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BALANCE SHEETS (USD $)
Aug. 31, 2014
Aug. 31, 2013
Current assets    
Cash and cash equivalents $ 8,614,929 $ 10,179,298
Prepaid income taxes 748,359 301,573
Accounts receivable, net of allowance for doubtful accounts of $0 1,708,158 1,910,615
Contracts receivable 158,914 203,913
Prepaid expenses and other current assets 188,160 192,173
Deferred income taxes 114,846 184,258
Total current assets 11,533,366 12,971,830
Long-term assets    
Capitalized computer software development costs, net of accumulated amortization of $6,609,283 and $5,801,578 3,452,541 2,891,169
Property and equipment, net (note 3) 95,242 117,987
Intellectual property, net of accumulated amortization of $193,750 and $11,250 5,881,250 63,750
Other assets 18,445 18,445
Total assets 20,980,844 16,063,181
Current liabilities    
Accounts payable 130,547 146,011
Accrued payroll and other expenses 340,709 311,209
Accrued bonuses to officer 120,000 60,000
Other current liabilities 19,859 19,859
Current portion - Contract payable (note 4) 750,000 0
Deferred revenue 30,370 89,227
Total current liabilities 1,391,485 626,306
Long-term liabilities    
Deferred income taxes 2,375,874 1,146,389
Payments due under Contract payable (note 4) 1,750,000 0
Other long-term liabilities 28,134 47,993
Total liabilities 5,545,493 1,820,688
Commitments and contingencies (note 5)      
Shareholders' equity (note 6)    
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 16,349,955 and 16,030,894 shares issued and outstanding 4,821 4,502
Additional paid-in capital 6,085,427 4,842,794
Retained earnings 9,345,103 9,395,197
Total shareholders' equity 15,435,351 14,242,493
Total liabilities and shareholders' equity $ 20,980,844 $ 16,063,181