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INCOME TAXES (Tables) | 12 Months Ended
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Aug. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The components of the income tax provision for the years ended August 31, 2022, 2021, and 2020 were as follows:
(in thousands) |  | 2022 |  | 2021 |  | 2020
Current |  |  |  |  |  |
Federal |  | $ | 2,518 |  |  | $ | 1,315 |  |  | $ | 2,098 |
State |  | 611 |  |  | 450 |  |  | 478 |
Foreign |  | (228) |  |  | 166 |  |  | 39 |
Total current tax expense |  | 2,901 |  |  | 1,931 |  |  | 2,615 |
Deferred |  |  |  |  |  |
Federal |  | (4) |  |  | (379) |  |  | (428) |
State |  | (265) |  |  | (249) |  |  | (132) |
Total deferred federal and state |  | (269) |  |  | (628) |  |  | (560) |
Total |  | $ | 2,632 |  |  | $ | 1,303 |  |  | $ | 2,055 |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the expected income tax computed using the federal statutory income tax rate to the Company's effective income tax rate is as follows for the years ended August 31, 2022, 2021, and 2020:
| 2022 |  | 2021 |  | 2020
Income tax computed at federal statutory tax rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State taxes, net of federal benefit | 3.2 |  |  | 2.0 |  |  | 4.1 |
Meals & entertainment | — |  |  | — |  |  | 0.1 |
Stock-based compensation | 0.6 |  |  | (6.8) |  |  | (1.2) |
Other permanent differences | 0.4 |  |  | (0.3) |  |  | (0.3) |
Research and development credit | (2.2) |  |  | (1.6) |  |  | (2.8) |
Foreign-tax-related differences | (3.2) |  |  | (2.6) |  |  | (1.4) |
Research & credit adjustments to expense | — |  |  | 0.2 |  |  | 0.3 |
Change in prior year estimated taxes | (2.4) |  |  | (0.1) |  |  | (1.8) |
Total | 17.4 | % |  | 11.8 | % |  | 18.0 | %
Schedule of Deferred Tax Assets and Liabilities | Significant components of the Company's deferred tax assets and liabilities for income taxes for the years ended August 31, 2022, and 2021 are as follows:
(in thousands) |  | 2022 |  | 2021
Deferred tax assets: |  |  |  |
Accrued compensation |  | $ | 563 |  |  | $ | 586 |
Deferred revenue |  | 241 |  |  | 102 |
Capitalized merger costs |  | 703 |  |  | 703 |
Intellectual property |  | 7 |  |  | 7 |
Research and development credits |  | 347 |  |  | 66 |
Foreign tax credits |  | 101 |  |  | — |
State taxes |  | 128 |  |  | 72 |
Allowance for doubtful accounts |  | 3 |  |  | 20 |
State tax deferred |  | 28 |  |  | 80 |
Total deferred tax assets |  | 2,121 |  |  | 1,636 |
Less: Valuation allowance |  | — |  |  | — |
Deferred tax asset |  | 2,121 |  |  | 1,636 |
Deferred tax liabilities: |  |  |  |
Property and equipment |  | (109) |  |  | (83) |
State tax deferred |  | (30) |  |  | (26) |
Intellectual property |  | (1,139) |  |  | (1,456) |
Capitalized computer software development costs |  | (2,299) |  |  | (1,797) |
Total deferred tax liabilities |  | (3,577) |  |  | (3,362) |
Net deferred tax liabilities |  | $ | (1,456) |  |  | $ | (1,726) |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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