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Note 15 - Income Taxes (Tables)

12 Months Ended

Aug. 31, 2014

Income Tax Disclosure [Abstract]

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

		Fiscal Year Ended August 31,
		2014				2013
Current:
Federal		$	—			$	—
State			19,000				8,000
Foreign			1,200,000				731,000
			1,219,000				739,000
Deferred:
Federal			(89,000	)			118,000
State			(6,000	)			7,000
Foreign			—				—
			(95,000	)			125,000
		$	1,124,000			$	864,000

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

		Fiscal Year Ended August 31,
		2014				2013
Tax computed at statutory rates		$	2,265,000			$	1,910,000
State income tax, net of federal benefit			13,000				15,000
Tax effect on equity in (income) loss of international joint ventures			(2,055,000	)			(1,781,000	)
Tax effect on dividends received from joint ventures			3,285,000				1,732,000
Tax effect of foreign operations			1,131,000				807,000
Foreign tax credit			(3,710,000	)			(2,524,000	)
Research and development credit			(88,000	)			(364,000	)
Valuation allowance			687,000				1,635,000
Tax-exempt income			-				(230,000	)
Non-controlling interest in partnership income			(440,000	)			(425,000	)
Other			36,000				89,000
		$	1,124,000			$	864,000

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

		August 31,
		2014				2013
Current:
Accrued bonus		$	524,000			$	277,300
Allowance for doubtful accounts			14,500				7,200
Inventory costs			100,800				24,600
Prepaid expenses and other			(40,600	)			(31,200	)
Other accrued expenses			86,800				85,500
Deferred joint venture expenses			104,100				104,100
Total current		$	789,600			$	467,500
Noncurrent:
Property and equipment		$	(171,200	)		$	(165,100	)
Goodwill			27,300				35,200
Other intangible assets			825,200				914,000
Nonqualified stock options			260,400				248,500
Capital loss carryforward			50,900				-
Foreign tax credit carryforward			4,141,100				4,253,900
Research and development credit			1,910,800				1,823,200
New hire retention credit			10,600				10,600
			7,055,100				7,120,300
Valuation allowance			(6,113,400	)			(6,086,100	)
Total noncurrent		$	941,700			$	1,034,200

Summary of Income Tax Contingencies [Table Text Block]

		Fiscal Year Ended August 31,
		2014				2013
Gross unrecognized tax benefits – beginning balance		$	170,000			$	131,000
Gross increases - prior period tax positions			2,000				19,000
Gross increases – current period tax positions			8,000				20,000
Gross unrecognized tax benefits – ending balance		$	180,000			$	170,000

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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.

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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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