At August 31, 2012,
accounts payable totaling $63,403 consisted of $24,863 of professional services and $38,540 of trade payables. Accrued liabilities
consisted of $26,231 of accrued interest on the Company's $1,000,000 outstanding bridge Loan agreement dated April 17, 2012.
At August 31, 2011,
accounts payable totaling $119,868 consisted of $52,029 of professional services and $67,839 of trade payables. Accrued liabilities
consisted of $156,109 due to the University of Illinois that was written off in 2012 (See Note
4 - SolarWindow Technology; University of Illinois at Urbana-Champaign Sponsored
Research Agreement), $1,900 due an investor relations firm and $3,000 due to Veryst Engineering LLC.