6. SHAREHOLDERS' EQUITY (Tables)

6 Months Ended

Feb. 28, 2015

Equity [Abstract]

Schedule of dividends declared and paid

Dividend

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 has also declared cash dividends during fiscal year 2015. 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
11/07/2014	11/14/2014		16,841,114	$	0.05	$	842,056
1/26/2015	2/2/2015		16,852,117	$	0.05	$	842,604
Total						$	1,684,660

Schedule of stock option activity

Qualified Incentive Stock Options (Qualified ISO)

As of February 28, 2015, employees hold Qualified ISO to purchase 802,200 shares of common stock at exercise prices ranging from $1.00 to $6.85, which were granted prior to February 28, 2015.

Transactions in FY15	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		(4,500	)	$	1.11
Cancelled/Forfeited		(8,800	)	$	6.85
Outstanding, February 28, 2015		802,200		$	4.64		5.840
Exercisable, February 28, 2015		370,500		$	2.40		2.737

Non-Qualified Stock Options (Non-Qualified ISO)

As of February 28, 2015, the outside members of the Board of Directors hold options to purchase 35,600 shares of common stock at exercise prices ranging from $1.67 to $6.85, which were granted prior to February 28, 2015.

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		(6,503	)	$	3.28
Cancelled/Forfeited		(14,497	)	$	4.97
Outstanding, February 28, 2015		35,600		$	5.05		7.38
Exercisable, February 28, 2015		19,000		$	4.29		7.32

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		193,000	3.02 years	$1.04		193,000	3.02 years	$1.04
$1.51	$3.00		13,600	5.15 years	$2.41		3,600	5.19 years	$2.19
$3.01	$4.50		133,500	2.36 years	$3.25		131,700	2.29 years	$3.23
$4.51	$6.00		128,000	3.85 years	$5.47		57,200	3.71 years	$5.42
$6.01	$6.85		369,700	9.42 years	$6.84		4,000	2.50 years	$6.67
TOTAL			837,800	5.90 years	$4.65		389,500	2.89 years	$2.49