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Consolidated Balance Sheets (Unaudited) - USD ($)
Feb. 28, 2017
Aug. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 3,048,948 $ 3,395,274
Available for sale securities 748,254 2,243,864
Trade excluding joint ventures, less allowance for doubtful accounts of $40,000 at February 28, 2017 and August 31, 2016 5,916,486 4,755,320
Trade joint ventures 462,582 791,903
Fees for services provided to joint ventures 1,242,569 1,406,587
Income taxes 240,534 215,905
Inventories 8,052,207 7,711,287
Prepaid expenses 614,735 422,031
Total current assets 20,326,315 20,942,171
PROPERTY AND EQUIPMENT, NET 7,485,197 7,275,872
OTHER ASSETS:    
Investments in joint ventures 21,059,113 19,840,774
Deferred income taxes 1,614,229 1,639,762
Patents and trademarks, net 1,305,039 1,278,597
Other 92,874
Total other assets 23,978,381 22,852,007
Total assets 51,789,893 51,070,050
CURRENT LIABILITIES:    
Accounts payable 3,565,903 2,753,903
Accrued liabilities:    
Payroll and related benefits 708,411 938,363
Other 687,164 301,836
Total current liabilities 4,961,478 3,994,102
COMMITMENTS AND CONTINGENCIES (Note 13)
EQUITY:    
Preferred stock, no par value; authorized 10,000 shares; none issued and outstanding
Common stock, $0.02 par value per share; authorized 10,000,000 shares; issued and outstanding 4,524,970 and 4,533,416, respectively 90,499 90,668
Additional paid-in capital 13,879,361 13,798,567
Retained earnings 34,339,958 33,655,357
Accumulated other comprehensive loss (4,015,577) (3,009,617)
Stockholders’ equity 44,294,241 44,534,975
Non-controlling interest 2,534,174 2,540,973
Total equity 46,828,415 47,075,948
Total liabilities and equity $ 51,789,893 $ 51,070,050