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Consolidated Balance Sheets - USD ($)
Aug. 31, 2016
Aug. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 3,395,274 $ 2,623,981
Available for sale securities 2,243,864 2,027,441
Trade excluding joint ventures, less allowance for doubtful accounts of $40,000 at both August 31, 2016 and 2015 4,755,320 4,027,167
Trade joint ventures 791,903 645,377
Fees for services provided to joint ventures 1,406,587 1,449,162
Income taxes 215,905 198,462
Inventories 7,711,287 7,468,441
Prepaid expenses 422,031 411,473
Deferred income taxes 424,108
Total current assets 20,942,171 19,275,612
PROPERTY AND EQUIPMENT, NET 7,275,872 7,293,163
OTHER ASSETS:    
Investments in joint ventures 19,840,774 20,544,238
Investments at carrying value (Note 7) 1,883,668
Deferred income taxes 1,639,762 1,176,012
Patents and trademarks, net 1,278,597 1,262,219
Other 92,874 130,736
Total other assets 22,852,007 24,996,873
Total assets 51,070,050 51,565,648
CURRENT LIABILITIES:    
Accounts payable 2,753,903 2,101,175
Accrued liabilities:    
Payroll and related benefits 938,363 1,056,257
Other 301,836 514,409
Total current liabilities 3,994,102 3,671,841
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 4,533,416 and 4,539,045, respectively 90,668 90,781
Additional paid-in capital 13,798,567 13,441,264
Retained earnings 33,655,357 34,522,871
Accumulated other comprehensive loss (3,009,617) (3,180,811)
Stockholders’ equity 44,534,975 44,874,105
Non-controlling interests 2,540,973 3,019,702
Total equity 47,075,948 47,893,807
Total liabilities and equity $ 51,070,050 $ 51,565,648