XML 53 R37.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Note 15 - Income Taxes (Tables) | 12 Months Ended
--- | ---
Aug. 31, 2016
Notes Tables |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
|  | Fiscal Year Ended August 31,
|  | 2016 |  | 2015
Current: |  |  |  |
Federal |  | $ | — |  |  | $ | — |
State |  |  | 20,000 |  |  |  | (37,000 | )
Foreign |  |  | 647,000 |  |  |  | 542,000 |
|  |  | 667,000 |  |  |  | 505,000 |
Deferred: |  |  |  |  |  |  |  |
Federal |  |  | 6,000 |  |  |  | 87,000 |
State |  |  | — |  |  |  | 5,000 |
Foreign |  |  | (47,000 | ) |  |  | 52,000 |
|  |  | (41,000 | ) |  |  | 144,000 |
|  | $ | 626,000 |  |  | $ | 649,000 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  | Fiscal Year Ended August 31,
|  | 2016 |  | 2015
Tax computed at statutory rates |  | $ | (195,000 | ) |  | $ | 1,076,000 |
State income tax, net of federal benefit |  |  | 20,000 |  |  |  | (32,000 | )
Tax effect on equity in (income) loss of international joint ventures |  |  | (956,000 | ) |  |  | (1,986,000 | )
Tax effect on dividends received from joint ventures and investment at carrying value |  |  | 2,681,000 |  |  |  | 1,470,000 |
Tax effect of foreign operations |  |  | 997,000 |  |  |  | 996,000 |
Foreign tax credit |  |  | (3,178,000 | ) |  |  | (1,937,000 | )
Research and development credit |  |  | (408,000 | ) |  |  | (314,000 | )
Valuation allowance |  |  | 1,620,000 |  |  |  | 1,379,000 |
Stock based compensation |  |  | 90,000 |  |  |  | 99,000 |
Non-controlling interest |  |  | (148,000 | ) |  |  | (204,000 | )
Other |  |  | 103,000 |  |  |  | 102,000 |
|  | $ | 626,000 |  |  | $ | 649,000 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
|  | August 31,
|  | 2016 |  | 2015
Accrued compensation |  | $ | 150,600 |  |  | $ | 237,700 |
Inventory costs |  |  | 95,300 |  |  |  | 81,200 |
Accrued joint venture expenses |  |  | 54,200 |  |  |  | 93,200 |
Other accrued expenses |  |  | 87,000 |  |  |  | 53,800 |
Goodwill and other intangible assets |  |  | 1,332,000 |  |  |  | 1,123,200 |
Stock-based compensation |  |  | 210,600 |  |  |  | 308,900 |
Foreign tax credit carryforward |  |  | 5,679,000 |  |  |  | 4,654,800 |
Other credit and loss carryforwards |  |  | 3,214,300 |  |  |  | 2,262,000 |
Total deferred tax assets |  |  | 10,823,000 |  |  |  | 8,814,800 |
Valuation allowance |  |  | (8,893,300 | ) |  |  | (6,889,900 | )
Total deferred tax assets after valuation allowance |  |  | 1,929,700 |  |  |  | 1,924,900 |
Property and equipment |  |  | (215,600 | ) |  |  | (204,000 | )
Other |  |  | (74,300 | ) |  |  | (120,800 | )
Total deferred tax liabilities |  |  | (289,900 | ) |  |  | (324,800 | )
Net deferred tax assets |  | $ | 1,639,800 |  |  | $ | 1,600,100 |
Summary of Income Tax Contingencies [Table Text Block] |
|  | Fiscal Year Ended August 31,
|  | 2016 |  | 2015
Gross unrecognized tax benefits – beginning balance |  | $ | 203,000 |  |  | $ | 180,000 |
Gross increases - prior period tax positions |  |  | 15,000 |  |  |  | 15,000 |
Gross increases – current period tax positions |  |  | 20,000 |  |  |  | 8,000 |
Gross unrecognized tax benefits – ending balance |  | $ | 238,000 |  |  | $ | 203,000 |

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=65882285&loc=SL6600010-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32718-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32840-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration