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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Feb. 29, 2020
Feb. 28, 2019
Feb. 29, 2020
Feb. 28, 2019
Income Statement [Abstract]        
Revenues $ 10,349,863 $ 8,471,720 $ 19,750,968 $ 16,007,623
Cost of revenues 2,666,388 2,207,831 5,309,297 4,406,952
Gross margin 7,683,475 6,263,889 14,441,671 11,600,671
Operating expenses        
Selling, general, and administrative 4,110,018 2,809,691 7,623,381 5,530,093
Research and development 747,612 724,034 1,273,965 1,253,670
Total operating expenses 4,857,630 3,533,725 8,897,346 6,783,763
Income from operations 2,825,845 2,730,164 5,544,325 4,816,908
Other income (expense)        
Interest income 12,073 5,573 23,349 9,245
Interest expense 0 (38,188) 0 (76,376)
(Loss) income on currency exchange (1,825) (1,916) 1,886 (32,526)
Total other income (expense) 10,248 (34,531) 25,235 (99,657)
Income before provision for income taxes 2,836,093 2,695,633 5,569,560 4,717,251
Provision for income taxes (686,013) (596,184) (1,361,203) (1,081,855)
Net Income $ 2,150,080 $ 2,099,449 $ 4,208,357 $ 3,635,396
Earnings per share        
Basic $ 0.12 $ 0.12 $ 0.24 $ 0.21
Diluted $ 0.12 $ 0.12 $ 0.23 $ 0.20
Weighted-average common shares outstanding        
Basic 17,638,406 17,476,603 17,623,699 17,449,069
Diluted 18,315,824 18,002,741 18,305,645 17,984,078