Quarterly report pursuant to Section 13 or 15(d)

Summary of significant accounting policies (Details Narrative)

v3.8.0.1
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%.

   
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

   
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.

   
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