6. SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Aug. 31, 2014

Equity [Abstract]

Schedule of dividends declared and paid

FY2014

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
8/04/2014	8/11/2014		16,337,955	$	0.05		$	816,897
Total							$	3,075,585

FY2013

Record Date	Distribution Date	Number of Shares Outstanding on Record Date		Dividend per Share			Total Amount
11/08/2012	11/13/2012		15,927,806	$	0.05		$	796,390
12/24/2012	12/28/2012		16,021,309	$	0.14	*	$	2,242,983
05/07/2013	05/10/2013		16,030,433	$	0.03	**	$	480,913
08/12/2013	08/15/2013		16,030,894	$	0.03	**	$	480,926
Total							$	4,001,212

Schedule of stock option activity

Incentive Stock Options (“ISOs”)

As of August 31, 2014, employees hold ISOs to purchase in the aggregate 532,000 shares of the Company’s common stock at exercise prices ranging from $1.00 to $6.85 per share.

Transactions in FY13 (ISOs)	Number of Options			Weighted-Average Exercise Price Per Share		Weighted-Average Remaining Contractual Life(Years)
Outstanding, August 31, 2012		689,800		$	1.74		4.52
Granted		20,000		$	5.06
Exercised		(175,800	)	$	1.90
Canceled/Forfeited		(2,000	)	$	1.00
Outstanding, August 31, 2013		532,000		$	1.82		3.95
Vested and Exercisable, August 31, 2013		392,600		$	1.45		3.79
Vested and Expected to Vest, August 31, 2013		519,600		$	1.79		3.91

Transactions in FY14 (ISOs)	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		447,500		$	6.57
Exercised		(175,000	)	$	1.34
Canceled/Forfeited		(6,000	)	$	1.00
Outstanding, August 31, 2014		798,500		$	4.59		6.27
Vested and Exercisable, August 31, 2014		299,000		$	1.82		3.16
Vested and Expected to Vest, August 31, 2014		728,079		$	4.41		5.99

Non-Qualified Stock Options (“NQSOs”)

As of August 31, 2014, the outside members of the Company’s Board of Directors hold NQSOs to purchase in the aggregate 48,600 shares of the Company’s common stock at exercise prices ranging from $1.67 to $6.68 per share.

Transactions in FY13 (NQSOs)	Number of Options		Weighted-Average Exercise Price Per Share		Weighted-Average Remaining Contractual Life
Outstanding, August 31, 2012		36,600	$	3.47		8.14
Granted		12,000	$	4.78
Outstanding, August 31, 2013		48,600	$	3.79		7.85
Exercisable, August 31, 2013		28,200	$	3.28		6.67

Transactions in FY14 (NQSOs)	Number of Options			Weighted-Average Exercise Price Per Share		Weighted-Average Remaining Contractual Life
Outstanding, August 31, 2013		48,600		$	3.79		7.85
Granted		15,000		$	6.72
Exercised		(7,000	)	$	1.30
Outstanding, August 31, 2014		56,600		$	4.82		7.96
Exercisable,  August 31, 2014		31,400		$	3.96		6.74

Intrinsic Value of options outstanding and options exercisable

	Intrinsic Value of Options Outstanding		Intrinsic Value of Options Exercisable		Intrinsic Value of Options Exercised
FY13	$	1,636,422	$	1,357,870	$	402,406
FY14	$	1,850,239	$	1,552,171	$	737,266

Schedule of options by exercise price range

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		197,500	3.5 years	$1.05		197,500	3.5 years	$1.05
$1.51	$3.00		17,600	5.7 years	$2.42		7,600	5.9 years	$2.34
$3.01	$4.50		141,500	3.1 years	$3.28		108,500	3.2 years	$3.26
$4.51	$6.85		498,500	8.5 years	$6.47		16,800	4.7 years	$5.36
			855,100				330,400