2. Significant Accounting Policies: Earnings Per Share (Policies)

6 Months Ended

Feb. 28, 2017

Policies

Earnings Per Share

Earnings per share

Basic earnings per common share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding in the period. Diluted earnings per common share takes into consideration common shares outstanding (computed under basic earnings per share) and potentially dilutive common shares.

The earnings per share data for the three and six month periods ended February 28, 2017 and February 29, 2016 are as follows:

	Three Month Periods to the end of February,		Six Month Periods to the end of February
	2017	2016	2017	2016
Net income	$   309,013	$  131,960	$  794,933	$   664,205
Basic weighted average number of common shares outstanding	2,286,294	2,476,832	2,286,294	2,476,832
Effect of dilutive securities
Stock options	-	-	-	-
Diluted weighted average number of common shares outstanding	2,286,294	2,476,832	2,286,294	2,476,832