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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
May. 31, 2015
May. 31, 2014
Cash flows from operating activities    
Net income $ 3,351,558 $ 2,802,568
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization of property and equipment 168,585 35,730
Amortization of capitalized computer software development costs 748,730 584,237
Amortization of Intellectual property 566,250 30,625
Stock-based compensation 230,501 103,498
Deferred income taxes 377,666 1,349,585
(Increase) decrease in    
Accounts receivable (1,347,791) (1,229,485)
Revenues in excess of billings (368,170) 0
Prepaid income taxes 748,359 (644,945)
Prepaid expenses and other assets 7,106 72,993
Increase (decrease) in    
Accounts payable (56,838) 31,345
Accrued payroll and other expenses (357,397) 38,255
Accrued bonus (48,000) 30,000
Billings in excess of revenues (253,318) 0
Accrued income taxes 178,894 0
Other liabilities (14,895) (14,894)
Deferred revenue 11,796 145,444
Net cash provided by operating activities 3,943,036 3,334,956
Cash flows from investing activities    
Purchases of property and equipment (35,620) (21,339)
Purchases of intellectual property 0 (2,500,000)
Cash used to purchase Cognigen (2,080,000) 0
Cash received in acquisition 190,184 0
Capitalized computer software development costs (976,350) (1,051,700)
Net cash provided by (used in) investing activities (2,901,786) (3,573,039)
Cash flows from financing activities    
Payment of Dividends (2,528,416) (2,258,688)
Payments on Contracts Payable (750,000) 0
Proceeds from the exercise of stock options 50,833 75,445
Net cash (used in) financing activities of continuing operations (3,227,583) (2,183,243)
Net increase (decrease) in cash and cash equivalents (2,186,333) (2,421,326)
Cash and cash equivalents, beginning of year 8,614,929 10,179,298
Cash and cash equivalents, end of period 6,428,596 7,757,972
Supplemental disclosures of cash flow information    
Interest paid 0 0
Income taxes paid 320,707 572,192
Non-Cash Investing and Financing    
Stock issued for acquisition of Cognigen Corporation 3,277,170 0
Creation of contract liability for acquisition of Cognigen Corporation 1,854,404 0
Purchase of intellectual property with shares and notes payable $ 0 $ 3,500,000