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STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Aug. 31, 2017
Aug. 31, 2016
Aug. 31, 2015
Cash flows from operating activities      
Net income $ 5,787,597 $ 4,950,136 $ 3,842,961
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization of property and equipment 151,444 196,250 211,454
Amortization of capitalized computer software development costs 1,096,967 981,066 1,023,139
Amortization of Intellectual property 886,667 755,000 755,000
Change in value of contingent consideration 38,188 0 0
Stock-based compensation 585,018 347,077 295,243
Shares issued to directors for services 36,763 0 0
Deferred income taxes (178,374) (23,241) 55,919
(Increase) decrease in      
Accounts receivable (876,231) (1,415,810) 1,048,969
Revenues in excess of billings (634,409) 100,994 (238,502)
Prepaid income taxes 93,043 (555,486) 748,359
Prepaid expenses and other assets 40,528 (29,093) (104,836)
Increase (decrease) in      
Accounts payable 99,337 (101,296) 19,443
Accrued payroll and other expenses 283,831 52,030 (353,567)
Billings in excess of revenues (118,061) 123,566 (239,906)
Accrued income taxes (153,713) (43,602) 43,602
Other liabilities (8,274) (19,859) (19,860)
Deferred revenue (252,582) 97,477 48,573
Net cash provided by operating activities 6,877,739 5,415,209 7,135,991
Cash flows from investing activities      
Purchases of property and equipment (175,961) (39,121) (71,369)
Cash used to acquire subsidiaries (4,515,982) (720,000) (2,080,000)
Cash received in acquisition 1,720,434 0 190,184
Capitalized computer software development costs (1,383,711) (1,195,854) (1,168,937)
Net cash used in investing activities (4,355,220) (1,954,975) (3,130,122)
Cash flows from financing activities      
Payment of dividends (3,448,489) (3,413,274) (3,375,566)
Payments on contracts payable (1,000,000) (750,000) (750,000)
Proceeds from the exercise of stock options 111,404 182,049 57,043
Net cash used in financing activities (4,337,085) (3,981,225) (4,068,523)
Net increase (decrease) in cash and cash equivalents (1,814,566) (520,991) (62,654)
Cash and cash equivalents, beginning of year 8,030,284 8,551,275 8,614,929
Cash and cash equivalents, end of period 6,215,718 8,030,284 8,551,275
Supplemental disclosures of cash flow information      
Income taxes paid 2,687,921 2,908,587 961,907
Non-Cash Investing and Financing      
Stock issued for acquisition of Cognigen Corporation 0 1,134,404 3,277,170
Creation of contract liabilities for acquisition of subsidiaries $ 5,738,188 $ 0 $ 1,854,404