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EXCEL - IDEA: XBRL DOCUMENT - DESTINY MEDIA TECHNOLOGIES INCFinancial_Report.xls
10-K - ANNUAL REPORT - DESTINY MEDIA TECHNOLOGIES INCform10k.htm
XML - IDEA: XBRL DOCUMENT - DESTINY MEDIA TECHNOLOGIES INCR3.htm
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EX-31.1 - SECTION 302 CERTIFICATION OF CHIEF EXECUTIVE OFFICER - DESTINY MEDIA TECHNOLOGIES INCexhibit31-1.htm
EX-31.2 - SECTION 302 CERTIFICATION OF CHIEF FINANCIAL OFFICER - DESTINY MEDIA TECHNOLOGIES INCexhibit31-2.htm
EX-23.2 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - DESTINY MEDIA TECHNOLOGIES INCexhibit23-2.htm
EX-32.1 - SECTION 906 CERTIFICATION OF CHIEF EXECUTIVE OFFICER - DESTINY MEDIA TECHNOLOGIES INCexhibit32-1.htm
EX-32.2 - SECTION 906 CERTIFICATION OF CHIEF FINANCIAL OFFICER - DESTINY MEDIA TECHNOLOGIES INCexhibit32-2.htm
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LONG TERM RECEIVABLE
12 Months Ended
Aug. 31, 2012
LONG TERM RECEIVABLE [Text Block]

3. LONG TERM RECEIVABLE

The Company agreed to settle litigation with an unrelated party. Pursuant to a Settlement Deed dated March 5, 2012, the Company became entitled to a settlement sum of $825,000 Australian dollars (“AUD”) (US $858,194), receivable in monthly installments over the course of 72 months, beginning on March 31, 2012. The unpaid balance accrues interest of 10.25% per annum compounded monthly. The receivable is secured by a registered charge against real estate located in Australia. As of August 31, 2012, installments of $156,200AUD and interest of $37,740AUD have been received, and $28,100 AUD has been received subsequent to August 31, 2012.

The settlement amount receivable was recorded during the year ended August 31, 2012 as a recovery to general and administrative expenses.

Payments to be received over the next five fiscal years as follows:

    Principal     Interest     Total  
                   
2013   104,056     69,940     173,996  
2014   115,237     58,759     173,996  
2015   127,620     46,376     173,996  
2016   141,334     32,662     173,996  
2017   156,521     17,475     173,996  
Thereafter   84,386     2,539     86,925  
    729,154     227,751     956,905