,000 |  |
Sale of common stock held as collateral |  | 3,420,000 |  |
Sale price of shares sold |  | $ 2.35 |  |
Stock sale fees |  | 110,000 |  |
Purchase of notes payable |  | 7,000,000 |  |
Notes payable in purchase negotiation |  | 2,600,000 |  |
Accrued interest |  | 122,028 |  |
Number of FLCC shares foreclosed upon | 1,832 |  |  |
Monthly rent payments |  | 1,530 |  |
Office space |  | 1,200 |  |
Note Collateral |  |  |  |
Number of Acres (in Acres) |  | 14,000 |  |
Number of FLCC Shares |  | 16,882 |  |
Gross Estimated Tap Participation Fee Liability |  |  |  |
Adjustment to TPF Liability |  | $ (10,276,100) |  |
Arkansas River Water Land |  |  |  |
Percentage of net revenues paid to HP A&M |  | 26.90% |  |
Number of Acres (in Acres) |  | 16,700 |  |

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- Definition The cash outflow to acquire an agreement for an unconditional promise by the entity to pay the holder a definite sum of money at a future date. Such amount may include accrued interest payable in accordance with the terms of the note. The note also may contain provisions including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among myriad other features and characteristics. + References No definition available. + Details
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- Definition The number of shares that were issued to HP A&M per the Seller Pledge Agreement that may be foreclosed upon by the company as one of the remedies in such agreement. + References No definition available. + Details
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- Definition Imputed interest on the Tap Participation Fee. Imputed Interest has been considered to be paid, but where no interest payment has been made. + References No definition available. + Details
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