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Consolidated Balance Sheets (Current Period Unaudited) (USD $)
Feb. 28, 2014
Aug. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 6,996,127 $ 4,314,258
Receivables:    
Trade excluding joint ventures, less allowance for doubtful accounts of $40,000 at February 28, 2014 and $20,000 at August 31, 2013 3,260,411 3,329,995
Trade joint ventures 536,532 859,434
Fees for services provided to joint ventures 2,816,043 2,446,017
Income taxes 356,947 144,939
Inventories 5,370,201 5,111,549
Prepaid expenses 582,289 258,765
Deferred income taxes 467,548 467,548
Total current assets 20,386,098 16,932,505
PROPERTY AND EQUIPMENT, NET 5,431,316 5,323,612
OTHER ASSETS:    
Investments in joint ventures 22,653,710 24,702,981
Deferred income taxes 1,034,212 1,034,212
Patents and trademarks, net 1,138,698 1,060,639
Other 177,273  
Total other assets 25,003,893 26,797,832
Total assets 50,821,307 49,053,949
CURRENT LIABILITIES:    
Current portion of note payable (Note 6)   76,119
Accounts payable 1,261,616 1,830,729
Accrued liabilities:    
Payroll and related benefits 1,027,069 1,277,942
Deferred joint venture royalties 288,000 288,000
Other 118,510 189,263
Total current liabilities 2,695,195 3,662,053
NOTE PAYABLE, NET OF CURRENT PORTION (Note 6)   857,295
COMMITMENTS AND CONTINGENCIES (Note 12)      
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 11,967,414 11,701,942
Retained earnings 30,510,558 28,626,928
Accumulated other comprehensive income 933,423 316,161
Stockholders’ equity 43,500,092 40,733,672
Non-controlling interest 4,626,020 3,800,929
Total equity 48,126,112 44,534,601
Total liabilities and equity $ 50,821,307 $ 49,053,949