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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
3 Months Ended
Nov. 30, 2017
Nov. 30, 2016
Cash flows from operating activities    
Net income $ 1,716,006 $ 1,361,565
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization of property and equipment 32,777 42,721
Amortization of capitalized computer software development costs 285,310 284,217
Amortization of Intellectual property 320,417 188,750
Change in value of contingent consideration 38,188 0
Stock-based compensation 130,221 95,860
Shares issued to directors for services 36,773 0
Deferred income taxes (135,500) (51,145)
(Increase) decrease in    
Accounts receivable (1,182,099) (407,962)
Revenues in excess of billings 119,840 (340,947)
Prepaid income taxes 462,443 555,486
Prepaid expenses and other assets 108,049 96,104
Increase (decrease) in    
Accounts payable (99,077) 103,691
Accrued payroll and other expenses 101,772 (23,983)
Billings in excess of revenues 385,275 (33,301)
Accrued income taxes 404,600 100,942
Other liabilities 0 (4,965)
Deferred revenue (83,712) (24,132)
Net cash provided by operating activities 2,641,283 1,942,901
Cash flows used in investing activities    
Purchases of property and equipment (47,276) (58,337)
Capitalized computer software development costs (507,090) (234,829)
Net cash used in investing activities (554,366) (293,166)
Cash flows used in financing activities    
Payment of dividends (1,037,088) (861,324)
Payments on contracts payable (247,328) 0
Proceeds from the exercise of stock options 27,537 25,969
Net cash used in financing activities (1,256,879) (835,355)
Net increase (decrease) in cash and cash equivalents 830,038 814,380
Cash and cash equivalents, beginning of year 6,215,718 8,030,284
Cash and cash equivalents, end of year 7,045,756 8,844,664
Supplemental disclosures of cash flow information    
Income taxes paid $ 34,500 $ 0