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1. PRESENTATION OF INTERIM INFORMATION (Details 1) - USD ($) | Nov. 30, 2017 | Aug. 31, 2017
--- | --- | ---
Assets: |  |  |
Trade accounts receivable, net |  | $ 101,200 | $ 110,700
Land held for sale | [1] | 450,600 | 450,600
Total assets |  | 551,800 | 561,300
Liabilities: |  |  |
Accrued liabilities |  | 10,600 | 11,200
Total liabilities |  | $ 10,600 | $ 11,200
[1] | During the fiscal quarter ended November 30, 2015, the Company purchased three farms totaling 700 acres for approximately $450,600. The farms were acquired in order to correct dry-up covenant issues related to water only farms in order or obtain the release of the escrow funds related to the Company's farm sale to Arkansas River Farms, LLC. The Company intends to sell the farms in due course and has classified the farms as long-term assets.

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