10. ACQUISITION/MERGER WITH SUBSIDIARIES (Tables)

9 Months Ended

May 31, 2018

Business Combinations [Abstract]

Allocation of purchase price

Assets acquired, including accounts receivable of $255,000 and estimated Contracts receivable of $153,000	$	2,298,569
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 three-month period ended				For the nine-month period ended
	May 31, (in 1000’s) (Unaudited)				May 31, (in 1000’s) (Unaudited)
	(Actual)		(Pro forma)		(Actual)		(Pro forma)
	2018		2017		2018		2017
Net Sales	$	8,553	$	8,340	$	22,979	$	20,918
Net Income	$	2,406	$	2,563	$	7,597	$	5,090