XML 14 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended 9 Months Ended
May 31, 2019
May 31, 2018
May 31, 2019
May 31, 2018
Income Statement [Abstract]        
Revenues $ 9,936,921 $ 8,553,068 $ 25,944,545 $ 22,978,565
Cost of revenues 2,324,188 2,022,972 6,734,890 5,874,062
Gross margin 7,612,733 6,530,096 19,209,655 17,104,503
Operating expenses        
Selling, general, and administrative 3,087,445 2,604,168 8,613,788 7,352,404
Research and development 643,255 508,356 1,896,926 1,353,503
Total operating expenses 3,730,700 3,112,524 10,510,714 8,705,907
Income from operations 3,882,033 3,417,572 8,698,941 8,398,596
Other income (expense)        
Interest income 11,050 7,825 20,296 18,313
Interest expense (32,702) (38,188) (109,078) (114,846)
(Loss) Income on currency exchange (7,941) 9,441 (40,467) (3,820)
Total other income (expense) (29,593) (20,922) (129,249) (100,353)
Income before provision for income taxes 3,852,440 3,396,650 8,569,692 8,298,243
Provision for income taxes (963,734) (990,613) (2,045,590) (701,415)
Net Income $ 2,888,706 $ 2,406,037 $ 6,524,102 $ 7,596,828
Earnings per share        
Basic $ 0.16 $ 0.14 $ 0.37 $ 0.44
Diluted $ 0.16 $ 0.13 $ 0.36 $ 0.43
Weighted-average common shares outstanding        
Basic 17,519,849 17,339,937 17,472,922 17,308,414
Diluted 18,096,195 17,904,428 18,008,336 17,850,171