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Note 12 - Geographic and Segment Information
 9 Months Ended
May. 31, 2015
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
12. 
GEOGRAPHIC AND SEGMENT INFORMATION

Net sales by geographic location as a percentage of total consolidated net sales for the three and nine months ended May 31, 2015 and 2014 were as follows:

   
Three Months Ended
   
Nine Months Ended
 
   
May 31, 2015
   
May 31, 2014
   
May 31, 2015
   
May 31, 2014
 
Inside the U.S.A. to unaffiliated customers
    63.0 %     69.0 %     63.8 %     67.4 %
Outside the U.S.A to:
                               
Joint ventures in which the Company is a shareholder directly and indirectly
    7.3 %     13.6 %     11.7 %     12.4 %
Unaffiliated customers
    29.7 %     17.4 %     24.5 %     20.2 %
      100.0 %     100.0 %     100.0 %     100.0 %

Net sales by geographic location are based on the location of the customer.

Fees for services provided to joint ventures accounted for under the equity method by geographic location as a percentage of total fees for services provided to joint ventures during the three and nine months ended May 31, 2015 and 2014 were as follows:

   
Three Months Ended
 
   
May 31,
2015
   
% of Total Fees for Services Provided to Joint Ventures
   
May 31,
2014
   
% of Total Fees for Services Provided to Joint Ventures
 
Germany
  $ 219,182       16.8 %   $ 257,215       12.8 %
Poland
    149,771       11.5 %     152,157       7.6 %
Thailand
    128,164       9.8 %     148,113       7.4 %
Japan
    124,772       9.6 %     170,079       8.5 %
France
    108,788       8.4 %     139,719       7.0 %
Sweden
    103,234       7.9 %     130,613       6.5 %
United Kingdom
    93,229       7.2 %     127,697       6.4 %
Finland
    74,711       5.7 %     87,416       4.4 %
India
    72,285       5.5 %     204,777       10.2 %
China
    —       0.0 %     478,979       23.9 %
Other
    229,828       17.6 %     104,840       5.3 %
    $ 1,303,964       100.0 %   $ 2,001,775       100.0 %

   
Nine Months Ended
 
   
May 31,
2015
   
% of Total Fees for Services Provided to Joint Ventures
   
May 31,
2014
   
% of Total Fees for Services Provided to Joint Ventures
 
Germany
  $ 660,135       14.9 %   $ 784,326       12.7 %
China
    516,139       11.6 %     1,590,612       25.8 %
Poland
    437,607       9.9 %     469,242       7.6 %
Thailand
    425,316       9.6 %     431,112       7.0 %
Japan
    409,316       9.2 %     510,769       8.3 %
France
    318,686       7.2 %     390,794       6.3 %
United Kingdom
    304,600       6.9 %     282,329       4.6 %
Sweden
    262,451       5.9 %     332,806       5.4 %
Finland
    220,926       5.0 %     269,155       4.4 %
India
    215,548       4.9 %     371,635       6.0 %
Other
    661,770       14.9 %     736,314       11.9 %
    $ 4,432,494       100.0 %   $ 6,169,094       100.0 %

The following table sets forth the Company’s net sales for the three and nine months ended May 31, 2015 and 2014 by segment:

   
Three Months Ended
   
Nine Months Ended
 
   
May 31, 2015
   
May 31, 2014
   
May 31, 2015
   
May 31, 2014
 
ZERUST® sales
  $ 7,076,760     $ 5,992,095     $ 19,098,816     $ 17,296,159  
Natur-Tec™ sales
    1,200,815       928,725       3,121,563       2,152,769  
Total net sales
  $ 8,277,575     $ 6,920,820     $ 22,220,379     $ 19,448,928  

The following table sets forth the Company’s cost of goods sold for the three and nine months ended May 31, 2015 and 2014 by segment:

   
Three Months Ended
   
Nine Months Ended
 
   
May 31, 2015
   
% of Product Sales*
   
May 31, 2014
   
% of Product Sales*
   
May 31, 2015
   
% of Product Sales*
   
May 31, 2014
   
% of Product Sales*
 
Direct cost of goods sold
                                               
ZERUST®
  $ 3,942,776       55.7 %   $ 3,288,809       54.9 %   $ 10,452,467       54.7 %   $ 9,336,363       54.0 %
Natur-Tec®
    889,976       74.1 %     695,778       74.9 %     2,391,599       76.6 %     1,635,815       76.0 %
Indirect cost of goods sold
    762,455       —       684,735       —       2,215,492       —       1,907,008       —  
Total net cost of goods sold
  $ 5,595,207             $ 4,669,322             $ 15,059,558             $ 12,879,186          

*
The percent of segment sales is calculated by dividing the direct cost of goods sold for each individual segment category by the net sales for each segment category.

The Company utilizes product net sales and direct and indirect cost of goods sold for each product in reviewing the financial performance of a product type. Further allocation of Company expenses or assets, aside from amounts presented in the tables above, is not utilized in evaluating product performance, nor does such allocation occur for internal financial reporting.

Sales to the Company’s joint ventures are included in the foregoing geographic and segment information, however, sales by the Company’s joint ventures to other parties are not included. The foregoing geographic and segment information represents only sales and cost of goods sold recognized directly by the Company.

The geographical distribution of key financial statement data is as follows:

   
As of
May 31, 2015
   
As of
August 31, 2014
 
Brazil
  $ 1,046,801     $ 1,429,054  
China
    1,395,952       —  
India
    389,659       363,894  
United States
    49,038,999       52,264,827  
Total assets
  $ 51,871,411     $ 54,057,775  

   
Nine Months Ended
 
   
May 31, 2015
   
May 31, 2014
 
Brazil
  $ 2,103,589     $ 1,865,137  
China
    442,262       —  
India
    708,635       361,700  
United States
    18,965,893       17,222,091  
Total net sales
  $ 22,220,379     $ 19,448,928  

   
Nine Months Ended
 
   
May 31, 2015
   
May 31, 2014
 
Brazil
  $ (72,785 )   $ (75,491 )
China
    (585,790 )     —  
India
    20,440       5,872  
United States
    3,594,827       5,002,383  
Total operating income
  $ 2,956,692     $ 4,932,764  

Total assets located in Brazil, China and India primarily consist of cash and cash equivalents, customer receivables and inventory.  These assets are periodically reviewed to assure the net realizable value from the estimated future production based on forecasted sales exceeds the carrying value of the assets.  Total assets located in the United States include the Company’s investments in joint ventures.