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Note 9 - Net Income Per Common Share - Reconciliation of the Earnings Per Share Computations (Details) - USD ($)
3 Months Ended 9 Months Ended
May 31, 2020
May 31, 2019
May 31, 2020
May 31, 2019
Net income $ (965,221) $ 1,482,149 $ 427,163 $ 4,380,776
Basic – weighted shares outstanding (in shares) 9,099,990 9,084,354 9,096,981 9,085,584
Weighted shares assumed upon exercise of stock options (in shares) 308,090 215,933 355,274
Diluted – weighted shares outstanding (in shares) 9,099,990 9,392,444 9,312,914 9,440,858
Basic net income per share: (in dollars per share) $ (0.11) $ 0.16 $ 0.05 $ 0.48
Diluted net income per share: (in dollars per share) $ (0.11) $ 0.16 $ 0.05 $ 0.46