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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Feb. 28, 2017
Feb. 29, 2016
Cash flows from operating activities    
Net income $ 2,557,325 $ 2,251,822
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization of property and equipment 81,573 98,992
Amortization of capitalized computer software development costs 573,876 494,537
Amortization of Intellectual property 377,500 377,500
Stock-based compensation 212,486 120,249
Deferred income taxes (200,570) (162,928)
(Increase) decrease in    
Accounts receivable (1,658,702) (2,214,374)
Revenues in excess of billings (529,389) (61,433)
Prepaid income taxes 181,081 (240,116)
Prepaid expenses and other assets 114,417 72,566
Increase (decrease) in    
Accounts payable 113,244 (83,329)
Accrued payroll and other expenses 56,965 11,508
Accrued bonus (90,500) (60,500)
Billings in excess of revenues (75,027) 65,763
Accrued income taxes 0 (43,602)
Other liabilities (8,274) (9,929)
Deferred revenue 18,516 35,686
Net cash provided by operating activities 1,724,521 652,412
Cash flows used in investing activities    
Purchases of property and equipment (105,823) (2,501)
Capitalized computer software development costs (584,376) (545,223)
Net cash used in investing activities (690,199) (547,724)
Cash flows used in financing activities    
Payment of dividends (1,723,012) (1,700,700)
Proceeds from the exercise of stock options 85,217 107,730
Net cash used in financing activities (1,637,795) (1,592,970)
Net increase (decrease) in cash and cash equivalents (603,473) (1,488,282)
Cash and cash equivalents, beginning of year 8,030,284 8,551,275
Cash and cash equivalents, end of period 7,426,811 7,062,993
Supplemental disclosures of cash flow information    
Income taxes paid $ 1,204,500 $ 1,596,000