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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
May 31, 2016
Aug. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 4,626,538 $ 2,623,981
Available for sale securities 2,239,792 2,027,441
Trade excluding joint ventures, less allowance for doubtful accounts of $40,000 at May 31, 2016 and August 31, 2015 4,573,671 4,027,167
Trade joint ventures 718,899 645,377
Fees for services provided to joint ventures 1,351,593 1,449,162
Income taxes 510,288 198,462
Inventories 7,411,006 7,468,441
Prepaid expenses 489,946 411,473
Deferred income taxes 424,108 424,108
Total current assets 22,345,841 19,275,612
PROPERTY AND EQUIPMENT, NET 7,298,036 7,293,163
OTHER ASSETS:    
Investments in joint ventures 18,604,871 20,544,238
Investments at carrying value (Note 7) 1,883,668 1,883,668
Deferred income taxes 1,175,170 1,176,012
Patents and trademarks, net 1,264,780 1,262,219
Other 199,216 130,736
Total other assets 23,127,705 24,996,873
Total assets 52,771,582 51,565,648
CURRENT LIABILITIES:    
Accounts payable 2,769,347 2,101,175
Accrued liabilities:    
Payroll and related benefits 819,302 1,056,257
Other 364,405 514,409
Total current liabilities 3,953,054 3,671,841
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 4,537,116 and 4,539,045, respectively 90,742 90,781
Additional paid-in capital 13,738,062 13,441,264
Retained earnings 35,098,104 34,522,871
Accumulated other comprehensive loss (3,239,074) (3,180,811)
Stockholders’ equity 45,687,834 44,874,105
Non-controlling interest 3,130,694 3,019,702
Total equity 48,818,528 47,893,807
Total liabilities and equity $ 52,771,582 $ 51,565,648