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CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($)
Common Stock
Additional Paid-In Capital
Retained Earnings
Total
Beginning balance, shares at Aug. 31, 2018 17,416,445      
Beginning balance, value at Aug. 31, 2018 $ 7,417 $ 13,453,668 $ 18,461,540 $ 31,922,625
Cumulative Effect of Changes related to adoption of ASC 606 at Nov. 30, 2018     (493,279) (493,279)
Exercise of stock options, shares 41,103      
Exercise of stock options, amount $ 42 357,410   357,452
Stock-based compensation   200,029   200,029
Shares issued to Directors for services, shares 2,222      
Shares issued to Directors for services, value $ 2 44,904   44,906
Declaration of dividends     (1,045,073) (1,045,073)
Net income     1,535,947 1,535,947
Ending balance, shares at Nov. 30, 2018 17,459,770      
Ending balance, value at Nov. 30, 2018 $ 7,461 14,056,011 18,459,135 32,522,607
Exercise of stock options, shares 37,680      
Exercise of stock options, amount $ 38 121,912   121,950
Stock-based compensation   208,715   208,715
Shares issued to Directors for services, shares 2,508      
Shares issued to Directors for services, value $ 4 48,954   48,958
Declaration of dividends     (1,048,887) (1,048,887)
Net income     2,099,449 2,099,449
Ending balance, shares at Feb. 28, 2019 17,499,958      
Ending balance, value at Feb. 28, 2019 $ 7,503 14,435,592 19,509,697 33,952,792
Exercise of stock options, shares 25,849      
Exercise of stock options, amount $ 26 103,747   103,773
Stock-based compensation   224,654   224,654
Shares issued to Directors for services, shares 2,176      
Shares issued to Directors for services, value $ 2 49,023   49,025
Declaration of dividends     (1,050,914) (1,050,914)
Net income     2,888,706 2,888,706
Ending balance, shares at May. 31, 2019 17,527,983      
Ending balance, value at May. 31, 2019 $ 7,531 14,813,016 21,347,489 36,168,036
Exercise of stock options, shares 62,071      
Exercise of stock options, amount $ 62 204,910   204,972
Stock-based compensation   232,450   232,450
Shares issued to Directors for services, shares 1,780      
Shares issued to Directors for services, value $ 2 69,098   69,100
Declaration of dividends     (1,052,181) (1,052,181)
Net income     2,059,227 2,059,227
Ending balance, shares at Aug. 31, 2019 17,591,834      
Ending balance, value at Aug. 31, 2019 $ 7,595 15,319,474 22,354,535 37,681,604
Exercise of stock options, shares 29,445      
Exercise of stock options, amount $ 29 135,529   135,558
Stock-based compensation   294,704   294,704
Shares issued to Directors for services, shares 2,045      
Shares issued to Directors for services, value $ 2 72,411   72,413
Declaration of dividends     (1,056,379) (1,056,379)
Net income     2,058,277 2,058,277
Ending balance, shares at Nov. 30, 2019 17,623,324      
Ending balance, value at Nov. 30, 2019 $ 7,626 $ 15,822,118 $ 23,356,433 $ 39,186,177