Summary of significant accounting policies (Details Narrative) - USD ($) |
3 Months Ended | 6 Months Ended | |||
---|---|---|---|---|---|
Feb. 28, 2018 |
Feb. 28, 2017 |
Feb. 28, 2018 |
Feb. 28, 2017 |
Aug. 31, 2017 |
|
Prepaid expenses | $ 2,780,159 | $ 2,780,159 | $ 2,687,188 | ||
Federal unemployment tax description |
The reduction in the FUTA tax credit is 0.3% for the first year and an additional 0.3% (or more) for each succeeding year until the loan is repaid. The state of California faced a potential FUTA credit reduction because there was an outstanding loan balance as of January 1, 2017 in each of the years of 2011 through 2017. As a result, and because a loan balance continued as of November 10, 2017, California had a 2.1% credit reduction for 2017, for a total FUTA rate of 2.7%. |
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Tax credit reduction description |
The accrual basis of accounting been applied in the three months ended February 28, 2017, employer-side taxes would have been $2,677,641 as opposed to its current level of $2,345,233. Had the accrual basis of accounting been applied in the six months ended February 28, 2017, employer-side taxes would have been $5,290,974 as opposed to its current level of $4,813,566 |
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Workers’ compensation insurance premiums description |
The workers compensation insurance premiums were recognized on a cash basis in the three and six months ended February 28, 2017, compared to an accrual basis in the three and six months ended February 28, 2018. Had the accrual basis of accounting been applied in the three months ended February 28, 2017, workers compensation expense would have been $1,451,438 as opposed to its current level of $1,423,188. Had the accrual basis of accounting been applied in the six months ended February 28, 2017, workers compensation expense would have been $2,435,580 as opposed to its current level of $2,091,110. |
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Advertising costs | 68,087 | $ 4,067 | $ 180,250 | $ 30,249 | |
Leases terms period | 1 year | ||||
Workers' Compensation [Member] | |||||
Prepaid expenses | $ 2,300,000 | $ 2,300,000 | |||
Equipment [Member] | |||||
Property and equipment estimated useful lives | 5 years | ||||
Furniture and Fixtures [Member] | Minimum [Member] | |||||
Property and equipment estimated useful lives | 5 years | ||||
Furniture and Fixtures [Member] | Maximum [Member] | |||||
Property and equipment estimated useful lives | 7 years | ||||
Leasehold Improvements [Member] | |||||
Property and equipment estimated useful lives | 5 years | ||||
Software Development [Member] | |||||
Property and equipment estimated useful lives | 5 years |