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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Nov. 30, 2019
Nov. 30, 2018
Income Statement [Abstract]    
Revenues $ 9,401,103 $ 7,535,903
Cost of revenues 2,642,908 2,200,371
Gross margin 6,758,195 5,335,532
Operating expenses    
Selling, general, and administrative 3,513,361 2,719,151
Research and development 526,352 529,636
Total operating expenses 4,039,713 3,248,787
Income from operations 2,718,482 2,086,745
Other income (expense)    
Interest income 11,274 3,672
Interest expense 0 (38,188)
(Loss) income on currency exchange 3,711 (30,611)
Total other income (expense) 14,985 (65,127)
Income before provision for income taxes 2,733,467 2,021,618
Provision for income taxes (675,190) (485,671)
Net Income $ 2,058,277 $ 1,535,947
Earnings per share    
Basic $ 0.12 $ 0.09
Diluted $ 0.11 $ 0.09
Weighted-average common shares outstanding    
Basic 17,608,991 17,421,838
Diluted 18,306,998 17,997,735