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Consolidated Balance Sheets (Unaudited) (USD $)
Feb. 28, 2013
Aug. 31, 2012
CURRENT ASSETS:    
Cash and cash equivalents $ 4,261,145 $ 4,137,547
Trade excluding joint ventures, less allowance for doubtful accounts of $20,000 at February 28, 2013 and August 31, 2012 2,752,750 2,516,961
Trade joint ventures 982,009 734,543
Fees for services provided to joint ventures 2,437,920 1,316,933
Income taxes 109,677 58,129
Inventories 5,153,531 4,151,197
Prepaid expenses 640,286 548,331
Deferred income taxes 596,085 596,085
Total current assets 16,933,403 14,059,726
PROPERTY AND EQUIPMENT, NET 4,182,735 4,288,618
OTHER ASSETS:    
Investments in joint ventures 22,189,562 21,461,492
Deferred income taxes 1,030,610 1,030,610
Patents and trademarks, net 1,027,097 961,181
Other 76,000 76,000
Total other assets 24,323,269 23,529,283
Total assets 45,439,407 41,877,627
CURRENT LIABILITIES:    
Current portion of note payable 77,090 76,120
Accounts payable 1,254,432 1,818,309
Accrued liabilities:    
Payroll and related benefits 623,830 1,565,866
Deferred joint venture royalties 288,000 288,000
Other 100,484 251,350
Total current liabilities 2,343,836 3,999,645
NOTE PAYABLE, NET OF CURRENT PORTION (Note 7) 894,384 933,413
COMMITMENTS AND CONTINGENCIES (Note 13)      
EQUITY:    
Common stock, $0.02 par value per share; authorized 10,000,000 shares; issued and outstanding 4,418,821 and 4,403,656, respectively 88,376 88,073
Additional paid-in capital 11,399,966 11,130,966
Retained earnings 26,084,067 25,260,034
Accumulated other comprehensive income 618,099 277,583
Stockholders’ equity 38,190,508 36,756,656
Non-controlling interest 4,010,679 187,913
Total equity 42,201,187 36,944,569
Total liabilities and equity $ 45,439,407 $ 41,877,627