| Schedule of unobservable input reconciliation of fair value liabilities measured on a recurring basis |
| |
|
Fair
Value Measurement using Significant
Unobservable
Inputs (Level 3) |
|
| |
|
Gross
Estimated Tap Participation Fee Liability |
|
|
Tap
Participation Fee Reported Liability |
|
|
Discount
- to be imputed as interest expense in future periods |
|
| Balance
at August 31, 2014 |
|
$ |
12,038,300 |
|
|
$ |
7,935,300 |
|
|
$ |
4,103,000 |
|
| Total gains and
losses (realized and unrealized): |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Imputed interest
recorded as "Other Expense" |
|
|
- |
|
|
|
23,800 |
|
|
|
(23,800 |
) |
| Purchases, sales,
issuances, payments, reductions resulting from foreclosures, and HP A&M settlement |
|
|
(12,038,300 |
) |
|
|
(7,959,100 |
) |
|
|
(4,079,200 |
) |
| Transfers
in and/or out of Level 3 |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Balance
at May 31, 2015 |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|