Rendering

Component: (Network and Table)
Network
046 - Disclosure - INCOME TAXES (Details 2)
(https://www.absolutels.com/role/INCOMETAXESDetails2)
TableStatement [Table]
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001421538 (https://www.sec.gov/CIK)
Statement [Line Items]Period [Axis]
2012-08-31
2011-08-31
Deferred tax assets:
 
 
Equipment
6,648  
2,579  
Provider fees
51,750  
0  
Premiums paid
8,355,876  
3,599,077  
Capitalized interest expense
10,911  
0  
Deferred rent
22,201  
0  
Stock issuances to officers, directors and consultant
103,950  
358,007  
Start-up expenses
64,689  
0  
Net operating loss carryforward
1,096,256  
0  
Gross deferred tax assets
9,712,281  
3,959,663  
Valuation allowance
(438,254) 
0  
Net deferred tax assets
9,274,027  
3,959,663  
Deferred tax liabilities:
 
 
Prepaid insurance
(6,836) 
0  
Unrealized gains on life settlement contracts
(13,510,235) 
(25,030,823) 
Net deferred tax liabilities
(13,517,071) 
(25,030,823) 
Total deferred tax liabilities, net
(4,243,044) 
(21,071,160) 
Summary of net deferred tax liabilities:
 
 
Current
0  
0  
Non-current
4,243,044  
21,071,160  
Total deferred tax liabilities, net
(4,243,044) 
(21,071,160)