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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
Feb. 28, 2018
Aug. 31, 2017
Current assets    
Cash and cash equivalents $ 6,920,792 $ 6,215,718
Accounts receivable, net of allowance for doubtful accounts of $0 6,003,051 4,048,725
Revenues in excess of billings 1,837,952 1,481,082
Prepaid income taxes 136,312 462,443
Prepaid expenses and other current assets 436,652 459,902
Total current assets 15,334,759 12,667,870
Long-term assets    
Capitalized computer software development costs, net of accumulated amortization of $10,416,501 and $9,795,469 4,834,058 4,307,600
Property and equipment, net (note 3) 288,708 291,135
Intellectual property, net of accumulated amortization of $2,557,501 and $2,095,417 6,367,499 6,829,583
Other intangible assets net of accumulated amortization of $673,750 and $495,000 3,816,250 3,995,000
Goodwill 10,387,198 10,387,198
Other assets 37,227 34,082
Total assets 41,065,699 38,512,468
Current liabilities    
Accounts payable 164,857 240,892
Accrued payroll and other expenses 938,100 983,293
Current portion - Contracts payable (note 4) 2,910,000 247,328
Billings in excess of revenues 452,365 216,958
Deferred revenue 1,056,819 353,962
Total current liabilities 5,522,141 2,042,433
Long-term liabilities    
Deferred income taxes, net 3,204,373 4,926,960
Payments due under Contracts payable (note 4) 2,904,564 5,738,188
Total liabilities 11,631,078 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 7,326 7,278
Additional paid-in capital 12,624,190 12,109,141
Retained earnings 16,803,105 13,688,468
Total shareholders' equity 29,434,621 25,804,887
Total liabilities and shareholders' equity $ 41,065,699 $ 38,512,468