Note 12 - Retirement Plan

12 Months Ended

Aug. 31, 2021

Notes to Financial Statements

Retirement Benefits [Text Block]

12.         RETIREMENT PLAN

The Company has a 401(k) employee savings plan. Employees who meet certain age and service requirements may elect to contribute up to 15% of their salaries. The Company typically contributes the lesser of 50% of the participant’s contributions or 3.5% of the employee’s salary. The Company recognized expense for the savings plan of $237,499 and $234,534 for fiscal 2021 and fiscal 2020, respectively.