XML 15 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Feb. 28, 2018
Aug. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 5,067,087 $ 6,360,201
Available for sale securities 3,268,426 3,766,984
Receivables:    
Trade excluding joint ventures, less allowance for doubtful accounts of $50,000 at February 28, 2018 and $40,000 at August 31, 2017 8,310,043 5,912,631
Trade joint ventures 447,380 691,752
Fees for services provided to joint ventures 1,365,325 1,302,944
Income taxes 309,379 137,256
Inventories 9,126,171 7,456,552
Prepaid expenses 1,024,652 439,298
Total current assets 28,918,463 26,067,618
PROPERTY AND EQUIPMENT, NET 7,155,946 7,359,662
OTHER ASSETS:    
Investments in joint ventures 22,259,526 20,035,074
Deferred income taxes 1,056,565 1,756,565
Patents and trademarks, net 1,241,618 1,322,089
Other 71,685
Total other assets 24,557,709 23,185,413
Total assets 60,632,118 56,612,693
CURRENT LIABILITIES:    
Accounts payable 4,266,257 2,676,610
Income taxes payable 342,853
Accrued liabilities:    
Payroll and related benefits 1,437,921 1,540,386
Other 677,126 677,621
Total current liabilities 6,724,157 4,894,617
COMMITMENTS AND CONTINGENCIES (Note 12)
EQUITY:    
Preferred stock, no par value; authorized 10,000 shares; none issued and outstanding
Common stock, $0.02 par value per share; authorized 15,000,000 shares as of February 28, 2018 and 10,000,000 shares as of August 31, 2017; issued and outstanding 4,537,408 and 4,535,018, respectively 90,748 90,700
Additional paid-in capital 14,397,851 14,163,509
Retained earnings 38,586,704 37,077,483
Accumulated other comprehensive loss (2,070,752) (2,471,064)
Stockholders’ equity 51,004,551 48,860,628
Non-controlling interest 2,903,410 2,857,448
Total equity 53,907,961 51,718,076
Total liabilities and equity $ 60,632,118 $ 56,612,693