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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Nov. 30, 2016
Aug. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 2,529,140 $ 3,395,274
Available for sale securities 1,745,968 2,243,864
Trade excluding joint ventures, less allowance for doubtful accounts of $40,000 at November 30, 2016 and August 31, 2016 5,454,741 4,755,320
Trade joint ventures 700,518 791,903
Fees for services provided to joint ventures 1,422,105 1,406,587
Income taxes 120,539 215,905
Inventories 7,388,095 7,711,287
Prepaid expenses 640,699 422,031
Total current assets 20,001,805 20,942,171
PROPERTY AND EQUIPMENT, NET 7,183,663 7,275,872
OTHER ASSETS:    
Investments in joint ventures 20,052,432 19,840,774
Deferred income taxes 1,614,229 1,639,762
Patents and trademarks, net 1,307,040 1,278,597
Other 49,831 92,874
Total other assets 23,023,532 22,852,007
Total assets 50,209,000 51,070,050
CURRENT LIABILITIES:    
Accounts payable 2,959,284 2,753,903
Accrued liabilities:    
Payroll and related benefits 637,106 938,363
Other 521,623 301,836
Total current liabilities 4,118,013 3,994,102
COMMITMENTS AND CONTINGENCIES (Note 13)
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 4,530,870 and 4,533,416, respectively 90,617 90,668
Additional paid-in capital 13,857,777 13,798,567
Retained earnings 33,952,995 33,655,357
Accumulated other comprehensive loss (4,211,747) (3,009,617)
Stockholders’ equity 43,689,642 44,534,975
Non-controlling interest 2,401,345 2,540,973
Total equity 46,090,987 47,075,948
Total liabilities and equity $ 50,209,000 $ 51,070,050