Note 14 - Retirement Plan

12 Months Ended

Aug. 31, 2022

Notes to Financial Statements

Retirement Benefits [Text Block]

14.         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 $272,257 and $237,499 for fiscal 2022 and fiscal 2021, respectively.