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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Nov. 30, 2016
Nov. 30, 2015
Cash flows from operating activities    
Net income $ 1,361,565 $ 1,106,473
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization of property and equipment 42,721 50,218
Amortization of capitalized computer software development costs 284,217 247,268
Amortization of Intellectual property 188,750 188,750
Stock-based compensation 95,860 63,962
Deferred income taxes (51,145) (17,361)
(Increase) decrease in    
Accounts receivable (407,962) (2,448,729)
Revenues in excess of billings (340,947) 52,186
Prepaid income taxes 555,486 0
Prepaid expenses and other assets 96,104 118,656
Increase (decrease) in    
Accounts payable 103,691 (119,252)
Accrued payroll and other expenses 81,767 72,355
Accrued bonus (105,750) (90,750)
Billings in excess of revenues (33,301) 105,184
Accrued income taxes 100,942 341,493
Other liabilities (4,965) (4,965)
Deferred revenue (24,132) (25,633)
Net cash provided by (used in) operating activities 1,942,901 (360,145)
Cash flows from investing activities    
Purchases of property and equipment (58,337) (1,207)
Capitalized computer software development costs (234,829) (267,300)
Net cash used in investing activities (293,166) (268,507)
Cash flows from financing activities    
Payment of dividends (861,324) (849,800)
Proceeds from the exercise of stock options 25,969 81,690
Net cash used in financing activities (835,355) (768,110)
Net increase (decrease) in cash and cash equivalents 814,380 (1,396,762)
Cash and cash equivalents, beginning of year 8,030,284 8,551,275
Cash and cash equivalents, end of period 8,844,664 5,791,177
Supplemental disclosures of cash flow information    
Income taxes paid $ 0 $ 285,500