Subsequent Event

3 Months Ended

Nov. 30, 2018

Subsequent Event [Abstract]

Subsequent Event

NOTE 10 – SUBSEQUENT EVENT

On December 5, 2018, we entered into an agreement to purchase the outstanding equity of the existing licensee that serves Germany, Switzerland, and Austria.  We intend to transition the licensee operation to a directly owned office similar to the fiscal 2017 transition of the licensee operation in China to a directly owned office.  The purchase price was $0.2 million, plus additional costs for severance, legal, and other related acquisition expenses.  These additional costs are expected to total approximately $0.8 million and they will be expensed as incurred in selling, general, and administrative expense.  The acquisition of this licensee is not expected to generate a material amount of intangible assets and there is no contingent consideration associated with the purchase.  This acquisition will provide us with the opportunity to operate directly owned offices in four of the top global economic markets and is expected to provide future growth opportunities.