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Note 14 - Income Taxes (Tables)

12 Months Ended

Aug. 31, 2018

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		Fiscal Year Ended August 31,
		2018				2017
Current:
Federal		$	—			$	—
State			1,000				62,000
Foreign			671,000				754,000
			672,000				816,000
Deferred:
Federal			477,000				(135,000	)
State			24,000				(9,000	)
Foreign			(297,000	)			28,000
			204,000				(116,000	)
		$	876,000			$	700,000

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Fiscal Year Ended August 31,
		2018				2017
Tax computed at statutory rates		$	2,081,000			$	1,591,000
State income tax, net of federal benefit			25,000				53,000
Tax effect on equity in income of international joint ventures			(1,903,000	)			(1,998,000	)
Tax effect on dividends received from joint ventures and investment at carrying value			—				3,159,000
Tax effect of foreign operations			101,000				841,000
Deemed repatriation			4,011,000				—
Foreign tax credit			(3,783,000	)			(3,680,000	)
Research and development credit			(10,000	)			(212,000	)
Valuation allowance			(173,000	)			989,000
Stock based compensation			57,000				81,000
Non-controlling interest			(103,000	)			(143,000	)
Deferred rate change			633,000				—
Other			(60,000	)			19,000
		$	876,000			$	700,000

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		August 31,
		2018				2017
Accrued compensation		$	430,600			$	310,300
Inventory costs			58,900				87,000
Accrued joint venture expenses			—				15,200
Other accrued expenses			63,700				74,000
Goodwill and other intangible assets			695,800				1,317,700
Stock-based compensation			197,500				241,600
Foreign tax credit carryforward			5,789,600				6,105,700
Other credit and loss carryforwards			3,241,200				3,473,100
Total deferred tax assets			10,477,300				11,624,600
Valuation allowance			(8,654,500	)			(9,578,700	)
Total deferred tax assets after valuation allowance			1,822,800				2,045,900
Property and equipment			(124,600	)			(206,000	)
Other			(146,200	)			(83,300	)
Total deferred tax liabilities			(270,800	)			(289,300	)
Net deferred tax assets		$	1,552,000			$	1,756,600

Summary of Income Tax Contingencies [Table Text Block]

		Fiscal Year Ended August 31,
		2018				2017
Gross unrecognized tax benefits – beginning balance		$	250,000			$	238,000
Gross decreases - prior period tax positions			(12,000	)			(4,000	)
Gross increases – current period tax positions			4,000				16,000
Gross unrecognized tax benefits – ending balance		$	242,000			$	250,000

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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