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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Feb. 28, 2017
Aug. 31, 2016
Current assets    
Cash and cash equivalents $ 7,426,811 $ 8,030,284
Accounts receivable, net of allowance for doubtful accounts of $0 4,668,219 3,009,517
Revenues in excess of billings 1,223,520 694,131
Prepaid income taxes 374,405 555,486
Prepaid expenses and other current assets 296,394 410,811
Total current assets 13,989,349 12,700,229
Long-term assets    
Capitalized computer software development costs,net of accumulated amortization of $9,187,363 and $8,613,487 4,023,627 4,013,127
Property and equipment, net (note 3) 280,631 256,381
Intellectual property, net of accumulated amortization of $1,712,500 and $1,408,750 4,362,500 4,666,250
Other intangible assets net of accumulated amortization of $368,750 and $295,000 1,281,250 1,355,000
Goodwill 4,789,248 4,789,248
Other assets 34,082 34,082
Total assets 28,760,687 27,814,317
Current liabilities    
Accounts payable 221,355 108,111
Accrued payroll and other expenses 538,575 481,610
Accrued bonuses to officer 30,500 121,000
Other current liabilities 0 8,274
Current portion - Contracts payable (note 4) 1,000,000 1,000,000
Billings in excess of revenues 155,073 230,100
Deferred revenue 194,938 176,422
Total current liabilities 2,140,441 2,125,517
Long-term liabilities    
Deferred income taxes 2,755,636 2,956,206
Total liabilities 4,896,077 5,081,723
Commitments and contingencies (note 5)
Shareholders' equity (note 6)    
Preferred stock, $0.001 par value 10,000,000 shares authorized no shares issued and outstanding 0 0
Common stock, $0.001 par value 50,000,000 shares authorized 17,230,478 and 17,225,478 shares issued and outstanding 7,241 7,227
Additional paid-in capital 11,673,696 11,376,007
Retained earnings 12,183,673 11,349,360
Total shareholders' equity 23,864,610 22,732,594
Total liabilities and shareholders' equity $ 28,760,687 $ 27,814,317