2. SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Nov. 30, 2015

Accounting Policies [Abstract]

Property and Equipment estimated useful lives

Equipment	5 years
Computer equipment	3 to 7 years
Furniture and fixtures	5 to 7 years
Leasehold improvements	Shorter of life of asset or lease

Fair value measurements

	Level I		Level II		Level III		Total
Cash and cash equivalents	$	7,154,513	$	–	$	–	$	7,154,513
Total	$	7,154,513	$	–	$	–	$	7,154,513

Schedule of intangible assets

	Amortization Period	Acquisition Value		Accumulated Amortization		Net book value
Customer relationships	Straight line 8 years	$	1,100,000	$	171,875	$	928,125
Trade Name-Cognigen	None		500,000		0		500,000
Covenants not to compete	Straight line 5 years		50,000		12,500		37,500
		$	1,650,000	$	184,375	$	1,465,625

Earnings per share

	11/30/2015		11/30/2014
Numerator
Net income attributable to common shareholders	$	1,106,473	$	528,904
Denominator
Weighted-average number of common shares outstanding during the 3 months of FY15 & FY14		16,966,089		16,830,319
Dilutive effect of stock options		288,979		267,539
Common stock and common stock equivalents used for diluted earnings per share		17,255,068		17,097,858