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CONSOLIDATED BALANCE SHEETS - USD ($)
Aug. 31, 2020
Aug. 31, 2019
Current assets    
Cash and cash equivalents $ 49,207,314 $ 11,435,499
Accounts receivable, net of allowance for doubtful accounts of $50,000 and $0 7,421,970 5,026,558
Revenues in excess of billings 3,093,343 3,233,659
Prepaid income taxes 969,688 765,110
Prepaid expenses and other current assets 1,595,447 704,316
Short-term investments 66,803,595 0
Total current assets 129,091,357 21,165,142
Long-term assets    
Capitalized computer software development costs, net of accumulated amortization of $13,581,599 and $12,356,055 6,087,378 4,959,736
Property and equipment, net (note 4) 437,787 341,145
Operating lease right of use asset 926,600 0
Intellectual property, net of accumulated amortization of $5,087,031 and $3,948,750 11,897,970 5,026,249
Other intangible assets net of accumulated amortization of $1,641,725 and $1,210,000 7,008,275 3,280,000
Goodwill 12,921,185 10,387,198
Other assets 50,965 37,227
Total assets 168,421,517 45,196,697
Current liabilities    
Accounts payable 349,939 204,075
Accrued payroll and other expenses 2,250,692 1,639,038
Current portion - Contracts payable (note 6) 2,000,000 1,761,028
Billings in excess of revenues 140,991 798,549
Operating Lease Liability, current portion 463,465 0
Deferred revenue 299,482 380,787
Total current liabilities 5,504,569 4,783,477
Long-term liabilities    
Deferred income taxes, net 2,353,858 2,731,616
Operating Lease Liability 463,312 0
Payments due under Contracts payable (note 6) 4,063,833 0
Total liabilities 12,385,572 7,515,093
Commitments and Contingencies (note 7)
Shareholders' equity (note 8)    
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 19,923,277 and 17,591,834 shares issued and outstanding 9,926 7,595
Additional paid-in capital 128,531,427 15,319,474
Accumulated Other Comprehensive Income 58,467 0
Retained earnings 27,436,125 22,354,535
Total shareholders' equity 156,035,945 37,681,604
Total liabilities and shareholders' equity $ 168,421,517 $ 45,196,697