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Consolidated Balance Sheets (Current Period Unaudited) (USD $)
Nov. 30, 2013
Aug. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 3,907,371 $ 4,314,258
Trade excluding joint ventures, less allowance for doubtful accounts of $30,000 at November 30, 2013 and $20,000 at August 31, 2013 3,627,987 3,329,995
Trade joint ventures 746,565 859,434
Fees for services provided to joint ventures 2,820,362 2,446,017
Income taxes 93,040 144,939
Inventories 5,429,207 5,111,549
Prepaid expenses 552,796 258,765
Deferred income taxes 467,548 467,548
Total current assets 17,644,876 16,932,505
PROPERTY AND EQUIPMENT, NET 5,372,969 5,323,612
OTHER ASSETS:    
Investments in joint ventures 26,628,577 24,702,981
Deferred income taxes 1,034,212 1,034,212
Patents and trademarks, net 1,097,372 1,060,639
Total other assets 28,760,161 26,797,832
Total assets 51,778,006 49,053,949
CURRENT LIABILITIES:    
Current portion of note payable (Note 7) 76,119 76,119
Accounts payable 2,381,805 1,830,729
Accrued liabilities:    
Payroll and related benefits 1,676,394 1,277,942
Deferred joint venture royalties 288,000 288,000
Other   189,263
Total current liabilities 4,422,318 3,662,053
NOTE PAYABLE, NET OF CURRENT PORTION (Note 7) 838,265 857,295
COMMITMENTS AND CONTINGENCIES (Note 13)      
EQUITY:    
Preferred stock, no par value; authorized 10,000 shares; none issued and outstanding 0 0
Common stock, $0.02 par value per share; authorized 10,000,000 shares; issued and outstanding 4,434,837 and 4,432,036, respectively 88,697 88,641
Additional paid-in capital 11,858,718 11,701,942
Retained earnings 29,485,513 28,626,928
Accumulated other comprehensive income 824,967 316,161
Stockholders’ equity 42,257,895 40,733,672
Non-controlling interest 4,259,528 3,800,929
Total equity 46,517,423 44,534,601
Total liabilities and equity $ 51,778,006 $ 49,053,949