5. SHAREHOLDERS' EQUITY (Tables)

6 Months Ended

Feb. 28, 2014

Equity [Abstract]

Details of dividend paid

The Board of Directors declared cash dividends during fiscal year 2013. The details of dividends paid are in the following table:

Record Date	Distribution Date	Number of Shares Outstanding on Record Date		Dividend per Share		Total Amount
11/8/2012	11/13/2012		15,927,806	$	0.05	$	796,390
12/24/2012	12/28/2012		16,021,309	$	0.14	$	2,242,983
5/7/2013	5/10/2013		16,030,433	$	0.03	$	480,913
8/12/2013	8/15/2013		16,030,894	$	0.03	$	480,926
Total						$	4,001,212

The Board of Directors has also declared cash dividends during fiscal year 2014. The details of dividends paid are in the following table:

Record Date	Distribution Date	Number of Shares Outstanding on Record Date		Dividend per Share		Total Amount
11/08/2013	11/15/2013		16,073,894	$	0.04	$	642,956
2/17/2014	2/24/2014		16,149,460	$	0.05	$	807,473
Total						$	1,450,429

Summary of the stock option transactions

Qualified Incentive Stock Options (Qualified ISO)

As of February 28, 2014, employees hold Qualified ISO to purchase 479,000 shares of common stock at exercise prices ranging from $1.00 to $5.61 which were granted prior to February 28, 2014.

Transactions in FY14	Number of Options	Weighted-Average Exercise Price Per Share		Weighted-Average Remaining Contractual Life
Outstanding, August 31, 2013	532,000	$	1.82	3.95
Granted	100,000	$	5.61
Exercised	(147,000)	$	1.29
Cancelled/Forfeited	(6,000)	$	1.00
Outstanding, February 28, 2014	479,000	$	2.78	3.88
Exercisable,  February 28, 2014	289,600	$	1.85	3.43

Non-Qualified Stock Options (Non-Qualified ISO)

As of February 28, 2014, the outside members of the Board of Directors hold options to purchase 45,600 shares of common stock at exercise prices ranging from $1.67 to $6.68, which were granted prior to February 28, 2014.

Transactions in FY14	Number of Options	Weighted-Average Exercise Price Per Share		Weighted-Average Remaining Contractual Life
Outstanding, August 31, 2013	48,600	$	3.79	7.85
Exercised	(3,000)	$	1.80
Outstanding, February 28, 2014	45,600	$	3.92	7.54
Exercisable,  February 28, 2014	25,200	$	3.45	6.37

Exercise prices for the options outstanding

Exercise Price		Awards Outstanding				Awards Exercisable
Low	High	Quantity		Weighted Average Remaining Contractual Life	Weighted Average Exercise Price	Quantity		Weighted Average Remaining Contractual Life	Weighted Average Exercise Price
$1.00	$1.50		215,100	3.81	$ 1.05		187,700	3.62	$1.06
$1.51	$3.00		31,600	6.12	$ 2.35		11,600	3.08	$2.11
$3.01	$4.50		141,900	3.63	$ 3.28		103,500	3.49	$3.22
$4.51	$6.68		136,000	4.95	$ 5.49		12,000	3.52	$5.59
			524,600	4.19	$ 2.88		314,800	3.67	$1.98