XML 41 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
 6 Months Ended
Feb. 28, 2014
Feb. 28, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,688,487 $ 1,503,691
Stock-based compensation 236,623 137,550
Depreciation expense 217,620 211,874
Amortization expense 42,819 35,122
Loss on disposal of assets 2,178 13,845
Equity in income from joint ventures (2,823,199) (2,292,734)
Increase in allowance on doubtful accounts 20,000  
Receivables:    
Trade, excluding joint ventures 64,392 (223,731)
Trade, joint ventures 322,902 (247,466)
Fees for services provided to joint ventures (370,026) 221,099
Income taxes (209,797) (51,111)
Inventories (246,686) (990,720)
Prepaid expenses and other (500,213) (91,869)
Accounts payable (578,103) (574,037)
Income tax payable (835) (2,748)
Accrued liabilities (330,206) (1,094,446)
Net cash used in operating activities (1,464,042) (3,445,681)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from the sale of investment in joint venture 245,594  
Dividends received from joint ventures 5,217,878 2,953,435
Additions to property and equipment (325,051) (102,259)
Effect of subsidiary consolidation on cash   1,612,768
Additions to patents (121,351) (114,882)
Net cash provided by investing activities 5,017,070 4,349,062
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of note payable (933,414) (38,059)
Dividend received by non-controlling interest   (872,841)
Investment by non-controlling interest 30,866  
Proceeds from employee stock purchase plan 21,255 28,938
Proceeds from exercise of stock options 7,650 102,815
Net cash used in financing activities (873,643) (779,147)
EFFECT OF EXCHANGE RATE CHANGES ON CASH: 2,484 (636)
NET INCREASE IN CASH AND CASH EQUIVALENTS 2,681,869 123,598
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 4,314,258 4,137,547
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 6,996,127 $ 4,261,145