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INCOME TAXES (Tables) | 12 Months Ended
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Aug. 31, 2024
INCOME TAXES |
Deferred Tax Assets (Liabilities) | Significant components of the Company’s deferred tax assets as of August 31 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(In thousands) |  | August 31, 2024 |  | August 31, 2023
Deferred tax assets (liabilities): |  | ​ |  |  | ​ |
Depreciation and depletion | ​ | $ | (2,237) | ​ | $ | (2,155)
Non-qualified stock options | ​ |  | 527 | ​ |  | 484
Accrued compensation | ​ | ​ | 230 | ​ | ​ | 170
Deferred revenue | ​ | ​ | 31 | ​ | ​ | 121
Other | ​ |  | 54 | ​ |  | 28
Net deferred tax liability | ​ | $ | (1,395) | ​ | $ | (1,352)
Statutory to Effective Income Tax Reconciliation | Income taxes computed using the federal statutory income tax rate differs from the Company’s effective tax rate primarily due to the following for the fiscal years ended August 31: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended
​ |  | August 31, 2024 |  | August 31, 2023
Expected expense (benefit) from federal taxes at statutory rate of 21% | ​ | $ | 3,283 | ​ | $ | 1,306
State taxes, net of federal benefit | ​ | ​ | 559 | ​ | ​ | 201
Permanent and other differences | ​ | ​ | 148 | ​ | ​ | (57)
Stock Compensation | ​ | ​ | (14) | ​ | ​ | 12
Other | ​ | ​ | 43 | ​ | ​ | 59
Total income tax expense | ​ | $ | 4,019 | ​ | $ | 1,521

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