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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
Nov. 30, 2018
Aug. 31, 2018
Current assets    
Cash and cash equivalents $ 9,352,238 $ 9,400,701
Accounts receivable, net of allowance for doubtful accounts of $0 5,287,126 5,514,528
Revenues in excess of billings 2,259,610 1,985,596
Prepaid income taxes 0 312,593
Prepaid expenses and other current assets 502,063 610,439
Total current assets 17,401,037 17,823,857
Long-term assets    
Capitalized computer software development costs, net of accumulated amortization of $11,363,375 and $11,095,903 4,549,084 5,152,594
Property and equipment, net (note 4) 302,431 335,224
Intellectual property, net of accumulated amortization of $3,251,876 and $3,019,584 5,723,124 5,905,416
Other intangible assets net of accumulated amortization of $941,875 and $852,500 3,548,125 3,637,500
Goodwill 10,387,198 10,387,198
Other assets 37,227 37,227
Total assets 41,948,226 43,279,016
Current liabilities    
Accounts payable 218,151 351,605
Accrued payroll and other expenses 1,218,068 1,152,176
Income taxes payable 168,220 0
Current portion - Contracts payable (note 5) 2,750,000 2,556,644
Billings in excess of revenues 271,937 384,603
Deferred revenue 453,984 381,928
Total current liabilities 5,080,360 4,826,956
Long-term liabilities    
Deferred income taxes, net 2,922,457 3,195,139
Payments due under Contracts payable (note 5) 1,622,484 3,334,296
Total liabilities 9,625,301 11,356,391
Shareholders' equity (note 7)    
Preferred stock, $0.001 par value 10,000,000 shares authorized no shares issued and outstanding 0 0
Common stock, $0.001 par value 50,000,000 shares authorized 17,459,770 and 17,416,445 shares issued and outstanding 7,461 7,417
Additional paid-in capital 14,055,994 13,453,668
Retained earnings 18,259,470 18,461,540
Total shareholders' equity 32,322,925 31,922,625
Total liabilities and shareholders' equity $ 41,948,226 $ 43,279,016