11. ACQUISITION/MERGER WITH COGNIGEN CORPORATION (Tables)

3 Months Ended

Nov. 30, 2014

Business Combinations [Abstract]

Total consideration paid for acquisition

Assets acquired, including accounts receivable of $934,000 and estimated Contracts receivable of $530,000	$	1,524,389
Fixed assets acquired		458,351
Estimated value of software acquired		200,000
Estimated value of Intangibles acquired (Customer Lists, trade name etc.)		1,600,000
Estimated amount due to sellers - Working Capital Adjustment		(26,707	)
Current Liabilities assumed		(644,499	)
Goodwill		4,789,248
Estimated Deferred income taxes		(662,500	)
Total Consideration	$	7,238,282

Pro forma information

	For the three months ended November 30 ( in 1000’s)
	2014		2013
Net Sales	$	4,086	$	3,834
Net Income	$	529	$	492
Earnings per share
Basic	$	0.03	$	0.03
Diluted	$	0.03	$	0.03