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Consolidated Balance Sheets - USD ($)
Aug. 31, 2015
Aug. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 2,623,981 $ 2,477,017
Available for sale securities 2,027,441 5,519,766
Trade excluding joint ventures, less allowance for doubtful accounts of $40,000 at both August 31, 2015 and 2014 4,027,167 3,596,247
Trade joint ventures 645,377 951,286
Fees for services provided to joint ventures 1,449,162 2,612,899
Income taxes 198,462 762
Inventories 7,468,441 5,961,399
Prepaid expenses 411,473 411,226
Deferred income taxes 424,108 789,364
Total current assets 19,275,612 22,319,966
Total long-lived assets 7,293,163 6,477,987
OTHER ASSETS:    
Investments in joint ventures 20,544,238 $ 22,961,989
Investments at carrying value (Note 8) 1,883,668
Deferred income taxes 1,176,012 $ 943,279
Patents and trademarks, net 1,262,219 1,197,700
Other 130,736 156,854
Total other assets 24,996,873 25,259,822
Total assets 51,565,648 54,057,775
CURRENT LIABILITIES:    
Accounts payable 2,101,175 2,225,029
Accrued liabilities:    
Payroll and related benefits 1,056,257 1,847,246
Other 514,409 394,380
Total current liabilities $ 3,671,841 $ 4,466,655
COMMITMENTS AND CONTINGENCIES (Note 18)
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 4,539,045 and 4,504,552, respectively 90,781 90,092
Additional paid-in capital 13,441,264 12,676,546
Retained earnings 34,522,871 32,733,300
Accumulated other comprehensive income (loss) (3,180,811) 253,925
Stockholders’ equity 44,874,105 45,753,863
Non-controlling interests 3,019,702 3,837,257
Total equity 47,893,807 49,591,120
Total liabilities and equity $ 51,565,648 $ 54,057,775