12. Pension and Profit-sharing Plans

3 Months Ended

Nov. 30, 2014

Notes

12. Pension and Profit-sharing Plans

12.          PENSION AND PROFIT-SHARING PLANS

The Company has a deferred compensation 401(k) plan for all employees with at least 12 months of service pending a semi-annual enrolment time.  The plan allows for a non-elective discretionary contribution based on the first $60,000 of eligible compensation. For the quarters ended November 30, 2014 and 2013 the 401(k) compensation expense was $33,778 and $47,754, respectively.