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STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Aug. 31, 2014
Aug. 31, 2013
Cash flows from operating activities    
Net income $ 3,025,491 $ 2,886,598
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization of property and equipment 47,231 42,573
Amortization of capitalized computer software development costs 807,705 716,887
Amortization of Intellectual property 182,500 7,500
Excess tax benefits from share-based arrangements 0 (70,806)
Stock-based compensation 144,327 115,740
Deferred income taxes 1,298,896 366,986
(Increase) decrease in    
Accounts receivable and Contracts receivable 247,456 (643,771)
Prepaid income taxes (446,786) (147,677)
Prepaid expenses and other assets 4,014 (41,317)
Accounts payable (15,464) (31,498)
Accrued payroll and other expenses 29,500 (1,703)
Accrued Bonus 60,000 0
Accrued income taxes 0 (662,427)
Other liabilities (19,859) 67,852
Deferred revenue (58,857) (42,555)
Net cash provided by operating activities 5,306,154 2,562,382
Cash flows from investing activities    
Purchase of intellectual property rights (2,500,000) 0
Purchases of property and equipment (24,486) (53,150)
Capitalized computer software development costs (1,369,077) (1,128,588)
Net cash used in investing activities (3,893,563) (1,181,738)
Cash flows from financing activities    
Excess tax benefits from share-based arrangements 0 70,806
Dividends (3,075,585) (4,001,212)
Proceeds from the exercise of stock options 98,625 27,985
Net cash (used in) financing activities of continuing operations (2,976,960) (3,902,421)
Net increase (decrease) in cash and cash equivalents (1,564,369) (2,521,777)
Cash and cash equivalents, beginning of year 10,179,298 12,701,075
Cash and cash equivalents, end of period 8,614,929 10,179,298
Supplemental disclosures of cash flow information    
Interest paid 0 0
Income taxes paid 692,562 1,964,545
Non-Cash Investing and Financing    
Purchase of intellectual property rights with shares and notes payable $ 3,500,000 $ 0