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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended 9 Months Ended
May 31, 2018
May 31, 2017
May 31, 2018
May 31, 2017
Income Statement [Abstract]        
Net revenues $ 8,553,068 $ 6,748,518 $ 22,978,565 $ 17,872,044
Cost of revenues 2,022,972 1,444,764 5,874,062 4,334,699
Gross margin 6,530,096 5,303,754 17,104,503 13,537,345
Operating expenses        
Selling, general, and administrative 2,604,168 1,954,871 7,352,404 5,766,563
Research and development 508,356 253,799 1,353,503 952,635
Total operating expenses 3,112,524 2,208,670 8,705,907 6,719,198
Income from operations 3,417,572 3,095,084 8,398,596 6,818,147
Other income (expense)        
Interest income 7,825 4,663 18,313 13,548
Interest expense (38,188) 0 (114,846) 0
Gain (loss) on currency exchange 9,441 (14,913) (3,820) 5,573
Total other income (expense) (20,922) (10,250) (100,353) 19,121
Income before provision for income taxes 3,396,650 3,084,834 8,298,243 6,837,268
Benefit (Provision) for income taxes (990,613) (1,004,805) (701,415) (2,199,914)
Net Income $ 2,406,037 $ 2,080,029 $ 7,596,828 $ 4,637,354
Earnings per share        
Basic $ 0.14 $ 0.12 $ 0.44 $ 0.27
Diluted $ 0.13 $ 0.12 $ 0.43 $ 0.27
Weighted-average common shares outstanding        
Basic 17,339,937 17,241,891 17,308,414 17,233,470
Diluted 17,904,428 17,585,528 17,850,171 17,454,864