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

6 Months Ended

Feb. 29, 2020

Policies

Earnings Per Share

(Loss) earnings per share

Basic earnings per common share is computed by dividing net income or loss 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 (loss) earnings per share data for the three and six month periods ended February 29, 2020 and February 28, 2019 are as follows:

	Three Month Periods at the end of February,				Six Month Periods at the end of February,
	2020		2019		2020		2019
Net (loss) income	$	(174,262)	$	119,629	$	(180,884)	$	469,323
Basic weighted average number of common shares outstanding		3,562,630		4,218,348		3,811,956		4,218,672
Effect of dilutive securities
Stock options		-		-		-		-
Diluted weighted average number of common shares outstanding		3,562,630		4,218,348		3,811,956		4,218,672

Comprehensive income

The Company has no items of other comprehensive income in any year presented.  Therefore, net income presented in the consolidated statements of operations equals comprehensive income.