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v2.4.0.6
FAIR VALUE MEASUREMENTS (TABLES)
12 Months Ended
Aug. 31, 2012
FAIR VALUE MEASUREMENTS  
FAIR VALUE MEASUREMENTS

Cash, accounts receivable, accounts payable, and accrued expenses reported on the balance sheet are estimated by management to approximate fair market value due to their short term nature.

    

The following table presents assets that were measured and recognized at fair value as of August 31, 2012 on a recurring basis:

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

Realized

 

Description

 

Level 1

 

 

Level 2

 

Level 3

 

 

Loss

 

 

 

$

           -

 

 

$

               -

 

 

$

               -

 

 

$

-

 

 Totals

 

$

           -

 

 

$

               -

 

 

$

               -

 

 

$

-

 

 

The following table presents assets that were measured and recognized at fair value as of August 31, 2011 on a recurring basis:

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

Realized

 

Description

 

Level 1

 

 

Level 2

 

Level 3

 

 

Loss

 

 

 

$

           -

 

 

$

               -

 

 

$

               -

 

 

$

-

 

 Totals

 

$

           -

 

 

$

               -

 

 

$

               -

 

 

$

-