XML 44 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED BALANCE SHEETS (USD $)
Aug. 31, 2013
Aug. 31, 2012
Current assets    
Cash and cash equivalents $ 10,179,298 $ 12,701,075
Prepaid income taxes 301,573 153,896
Accounts receivable, net of allowance for doubtful accounts of $0 1,910,615 1,451,864
Contracts receivable 203,913 18,893
Prepaid expenses and other current assets 192,173 150,856
Deferred income taxes 184,258 193,712
Total current assets 12,971,830 14,670,296
Long-term assets    
Capitalized computer software development costs, net of accumulated amortization of $5,801,578 and $5,084,690 2,891,169 2,479,468
Property and equipment, net (note 3) 117,987 107,410
Intellectual property, net of accumulated amortization of $11,250 and $3,750 63,750 71,250
Other assets 18,445 18,445
Total assets 16,063,181 17,346,869
Current liabilities    
Accounts payable 146,011 177,509
Accrued payroll and other expenses 311,209 312,912
Accrued bonuses to officer 60,000 60,000
Accrued income taxes 0 733,233
Other current liabilities 19,859 0
Deferred revenue 89,227 131,782
Total current liabilities 626,306 1,415,436
Long-term liabilities    
Deferred income taxes 1,146,389 788,857
Other long-term liabilities 47,993 0
Total liabilities 1,820,688 2,204,293
Shareholders' equity (note 5)    
Preferred stock, $0.001 par value 10,000,000 shares authorized no shares issued and outstanding 0 0
Common stock, $0.001 par value 50,000,000 shares authorized 16,030,894 and 15,927,806 shares issued and outstanding 4,502 4,399
Additional paid-in capital 4,842,794 4,628,366
Retained earnings 9,395,197 10,509,811
Total shareholders' equity 14,242,493 15,142,576
Total liabilities and shareholders' equity $ 16,063,181 $ 17,346,869