11. ACQUISITION/MERGER WITH COGNIGEN CORPORATION (Tables)

6 Months Ended

Feb. 28, 2015

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
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 February 28 ( in 1000’s)				For the six months ended February 28 ( in 1000’s)
	2015		2014		2015		2014
Net Sales	$	4,574	$	4,208	$	8,660	$	8,043
Net Income	$	970	$	598	$	1,499	$	1,109