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Note 14 - Income Taxes - Reconciliations of the Expected Federal Income Tax at the Statutory Rate with the Provisions for Income Taxes (Details) - USD ($)
12 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Tax computed at statutory rates $ 365,000 $ 1,398,000
State income tax, net of federal benefit 23,000 27,000
Tax effect on equity in income of international joint ventures (888,000) (1,490,000)
Tax effect of foreign operations 641,000 672,000
Deemed repatriation 108,000 204,000
Research and development credit (368,000) (133,000)
Valuation allowance 2,797,000 133,000
Stock based compensation 189,000 208,000
Non-controlling interest (55,000) (74,000)
Other (138,000) (103,000)
Total income tax expense $ 2,674,635 $ 841,837