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CONDENSED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
May 31, 2014
May 31, 2013
Cash flows from operating activities    
Net income $ 2,802,568 $ 2,641,791
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization of property and equipment 35,730 31,411
Amortization of intellectual property 30,625 5,625
Amortization of capitalized computer software development costs 584,237 532,106
Excess tax benefits from share-based arrangements    (70,806)
Stock-based compensation 103,498 98,494
Deferred income taxes 1,349,585 99,402
(Increase) decrease in    
Accounts receivable and Contracts receivable (1,229,485) (1,611,838)
Prepaid income taxes (644,945) 153,896
Prepaid expenses and other assets 72,993 13,284
Accounts payable 31,345 44,206
Accrued payroll and other expenses 38,255 24,973
Accrued bonus 30,000 (15,000)
Accrued income taxes    (403,735)
Other liabilities (14,894)   
Deferred revenue 145,444 35,324
Net cash provided by operating activities 3,334,956 1,579,133
Cash flows from investing activities    
Purchases of property and equipment (21,339) (19,259)
Purchase of intellectual property (2,500,000)   
Capitalized computer software development costs (1,051,700) (833,965)
Net cash used in investing activities (3,573,039) (853,224)
Cash flows from financing activities    
Excess tax benefits from share-based arrangements    70,806
Proceeds from the exercise of stock options 75,445 27,985
Dividends paid (2,258,688) (3,520,285)
Net cash (used in) financing activities (2,183,243) (3,421,494)
Net increase (decrease) in cash and cash equivalents (2,421,326) (2,695,585)
Cash and cash equivalents, beginning of year 10,179,298 12,701,075
Cash and cash equivalents, end of period 7,757,972 10,005,490
Supplemental disclosures of cash flow information    
Interest paid      
Income taxes paid 572,192 1,382,545
Non-Cash Investing and Financing    
Purchase of intellectual property with shares and notes payable $ 3,500,000