6. SHAREHOLDERS' EQUITY (Tables)

3 Months Ended

Nov. 30, 2014

Equity [Abstract]

Schedule of dividends declared and paid

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

The Board of Directors also declared cash dividend during the first quarter of fiscal year 2015.

Record Date	Distribution Date	Number of Shares Outstanding on Record Date		Dividend per Share		Total Amount
11/07/2014	11/14/2014		16,841,114	$	0.05	$	842,056
Total						$	842,056

Schedule of stock option activity

Qualified Incentive Stock Options (Qualified ISO)

As of November 30, 2014, employees hold Qualified ISO to purchase 815,500 shares of common stock at exercise prices ranging from $1.00 to $6.85, which were granted prior to November 30, 2014.

Transactions in FY14	Number of Options		Weighted-Average Exercise Price Per Share		Weighted-Average Remaining Contractual Life
Outstanding, August 31, 2014		798,500	$	4.59		6.265
Granted		17,000	$	6.85
Exercised		0	$	0.00
Outstanding, November 30, 2014		815,500	$	4.64		6.095
Exercisable, November 30, 2014		345,000	$	2.31		3.033

Non-Qualified Stock Options (Non-Qualified ISO)

As of November 30, 2014, the outside members of the Board of Directors hold options to purchase 56,600 shares of common stock at exercise prices ranging from $1.67 to $6.72.

Transactions in FY15	Number of Options		Weighted-Average Exercise Price Per Share		Weighted-Average Remaining Contractual Life
Outstanding, August 31, 2014		56,600	$	4.82		7.96
Granted		0	$	0.00
Exercised		0	$	0.00
Outstanding, November 30, 2014		56,600	$	4.82		7.71
Exercisable, November 30, 2014		31,400	$	3.96		6.49

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	3.21 years	$ 1.05		197,500	3.2 years	$1.05
$1.51	$ 3.00		17,600	5.48 years	$ 2.42		7,600	5.6 years	$2.33
$3.01	$ 4.50		141,500	2.87 years	$ 3.28		108,500	3.0 years	$3.18
$4.51	$ 6.00		132,000	5.24 years	$ 5.45		58,800	4.1 years	$5.59
$6.01	$ 6.85		383,500	9.67 years	$ 6.84		4,000	2.8 years	$6.68
TOTAL			872,100	6.20 years	$4.65		376,400	3.3 years	$2.45