Note 12 - Retirement Plan

12 Months Ended

Aug. 31, 2019

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

12.

       RETIREMENT PLAN

The Company has a

401

(k) employee savings plan. Employees who meet certain age and service requirements

may

elect to contribute up to

15%

of their salaries. The Company typically contributes the lesser of

50%

of the participant’s contributions or

3.5%

of the employee’s salary. The Company recognized expense for the savings plan of

$228,605

and

$219,379

for fiscal

2019

and fiscal

2018,

respectively.