XML 12 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
Nov. 30, 2017
Aug. 31, 2017
Current assets    
Cash and cash equivalents $ 7,045,756 $ 6,215,718
Accounts receivable, net of allowance for doubtful accounts of $0 5,230,824 4,048,725
Revenues in excess of billings 1,361,242 1,481,082
Prepaid income taxes 0 462,443
Prepaid expenses and other current assets 348,708 459,902
Total current assets 13,986,530 12,667,870
Long-term assets    
Capitalized computer software development costs, net of accumulated amortization of $10,080,778 and $9,795,469 4,529,380 4,307,600
Property and equipment, net (note 3) 305,634 291,135
Intellectual property, net of accumulated amortization of $2,326,459 and $2,095,417 6,598,541 6,829,583
Other intangible assets net of accumulated amortization of $584,375 and $495,000 3,905,625 3,995,000
Goodwill 10,387,198 10,387,198
Other assets 37,227 34,082
Total assets 39,750,135 38,512,468
Current liabilities    
Accounts payable 141,815 240,892
Accrued payroll and other expenses 1,085,065 983,293
Income taxes payable 404,600 0
Current portion - Contracts payable (note 4) 3,150,000 247,328
Billings in excess of revenues 602,233 216,958
Deferred revenue 270,250 353,962
Total current liabilities 5,653,963 2,042,433
Long-term liabilities    
Deferred income taxes,net 4,791,460 4,926,960
Payments due under Contracts payable (note 4) 2,626,376 5,738,188
Total liabilities 13,071,799 12,707,581
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 17,287,652 and 17,277,604 shares issued and outstanding 7,288 7,278
Additional paid-in capital 12,303,662 12,109,141
Retained earnings 14,367,386 13,688,468
Total shareholders' equity 26,678,336 25,804,887
Total liabilities and shareholders' equity $ 39,750,135 $ 38,512,468