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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
9 Months Ended
May 31, 2016
May 31, 2015
Cash flows from operating activities    
Net income $ 4,161,161 $ 3,351,558
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization of property and equipment 148,442 168,585
Amortization of capitalized computer software development costs 735,579 748,730
Amortization of Intellectual property 566,250 566,250
Stock-based compensation 234,616 230,501
Deferred income taxes (4,910) 377,666
(Increase) decrease in    
Accounts receivable (2,988,866) (1,347,791)
Revenues in excess of billings (244,772) (368,170)
Prepaid income taxes (108,690) 748,359
Prepaid expenses and other assets 93,554 7,106
Increase (decrease) in    
Accounts payable (24,411) (56,838)
Accrued payroll and other expenses 81,212 (357,397)
Accrued bonus (30,250) (48,000)
Billings in excess of revenues 5,911 (253,318)
Accrued income taxes (43,602) 178,894
Other liabilities (14,894) (14,895)
Deferred revenue 182,321 11,796
Net cash provided by (used in) operating activities 2,748,651 3,943,036
Cash flows from investing activities    
Purchases of property and equipment (32,317) (35,620)
Cash used to purchase Cognigen 0 (2,080,000)
Cash received in acquisition 0 190,184
Capitalized computer software development costs (815,582) (976,350)
Net cash provided by (used in) investing activities (847,899) (2,901,786)
Cash flows from financing activities    
Payment of dividends (2,552,175) (2,528,416)
Payments on contracts payable (750,000) (750,000)
Proceeds from the exercise of stock options 129,831 50,833
Net cash (used in) financing activities of continuing operations (3,172,344) (3,227,583)
Net increase (decrease) in cash and cash equivalents (1,271,592) (2,186,333)
Cash and cash equivalents, beginning of year 8,551,275 8,614,929
Cash and cash equivalents, end of period 7,279,683 6,428,596
Supplemental disclosures of cash flow information    
Interest paid 0 0
Income taxes paid 2,186,159 320,707
Non-Cash Investing and Financing    
Stock issued for acquisition of Cognigen Corporation 0 3,277,170
Creation of contract liability for acquisition of Cognigen Corporation $ 0 $ 1,854,404