14. UNAUDTED QUARTERLY FINANCIAL DATA

12 Months Ended

Aug. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

UNAUDTED QUARTERLY FINANCIAL DATA

The following table presents selected unaudited quarterly financial data for each full quarterly period of the years ended August 31, 2017 and 2016:

(in 1,000’s except for per share data)

	First		Second		Third		Fourth*
Year ended August 31, 2017	Quarter		Quarter		Quarter		Quarter
Revenues	$	5,418	$	5,705	$	6,749	$	6,266
Gross Profit	$	4,082	$	4,151	$	5,304	$	4,293
Net Income	$	1,362	$	1,196	$	2,080	$	1,151
Earnings per share, Basic	$	0.08	$	0.07	$	0.12	$	0.07
Earnings per share, Diluted	$	0.08	$	0.07	$	0.12	$	0.06

	First		Second		Third		Fourth
Year ended August 31, 2016	Quarter		Quarter		Quarter		Quarter
Revenues	$	4,839	$	5.164	$	6,012	$	3,958
Gross Profit	$	3,755	$	3,900	$	4,817	$	2,898
Net Income	$	1,106	$	1,145	$	1,909	$	789
Earnings per share, Basic	$	0.07	$	0.07	$	0.11	$	0.07
Earnings per share, Diluted	$	0.06	$	0.07	$	0.11	$	0.06

*On June 1, 2017 the Company acquired DILIsym Services Inc., fourth quarter revenues include their results of operations and certain expenses of acquisition.