XML 31 R18.htm IDEA: XBRL DOCUMENT v3.24.3
PENSION AND PROFIT-SHARING PLANS
12 Months Ended
Aug. 31, 2024
Retirement Benefits [Abstract]  
PENSION AND PROFIT-SHARING PLANS

10.       PENSION AND PROFIT-SHARING PLANS

 

The Company has a deferred compensation 401(k) plan for all employees with at least 6 months of service pending a monthly enrollment time. The plan allows for a non-elective discretionary contribution plus matching employee contributions up to a specific limit. The percentages of contribution remain the discretion of the Board and are reviewed with management annually. For the years ended August 31, 2024 and 2023 the 401(k) compensation expense was $117,319 and $344,336, respectively.