6. SHAREHOLDERS' EQUITY (Tables)

9 Months Ended

May 31, 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
5/09/2014	5/16/2014		16,165,171	$	0.05	$	808,259
Total						$	2,258,688

Summary of the stock option transactions

Qualified Incentive Stock Options (Qualified ISO)

As of May 31, 2014, employees hold Qualified ISO to purchase 466,000 shares of common stock at exercise prices ranging from $1.00 to $5.61 which were granted prior to May 31, 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		(160,000	)	$	1.36
Cancelled/Forfeited		(6,000	)	$	1.00
Outstanding, May 31, 2014		466,000		$	2.80		3.57
Exercisable,  May 31, 2014		314,000		$	1.78		3.31

Non-Qualified Stock Options (Non-Qualified ISO)

As of May 31, 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 May 31, 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, May 31, 2014		45,600		$	3.92		7.29
Exercisable,  May 31, 2014		25,200		$	3.45		6.12

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		212,500		3.54	$	1.05		212,500		3.54	$	1.05
$	1.51	$	3.00		21,600		5.86	$	2.28		11,600		5.83	$	2.11
$	3.01	$	4.50		141,900		3.38	$	3.28		103,500		3.24	$	3.23
$	4.51	$	6.68		136,000		4.70	$	5.49		12,000		3.27	$	5.59
					511,600		3.90	$	2.90		339,200		3.52	$	1.90