Impact of New Accounting Pronouncements Adopted [Text Block] |
The impact of adoption as of September 1, 2018 of FASB ASU No. 2014-09 (Topic 606) and No. 2016-16 (Topic 740) on our Consolidated Balance Sheets was as follows: | | | | | | | | | | | | | | | | | | Balance as of August 31, 2018 | | Adjustments Due to ASU 2014-09 (Topic 606) | | Adjustments Due to ASU 2016-16 (Topic 740) | | Balance as of September 1, 2018 | Balance Sheet | | | | | | | | CURRENT ASSETS | | | | | | | | Receivables from clients, net | $ | 4,996,454 |
| | $ | 2,100,402 |
| | $ | — |
| | $ | 7,096,856 |
| Unbilled services, net | 2,499,914 |
| | (2,499,914 | ) | | — |
| | — |
| Contract assets | — |
| | 547,809 |
| | — |
| | 547,809 |
| Receivables and contract assets | $ | 7,496,368 |
| | $ | 148,297 |
| | $ | — |
| | $ | 7,644,665 |
| NON-CURRENT ASSETS | | | | | | | | Unbilled services, net | $ | 23,036 |
| | $ | (23,036 | ) | | $ | — |
| | $ | — |
| Contract assets | — |
| | 23,036 |
| | — |
| | 23,036 |
| Deferred contract costs | 705,124 |
| | (2,867 | ) | | — |
| | 702,257 |
| Deferred income taxes, net | 2,086,807 |
| | 3,071 |
| | 2,144,427 |
| | 4,234,305 |
| | | | | | | | | CURRENT LIABILITIES | | | | | | | | Deferred revenues | 2,837,682 |
| | 154,952 |
| | — |
| | 2,992,634 |
| SHAREHOLDERS' EQUITY | | | | | | | | Retained earnings | 7,952,413 |
| | (6,451 | ) | | 2,144,427 |
| | 10,090,389 |
|
|