6. SHAREHOLDERS' EQUITY (Tables)

9 Months Ended

May. 31, 2015

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
11/8/2013	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
8/4/2014	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
11/7/2014	11/14/2014	16,841,114	$0.05	$842,056
1/26/2015	2/2/2015	16,852,117	$0.05	$842,606
5/11/2015	5/18/2015	16,875,117	$0.05	$843,754
Total				$2,528,416

Schedule of stock option activity

Qualified Incentive Stock Options (Qualified ISO)

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		6.27
Granted		17,000		$	6.85
Exercised		(39,500	)	$	1.29
Cancelled/Forfeited		(23,500	)	$	6.85
Outstanding, May 31, 2015		752,500		$	4.75		5.73
Exercisable, May 31, 2015		345,500		$	2.52		2.70

Non-Qualified Stock Options (Non-Qualified ISO)

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, May 31, 2015		35,600		$	5.05		7.13
Exercisable, May 31, 2015		19,000		$	4.29		5.72

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		163,000	3.02 years	$1.03		163,000	3.21 years	$1.03
$1.51	$3.00		8,600	4.91 years	$2.37		8,600	4.91 years	$2.37
$3.01	$4.50		133,500	2.11 years	$3.25		131,700	2.04 years	$3.24
$4.51	$6.00		128,000	3.60 years	$5.47		57,200	3.46 years	$5.42
$6.01	$6.85		355,000	9.17 years	$6.84		4,000	2.25 years	$6.68
TOTAL			788,100	5.79 years	$4.76		364,500	2.86 years	$2.61