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Note 15 - Income Taxes (Tables)

12 Months Ended

Aug. 31, 2012

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		Fiscal Year Ended August 31,
		2012				2011
Current:
Federal		$	—			$	—
State			25,000				40,000
Foreign			1,015,000				344,000
			1,040,000				384,000
Deferred:
Federal			44,000				303,000
State			(43,000	)			19,000
Foreign			—				—
			1,000				322,000
		$	1,041,000			$	706,000

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Fiscal Year Ended August 31,
		2012				2011
Tax computed at statutory rates		$	1,570,000			$	1,692,000
State income tax, net of federal benefit			(17,000	)			46,000
Tax effect on equity in income (loss) of international joint ventures			(1,616,000	)			(1,705,000	)
Tax effect on dividends received from joint ventures			1,363,000				1,229,000
Benefit of foreign operations			556,000				119,000
Foreign tax credit			(1,729,000	)			(1,440,000	)
Research and development credit			(330,000	)			(205,000	)
Valuation allowance			1,177,000				896,000
Other			67,000				74,000
		$	1,041,000			$	706,000

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		August 31,
		2012				2011
Current:
Accrued bonus		$	404,100			$	—
Allowance for doubtful accounts			7,200				7,200
Inventory costs			11,900				12,600
Prepaid expenses and other			(27,300	)			(24,900	)
Other accrued expenses			96,200				122,600
Deferred joint venture expenses			104,100				104,100
Total current		$	596,200			$	221,600
Noncurrent:
Property and equipment		$	(159,500	)		$	(141,100	)
Goodwill			43,100				51,000
Other intangible assets			949,200				497,200
Nonqualified stock options			196,100				113,000
Foreign tax credit carryforward			3,438,300				3,524,300
Research and development credit			1,485,800				1,155,600
New hire retention credit			9,000				10,000
			5,962,000				5,210,000
Valuation allowance			(4,933,100	)			(3,799,300	)
Total noncurrent		$	1,028,900			$	1,410,700

Summary of Income Tax Contingencies [Table Text Block]

		Fiscal Year Ended August 31,
		2012				2011
Gross unrecognized tax benefits – beginning balance		$	131,000			$	105,000
Gross increases - prior period tax positions			-				11,000
Gross increases – current period tax positions			-				15,000
Gross unrecognized tax benefits – ending balance		$	131,000			$	131,000

X

- 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://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

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X

- 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://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

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- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 15

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Interpretation (FIN)

-Number 48

-Paragraph 21

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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