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Note 15 - Income Taxes (Tables)

12 Months Ended

Aug. 31, 2013

Income Tax Disclosure [Abstract]

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

		Fiscal Year Ended August 31,
		2013				2012
Current:
Federal		$	—			$	—
State			8,000				25,000
Foreign			731,000				1,015,000
			739,000				1,040,000
Deferred:
Federal			118,000				44,000
State			7,000				(43,000	)
Foreign			—				—
			125,000				1,000
		$	864,000			$	1,041,000

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

		Fiscal Year Ended August 31,
		2013				2012
Tax computed at statutory rates		$	1,910,000			$	1,570,000
State income tax, net of federal benefit			15,000				(17,000	)
Tax effect on equity in (income) loss of international joint ventures			(1,781,000	)			(1,616,000	)
Tax effect on dividends received from joint ventures			1,732,000				1,363,000
Tax effect of foreign operations			807,000				556,000
Foreign tax credit			(2,524,000	)			(1,729,000	)
Research and development credit			(364,000	)			(330,000	)
Valuation allowance			1,635,000				1,177,000
Tax-exempt income			(230,000	)			—
Non-controlling interest in partnership income			(425,000	)			—
Other			89,000				67,000
		$	864,000			$	1,041,000

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

		August 31,
		2013				2012
Current:
Accrued bonus		$	277,300			$	404,100
Allowance for doubtful accounts			7,200				7,200
Inventory costs			24,600				11,900
Prepaid expenses and other			(31,200	)			(27,300	)
Other accrued expenses			85,500				96,200
Deferred joint venture expenses			104,100				104,000
Total current		$	467,500			$	596,100
Noncurrent:
Property and equipment		$	(165,100	)		$	(159,500	)
Goodwill			35,200				43,100
Other intangible assets			914,000				949,200
Nonqualified stock options			248,500				196,100
Foreign tax credit carryforward			4,253,900				3,438,300
Research and development credit			1,823,200				1,485,800
New hire retention credit			10,600				10,700
			7,120,300				5,963,700
Valuation allowance			(6,086,100	)			(4,933,100	)
Total noncurrent		$	1,034,200			$	1,030,600

Summary of Income Tax Contingencies [Table Text Block]

		Fiscal Year Ended August 31,
		2013				2012
Gross unrecognized tax benefits – beginning balance		$	131,000			$	131,000
Gross increases - prior period tax positions			19,000				—
Gross increases – current period tax positions			20,000				—
Gross unrecognized tax benefits – ending balance		$	170,000			$	131,000

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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

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

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-Section 50

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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.

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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.

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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.

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