11. Pension and Profit-sharing Plans

12 Months Ended

Aug. 31, 2016

Notes

11. Pension and Profit-sharing Plans

11.          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 monthly enrollment time.  The plan allows for a non-elective discretionary contribution based on the first $60,000 of eligible compensation. For the years ended August 31, 2016 and 2015 the 401(k) compensation expense was $571,551 and $242,960, respectively.