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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
6 Months Ended
Feb. 28, 2018
Feb. 28, 2017
Cash flows from operating activities    
Net income $ 5,190,790 $ 2,557,325
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 1,328,170 1,032,949
Change in value of contingent consideration 76,376 0
Stock-based compensation 345,263 212,486
Deferred income taxes (1,722,587) (200,570)
(Increase) decrease in    
Accounts receivable (1,954,326) (1,658,702)
Revenues in excess of billings (356,870) (529,389)
Prepaid income taxes 326,131 181,081
Prepaid expenses and other assets 20,105 114,417
Increase (decrease) in    
Accounts payable (76,035) 113,244
Accrued payroll and other expenses (45,193) (33,535)
Billings in excess of revenues 235,407 (75,027)
Other liabilities 0 (8,274)
Deferred revenue 702,857 18,516
Net cash provided by operating activities 4,070,088 1,724,521
Cash flows used in investing activities    
Purchases of property and equipment (63,876) (105,823)
Capitalized computer software development costs (1,147,490) (584,376)
Net cash used in investing activities (1,211,366) (690,199)
Cash flows used in financing activities    
Payment of dividends (2,076,153) (1,723,012)
Payments on contracts payable (247,328) 0
Proceeds from the exercise of stock options 169,833 85,217
Net cash used in financing activities (2,153,648) (1,637,795)
Net increase (decrease) in cash and cash equivalents 705,074 (603,473)
Cash and cash equivalents, beginning of year 6,215,718 8,030,284
Cash and cash equivalents, end of year 6,920,792 7,426,811
Supplemental disclosures of cash flow information    
Income taxes paid $ 1,069,000 $ 1,204,500