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2. Significant Accounting Policies: Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)
12 Months Ended
Aug. 31, 2015
Tables/Schedules  
Schedule of Earnings Per Share, Basic and Diluted

 

 

2015

 

2014

 

 

 

 

Net income

$   1,773,971

 

$   1,858,453

 

 

 

 

Basic weighted average number of common shares outstanding

2,581,850

 

2,968,220

 

 

 

 

Effect of dilutive securities

 

 

 

Stock options

-

 

-

 

 

 

 

Diluted weighted average number of common shares outstanding

2,581,850

 

2,968,220

 

 

 

 

Basic and diluted earnings per common share

$             0.69

 

$            0.63