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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
6 Months Ended
Feb. 28, 2019
Feb. 28, 2018
Cash flows from operating activities    
Net income $ 3,635,396 $ 5,190,790
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 1,392,763 1,328,170
Change in value of contingent consideration 76,376 76,376
Stock-based compensation 502,605 345,263
Deferred income taxes (149,623) (1,722,587)
(Increase) decrease in    
Accounts receivable (713,027) (1,954,326)
Revenues in excess of billings (278,922) (356,870)
Prepaid income taxes 312,593 326,131
Prepaid expenses and other assets 91,927 20,105
Increase (decrease) in    
Accounts payable (61,861) (76,035)
Accrued payroll and other expenses (16,597) (45,193)
Billings in excess of revenues 574,345 235,407
Accrued income taxes 106,845 0
Deferred revenue 214,897 702,857
Net cash provided by operating activities 5,687,717 4,070,088
Cash flows used in investing activities    
Purchases of property and equipment (33,394) (63,876)
Purchases of intellectual property (50,000) 0
Capitalized computer software development costs (939,869) (1,147,490)
Net cash used in investing activities (1,023,263) (1,211,366)
Cash flows used in financing activities    
Payment of dividends (2,093,960) (2,076,153)
Payments on Contracts Payable (2,556,644) (247,328)
Proceeds from the exercise of stock options 479,402 169,833
Net cash used in financing activities (4,171,202) (2,153,648)
Net increase (decrease) in cash and cash equivalents 493,252 705,074
Cash and cash equivalents, beginning of year 9,400,701 6,215,718
Cash and cash equivalents, end of period 9,893,953 6,920,792
Supplemental disclosures of cash flow information    
Income taxes paid $ 781,838 $ 1,069,000