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v3.22.2.2

INCOME TAXES (Details) - USD ($) | 12 Months Ended
--- | ---
Aug. 31, 2022 | Aug. 31, 2021
Income Tax Expense (Benefit) [Abstract] |  |
Current income tax expense | $ 3,600,000 | $ 5,800,000
Deferred income tax expense | 500,000 | 700,000
Operating loss carryforwards utilized |  | 600,000
Unrecognized tax benefits | 0 | 0
Income Taxes Paid [Abstract] |  |
Cash paid for income taxes | 5,260,000 |
Deferred Tax Assets (Liabilities) [Abstract] |  |
Depreciation and depletion | (2,061,000) | (2,360,000)
Non-qualified stock options | 568,000 | 547,000
Accrued compensation | 279,000 | 141,000
Deferred revenues | 108,000 | 41,000
Other | 31,000 | 16,000
Net deferred tax liability | (1,075,000) | (1,615,000)
Effective Income Tax Rate Reconciliation [Abstract] |  |
Expected benefit from federal taxes at statutory rate | 2,668,000 | 5,584,000
State taxes, net of federal benefit | 456,000 | 973,000
Permanent and other differences | 4,000 | 4,000
Stock Compensation | 22,000 | (77,000)
Other | (64,000) | (4,000)
Total income tax expense | $ 3,086,000 | $ 6,480,000
Statutory federal tax rate | 21.00% | 21.00%
Net Operating Loss Carryforwards [Abstract] |  |
Net operating loss carryforwards | $ 0 | $ 0
Federal [Member] |  |
Income Taxes Paid [Abstract] |  |
Cash paid for income taxes | 4,400,000 | 0
State [Member] |  |
Income Taxes Paid [Abstract] |  |
Cash paid for income taxes | $ 900,000 | $ 0

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