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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
May 31, 2017
Aug. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 3,500,164 $ 3,395,274
Available for sale securities 3,756,680 2,243,864
Trade excluding joint ventures, less allowance for doubtful accounts of $40,000 at May 31, 2017 and August 31, 2016 6,190,096 4,755,320
Trade joint ventures 1,295,766 791,903
Fees for services provided to joint ventures 1,224,977 1,406,587
Income taxes 375,531 215,905
Inventories 7,879,656 7,711,287
Prepaid expenses 421,708 422,031
Total current assets 24,644,578 20,942,171
PROPERTY AND EQUIPMENT, NET 7,451,899 7,275,872
OTHER ASSETS:    
Investments in joint ventures 18,903,473 19,840,774
Deferred income taxes 1,614,229 1,639,762
Patents and trademarks, net 1,314,103 1,278,597
Other 71,685 92,874
Total other assets 21,903,490 22,852,007
Total assets 53,999,967 51,070,050
CURRENT LIABILITIES:    
Accounts payable 3,558,280 2,753,903
Accrued liabilities:    
Payroll and related benefits 984,789 938,363
Other 247,597 301,836
Total current liabilities 4,790,666 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 4,527,018 and 4,533,416, respectively 90,540 90,668
Additional paid-in capital 13,983,754 13,798,567
Retained earnings 35,692,376 33,655,357
Accumulated other comprehensive loss (3,251,765) (3,009,617)
Stockholders’ equity 46,514,905 44,534,975
Non-controlling interest 2,694,396 2,540,973
Total equity 49,209,301 47,075,948
Total liabilities and equity $ 53,999,967 $ 51,070,050