7. SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Aug. 31, 2018

Equity [Abstract]

Schedule of dividends declared and paid

FY2016

Record Date	Distribution Date	Number of Shares Outstanding on Record Date		Dividend per Share		Total Amount
11/09/2015	11/16/2015		16,996,001	$	0.05	$	849,800
1/29/2016	2/05/2016		17,018,001		0.05		850,900
5/02/2016	5/09/2016		17,029,501		0.05		851,475
8/11/2016	8/18/2016		17,221,978	$	0.05		861,099
Total						$	3,413,274

FY2017

Record Date	Distribution Date	Number of Shares Outstanding on Record Date		Dividend per Share		Total Amount
11/10/2016	11/17/2016		17,226,478	$	0.05	$	861,324
1/30/2017	2/06/2017		17,233,758		0.05		861,688
5/08/2017	5/15/2017		17,240,626		0.05		862,031
7/28/2017	8/04/2017		17,268,920	$	0.05		863,446
Total						$	3,448,489

FY2018

Record Date	Distribution Date	Number of Shares Outstanding on Record Date		Dividend per Share		Total Amount
11/13/2017	11/20/2017		17,284,792	$	0.06	$	1,037,088
1/26/2018	2/2/2018		17,317,752		0.06		1,039,065
4/25/2018	5/2/2018		17,354,005		0.06		1,041,240
7/26/2018	8/2/2018		17,405,775	$	0.06		1,044,347
Total						$	4,161,740

Schedule of stock option activity

Transactions in FY16	Number of Options			Weighted-Average Exercise Price Per Share		Weighted-Average Remaining Contractual Life
Outstanding, August 31, 2015		670,350		$	5.05		6.57
Granted		427,100			9.67
Exercised		(112,463	)		1.67
Canceled/Forfeited		(27,487	)		7.66
Expired		(10,000	)		1.13
Outstanding, August 31, 2016		947,500		$	7.50		7.73
Vested and Exercisable, August 31, 2016		279,880		$	4.96		5.40
Vested and Expected to Vest, August 31, 2016		862,529		$	7.37		7.61

Transactions in FY17	Number of Options			Weighted-Average Exercise Price Per Share		Weighted-Average Remaining Contractual Life
Outstanding, August 31, 2016		947,500		$	7.50		7.73
Granted		434,916			10.18
Exercised		(49,642	)		3.56
Cancelled/Forfeited		(83,648	)		8.68
Outstanding, August 31, 2017		1,249,126		$	8.51		7.74
Exercisable, August 31, 2017		401,485		$	6.45		5.59
Vested and Expected to Vest, August 31, 2017		1,144,405		$	8.41		7.63

Transactions in FY18	Number of Options			Weighted-Average Exercise Price Per Share		Weighted-Average Remaining Contractual Life
Outstanding, August 31, 2017		1,249,126		$	8.51		7.74
Granted		52,000			22.36
Exercised		(130,006	)		5.97
Canceled/Forfeited		(30,144	)		9.10
Expired		(6,000	)		5.06
Outstanding, August 31, 2018		1,134,976		$	9.44		7.31
Vested and Exercisable, August 31, 2018		483,696		$	7.79		6.48
Vested and Expected to Vest, August 31, 2018		1,069,807		$	9.35		7.26

Intrinsic Value of options outstanding and options exercisable

	Intrinsic Value of Options Outstanding		Intrinsic Value of Options Exercisable		Intrinsic Value of Options Exercised
FY16	$	1,500,659	$	1,025,718	$	853,423
FY17	$	7,479,068	$	3,232,356	$	479,713
FY18	$	13,064,884	$	6,315,086	$	1,495,313

Schedule of options by exercise price range

Exercise Price				Awards Outstanding						Awards Exercisable
Low		High		Quantity		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Quantity		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price
$	1.00	$	4.00		36,000		0.6 years	$	1.00		36,000		.6 years	$	1.00
$	4.01	$	8.00		286,020		6.0 years	$	6.80		223,030		6.0 years	$	6.78
$	8.01	$	12.00		748,040		8.0 years	$	9.87		220,500		7.8 years	$	9.80
$	12.01	$	16.00		12,916		9.0 years	$	14.44		4,166		9.0 years	$	14.46
$	16.01	$	20.00		12,000		4.2 years	$	17.71		0			$	0.00
$	20.01	$	23.75		40,000		9.8 years	$	23.75		0			$	0.00
					1,134,976		7.31 years	$	9.44		483,696		6.48 years	$	7.79