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STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Aug. 31, 2015
Aug. 31, 2014
Cash flows from operating activities    
Net income $ 3,842,961 $ 3,025,491
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization of property and equipment 211,454 47,231
Amortization of capitalized computer software development costs 1,023,139 807,705
Amortization of Intellectual property 755,000 182,500
Stock-based compensation 295,243 144,327
Deferred income taxes 55,919 1,298,896
(Increase) decrease in    
Accounts receivable 1,048,969 247,456
Revenues in excess of billings (238,502) 0
Prepaid income taxes 748,359 (446,786)
Prepaid expenses and other assets (104,836) 4,014
Increase (decrease) in    
Accounts payable 19,443 (15,464)
Accrued payroll and other expenses (355,567) 29,500
Accrued Bonus 1,000 60,000
Billings in excess of revenues (239,906) 0
Accrued income taxes 43,602 0
Other liabilities (19,860) (19,859)
Deferred revenue 48,573 (58,857)
Net cash provided by operating activities 7,134,991 5,306,154
Cash flows from investing activities    
Purchases of property and equipment (71,369) (24,486)
Purchase of intellectual property rights 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 (1,168,937) (1,369,077)
Net cash provided by (used in) investing activities (3,130,122) (3,893,563)
Cash flows from financing activities    
Payment of dividends (3,375,566) (3,075,585)
Payments on contracts payable (750,000) 0
Proceeds from the exercise of stock options 57,043 98,625
Net cash (used in) financing activities of continuing operations (4,068,523) (2,976,960)
Net increase (decrease) in cash and cash equivalents (63,654) (1,564,369)
Cash and cash equivalents, beginning of year 8,614,929 10,179,298
Cash and cash equivalents, end of period 8,551,275 8,614,929
Supplemental disclosures of cash flow information    
Interest paid 0 0
Income taxes paid 961,907 692,562
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 rights with shares and notes payable $ 0 $ 3,500,000