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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Nov. 30, 2018
Aug. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 4,518,951 $ 4,163,023
Available for sale securities 1,711,930 3,300,110
Receivables:    
Trade excluding joint ventures, less allowance for doubtful accounts of $65,000 at November 30, 2018 and $50,000 at August 31, 2018 10,255,975 9,920,108
Trade joint ventures 579,836 761,506
Fees for services provided to joint ventures 1,272,078 1,357,255
Income taxes 379,883 273,333
Inventories 10,217,043 9,130,861
Prepaid expenses 1,423,081 1,661,577
Total current assets 30,358,777 30,567,773
PROPERTY AND EQUIPMENT, NET 7,059,236 7,168,826
OTHER ASSETS:    
Investments in joint ventures 23,111,834 22,950,995
Deferred income taxes 1,525,775 1,551,536
Patents and trademarks, net 1,109,745 1,156,257
Other 153,846 153,849
Total other assets 25,901,200 25,812,637
Total assets 63,319,213 63,549,236
CURRENT LIABILITIES:    
Accounts payable 4,038,018 3,905,034
Income taxes payable 139,802 70,892
Accrued liabilities:    
Payroll and related benefits 965,648 2,747,303
Other 1,048,688 1,006,953
Total current liabilities 6,192,156 7,730,182
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; issued and outstanding 4,542,177 and 4,541,303, respectively 90,844 90,826
Additional paid-in capital 14,995,420 14,619,777
Retained earnings 42,915,335 41,963,341
Accumulated other comprehensive loss (3,918,085) (3,597,199)
Stockholders’ equity 54,083,514 53,076,745
Non-controlling interest 3,043,543 2,742,309
Total equity 57,127,057 55,819,054
Total liabilities and equity $ 63,319,213 $ 63,549,236