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CONDENSED BALANCE SHEETS (USD $)
May 31, 2014
Aug. 31, 2013
Current assets    
Cash and cash equivalents $ 7,757,972 $ 10,179,298
Prepaid income taxes 946,518 301,573
Accounts receivable, net of allowance for doubtful accounts of $0 3,219,743 1,910,615
Contracts receivable 124,270 203,913
Prepaid expenses and other current assets 119,180 192,173
Deferred income taxes 217,655 184,258
Total current assets 12,385,338 12,971,830
Long-term assets    
Capitalized computer software development costs, net of accumulated amortization of $6,385,815 and $5,801,578 3,358,632 2,891,169
Property and equipment, net (note 3) 103,596 117,987
Intellectual property, net of accumulated amortization of $41,875 and $11,250 6,033,125 63,750
Other assets 18,445 18,445
Total assets 21,899,136 16,063,181
Current liabilities    
Accounts payable 177,356 146,011
Accrued payroll and other expenses 349,464 311,209
Accrued bonuses to officers 90,000 60,000
Other current liabilities 19,859 19,859
Current portion - Contract payable (Note 4) 750,000  
Deferred revenue 234,671 89,227
Total current liabilities 1,621,350 626,306
Long-term liabilities    
Deferred income taxes 2,529,371 1,146,389
Payments due under Contract payable (Note 4) 1,750,000  
Other long-term liabilities 33,099 47,993
Total liabilities 5,933,820 1,820,688
Commitments and contingencies (note 5)      
Shareholders' equity (note 5)    
Preferred stock, $0.001 par value 10,000,000 shares authorized no shares issued and outstanding      
Common stock, $0.001 par value 50,000,000 shares authorized 16,335,804 and 16,030,894 shares issued and outstanding 4,807 4,502
Additional paid-in capital 6,021,432 4,842,794
Retained earnings 9,939,077 9,395,197
Total shareholders' equity 15,965,316 14,242,493
Total liabilities and shareholders' equity $ 21,899,136 $ 16,063,181