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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Aug. 31, 2018
Income Statement [Abstract]      
Revenues $ 41,589,084 $ 33,970,440 $ 29,666,524
Cost of revenues 10,649,230 9,025,704 7,994,228
Gross margin 30,939,854 24,944,736 21,672,296
Operating expenses      
Selling, general, and administrative 16,360,053 11,796,027 9,583,852
Research and development 2,974,623 2,499,980 1,790,656
Total operating expenses 19,334,676 14,296,007 11,374,508
Income from operations 11,605,178 10,648,729 10,297,788
Other income (expense)      
Interest income 29,468 33,522 27,122
Change in value of contingent consideration (202,500) (109,078) (153,034)
(Loss) income on currency exchange (45,097) (16,697) (32,934)
Total other income (expense) (218,129) (92,253) (158,846)
Income before provision for income taxes 11,387,049 10,556,476 10,138,942
Provision for income taxes (2,054,989) (1,973,147) (1,204,130)
Net Income $ 9,332,060 $ 8,583,329 $ 8,934,812
Earnings per share      
Basic $ 0.52 $ 0.49 $ 0.52
Diluted $ 0.50 $ 0.48 $ 0.50
Weighted-average common shares outstanding      
Basic 17,819,064 17,492,258 17,328,707
Diluted 18,538,373 18,057,431 17,860,392
Other Comprehensive Income, net of tax      
Foreign currency translation adjustments $ 58,467 $ 0 $ 0
Comprehensive Income $ 9,390,527 $ 0 $ 0