Quarterly report pursuant to Section 13 or 15(d)

SHAREHOLDERS' EQUITY, Combined Activity and Value of Non-vested Options (Details)

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SHAREHOLDERS' EQUITY, Combined Activity and Value of Non-vested Options (Details) - USD ($)
 3 Months Ended
Nov. 30, 2019
Nov. 30, 2018
Stock Options, Additional Disclosure [Abstract]    
Share-based compensation expense $ 105,353 $ 103,476
2004 Incentive Plan and 2014 Equity Plan [Member]    
Number of Options [Roll Forward]    
Non-vested options outstanding, beginning of period (in shares) 152,500  
Granted (in shares) [1] 130,000  
Vested (in shares) (70,000)  
Forfeited (in shares) 0  
Non-vested options outstanding, end of period (in shares) 212,500  
Weighted Average Grant Date Fair Value [Abstract]    
Non-vested options outstanding, beginning of period (in dollars per share) $ 4.03  
Granted (in dollars per share) 4.60  
Vested (in dollars per share) 3.68  
Forfeited (in dollars per share) 0  
Non-vested options outstanding, end of period (in dollars per share) $ 4.20  
Stock Options, Additional Disclosure [Abstract]    
Share-based compensation expense $ 105,353 $ 103,476
Unrecognized compensation expenses $ 713,500  
Weighted-average period for options expected to vest 2 years  
[1] Includes 50,000 shares granted to Mr. Harding on September 27, 2019 and 80,000 total shares granted to employees on September 25, 2019.