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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Aug. 31, 2018
Aug. 31, 2017
Aug. 31, 2016
Income Statement [Abstract]      
Revenues $ 29,666,524 $ 24,137,913 $ 19,972,079
Cost of revenues 7,994,228 6,307,800 4,601,513
Gross margin 21,672,296 17,830,113 15,370,566
Operating expenses      
Selling, general, and administrative 9,583,852 8,198,184 6,693,691
Research and development 1,790,656 1,367,645 1,445,069
Total operating expenses 11,374,508 9,565,829 8,138,760
Income from operations 10,297,788 8,264,284 7,231,806
Other income (expense)      
Interest income 27,122 15,857 18,014
Interest expense (153,034) (38,188) 0
Loss on currency exchange (32,934) (1,686) (13,428)
Total other income (expense) (158,846) (24,017) 4,586
Income before provision for income taxes 10,138,942 8,240,267 7,236,392
Provision for income taxes (1,204,130) (2,452,670) (2,286,256)
Net Income $ 8,934,812 $ 5,787,597 $ 4,950,136
Earnings per share      
Basic $ 0.52 $ 0.34 $ 0.29
Diluted $ 0.50 $ 0.33 $ 0.29
Weighted-average common shares outstanding      
Basic 17,328,707 17,239,490 17,028,566
Diluted 17,860,392 17,515,917 17,209,506