Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Feb. 28, 2018
Feb. 28, 2017
Feb. 28, 2018
Feb. 28, 2017
Revenues (gross billings of $48.6m and $30.8 m less worksite employee payroll cost of $40.8m and $25.3m, respectively for the three months ended; gross billings of $88.8m and $65.8m less worksite employee payroll cost of $74.4m and $54.8m, respectively for six months ended) $ 7,886,459   $ 14,398,378  
Cost of Revenues 7,007,315   12,273,718  
Gross Profit 879,144   2,124,660  
Operating Expenses        
Payroll 1,372,403   2,623,188  
Commissions 338,434   610,065  
Professional fees 508,787   1,001,242  
Product development 486,354   2,386,354  
General and administrative 892,049   1,563,911  
Total Operating Expenses 3,598,027   8,184,760  
Net Loss $ (2,718,883)   $ (6,060,100)  
Net Loss per common share available to Common Shareholders:        
Basic and Diluted $ (0.09)   $ (0.21)  
Weighted Average Number of Common Shares Used in Per Share Computations:        
Basic and Diluted 28,800,630   28,792,333  
Restated [Member]        
Revenues (gross billings of $48.6m and $30.8 m less worksite employee payroll cost of $40.8m and $25.3m, respectively for the three months ended; gross billings of $88.8m and $65.8m less worksite employee payroll cost of $74.4m and $54.8m, respectively for six months ended)   $ 5,408,743   $ 11,090,419
Cost of Revenues   4,302,972   8,033,525
Gross Profit   1,105,771   3,056,894
Operating Expenses        
Payroll   906,484   1,837,475
Commissions   201,282   304,583
Professional fees   282,966   452,593
Product development    
General and administrative   675,391   1,044,496
Total Operating Expenses   2,066,123   3,639,147
Net Loss   $ (960,352)   $ (582,253)
Net Loss per common share available to Common Shareholders:        
Basic and Diluted   $ (0.04)   $ (0.02)
Weighted Average Number of Common Shares Used in Per Share Computations:        
Basic and Diluted   26,227,935   26,220,789