2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

May 31, 2013

Accounting Policies [Abstract]

Property and Equipment estimated useful lives

Equipment	5 years
Computer equipment	3 to 7 years
Furniture and fixtures	5 to 7 years
Leasehold improvements	Shorter of life of asset or lease

Assets and liabilities recorded at fair value

Level Input:	Input Definition:
Level I	Inputs are unadjusted, quoted prices for identical assets or liabilities in active markets at the measurement date.
Level II	Inputs, other than quoted prices included in Level I, that are observable for the asset or liability through corroboration with market data at the measurement date.
Level III	Unobservable inputs that reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date.

Summary of fair value measurements by level

	Level I		Level II		Level III		Total
Cash and cash equivalents	$	10,005,490	$	–	$	–	$	10,005,490
Total	$	10,005,490	$	–	$	–	$	10,005,490

Components of basic and diluted earnings per share

	05/31/2013		05/31/2012
Numerator
Net income attributable to common shareholders	$	2,648,653	$	2,678,931
Denominator
Weighted-average number of common shares outstanding during the 9 months of FY13 and FY12		15,984,819		15,710,014
Dilutive effect of stock options		322,799		360,464
Common stock and common stock equivalents used for diluted earning per share		16,307,618		16,070,478