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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
May. 31, 2015
May. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,474,631 $ 4,086,744
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 378,421 345,319
Depreciation expense 385,126 335,350
Amortization expense 65,747 64,736
Loss on disposal of assets 20,689 2,176
Equity in income from joint ventures (4,806,247) (4,416,664)
Dividends received from joint ventures 2,767,771 7,307,895
Increase in allowance on doubtful accounts   20,000
Deferred income taxes (27,558)  
Receivables:    
Trade, excluding joint ventures (896,173) 80,459
Trade, joint ventures 324,338 90,860
Fees for services provided to joint ventures 1,257,998 (387,356)
Income taxes (217,055) (155,319)
Inventories (887,748) (397,090)
Prepaid expenses and other (95,316) (455,900)
Accounts payable 82,550 (227,486)
Income tax payable 22,943 (4,081)
Accrued liabilities (813,896) 411,211
Net cash provided by operating activities 36,221 6,700,854
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from the sale of investment in joint venture   134,606
Proceeds from the sale of available for sale securities 2,991,919  
Additions to property and equipment (1,098,035) (428,536)
Additions to patents (138,786) (189,393)
Net cash provided by (used in) investing activities 1,755,098 (483,323)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of note payable   (933,414)
Dividend received by non-controlling interest (560,000) (1,440,000)
Investment by non-controlling interest   34,770
Proceeds from employee stock purchase plan 57,980 42,514
Proceeds from exercise of stock options 99,450 305,996
Net cash used in financing activities (402,570) (1,990,134)
EFFECT OF EXCHANGE RATE CHANGES ON CASH: (72,195) 8,134
NET INCREASE IN CASH AND CASH EQUIVALENTS 1,316,554 4,235,531
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 2,477,017 4,314,258
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 3,793,571 $ 8,549,789