10. ACQUISITION/MERGER WITH SUBSIDIARIES (Tables)

3 Months Ended

Nov. 30, 2017

Business Combinations [Abstract]

Allocation of purchase price

Assets acquired, including accounts receivable of $255,000 and estimated Contracts receivable of $153,000	$	2,283,110
Developed Technologies Acquired		2,850,000
Estimated value of Intangibles acquired (Customer Lists, trade name etc.)		2,840,000
Current Liabilities assumed		(911,049	)
Goodwill		5,597,950
Estimated Deferred income taxes		(2,212,160	)
Total Consideration	$	10,463,310

Schedule of statement of income

	For the quarterly period ended November 30, (in 1000’s) (Unaudited)
	(Actual)		(Pro forma)
	2017		2016
Net Sales	$	7,069	$	5,958
Net Income	$	1,716	$	1,274