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CONDENSED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
May 31, 2013
May 31, 2012
Cash flows from operating activities    
Net income $ 2,641,791 $ 2,678,931
Adjustments to reconcile net income to net cash provided by operating activities    
(Income)/Loss from Discontinued Operations 0 (215,922)
Depreciation and amortization of property and equipment 31,411 30,442
Amortization of customer relationships 0 1,871
Amortization of Intellectual property 5,625 1,875
Amortization of capitalized computer software development costs 532,106 474,081
Excess tax benefits from share-based arrangements (70,806) 0
Stock-based compensation 98,494 97,195
(Gain)/Loss from sale of assets 0 433
Deferred income taxes 99,402 268,131
(Increase) decrease in    
Accounts receivable and Contracts receivable (1,611,838) (940,995)
Income tax receivable 153,896 0
Prepaid expenses and other assets 13,284 10,470
Accounts payable 44,206 125,294
Accrued payroll and other expenses 24,973 25,200
Accrued Bonus (15,000) 60,000
Accrued income taxes (403,735) 985,382
Deferred revenue 35,324 (8,581)
Net cash provided by (used in) operating activities of continuing operations 1,579,133 3,593,807
Net cash (used in) operating activities of discontinued operations 0 (688,862)
Net cash provided by (used in) operating activities 1,579,133 2,904,945
Cash flows from investing activities    
Proceeds from sale of Words+, Inc. 0 1,973,096
Proceeds from sale of assets 0 200
Purchases of property and equipment (19,259) (97,161)
Purchase of royalty 0 (75,000)
Capitalized computer software development costs (833,965) (719,279)
Net cash provided by (used in) investing activities of continuing operations (853,224) 1,081,856
Net cash provided by investing activities of discontinued operations 0 6,532
Net cash provided by (used in) investing activities (853,224) 1,088,388
Cash flows from financing activities    
Exess tax benefits from share-based arrangements 70,806 0
Proceeds from the exercise of stock options 27,985 301,641
Payments of dividends (3,520,285) (1,586,843)
Net cash (used in) financing activities of continuing operations (3,421,494) (1,285,202)
Net increase (decrease) in cash and cash equivalents from continuing operations (2,695,585) 3,390,461
Net (decrease) in cash and cash equivalents from discontinued operations 0 (682,330)
Net increase (decrease) in cash and cash equivalents (2,695,585) 2,708,131
Cash and cash equivalents, beginning of year 12,701,075 10,181,049
Cash and cash equivalents, end of period 10,005,490 12,889,180
Supplemental disclosures of cash flow information    
Interest paid 0 3
Income taxes paid $ 1,673,545 $ 170,000