401(k) PLAN (Details) - USD ($) |
12 Months Ended | |
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Aug. 31, 2020 |
Aug. 31, 2019 |
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401(k) PLAN [Abstract] | ||
Employer matching 401(k) contribution percentage | 1.50% | |
Employee 401(k) contribution percentage | 3.00% | |
Maximum employee contribution | $ 2,500 | |
Vesting percentage after first anniversary | 25.00% | |
Vesting percentage after second anniversary | 50.00% | |
Vesting percentage after third anniversary | 75.00% | |
Vesting percentage after fourth anniversary | 100.00% | |
Minimum age of employees to participate in 401(k) plan | 18 years | |
Minimum requisite service period to participate in 401(k) plan | 3 months | |
Total expense recorded | $ 28,900 | $ 6,000 |
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- Definition Percentage of employer's matching contributions to a defined contribution plan that vests after one year of service. No definition available.
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- Definition Percentage of employer's matching contributions to a defined contribution plan that vests after four years of service. No definition available.
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- Definition Percentage of employer's matching contributions to a defined contribution plan that vests after two years of service. No definition available.
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- Definition Percentage of employer's matching contributions to a defined contribution plan that vests after three years of service. No definition available.
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- Definition The minimum age of employees to participate in plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition The minimum service period required for employee to participate in plan, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- References No definition available.
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- Definition Amount of cost for defined contribution plan. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Percentage of employees' gross pay for which the employer contributes a matching contribution to a defined contribution plan. No definition available.
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- Definition Maximum amount the employee may contribute to a defined contribution plan. No definition available.
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- Definition Maximum percentage of employee gross pay the employee may contribute to a defined contribution plan. No definition available.
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