XML 36 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Feb. 29, 2020
Aug. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 5,626,410 $ 5,856,758
Available for sale securities 6,512,166 3,565,258
Receivables:    
Trade excluding joint ventures, less allowance for doubtful accounts of $65,000 at February 29, 2020 and August 31, 2019 9,810,545 9,779,518
Trade joint ventures 539,175 824,473
Fees for services provided to joint ventures 1,195,219 1,268,000
Income taxes 56,819 457,018
Inventories 11,424,384 10,488,728
Prepaid expenses 949,893 1,062,609
Total current assets 36,114,611 33,302,362
PROPERTY AND EQUIPMENT, NET 7,227,524 7,358,159
OTHER ASSETS:    
Investments in joint ventures 21,297,202 24,207,339
Deferred income taxes 1,694,499 1,634,258
Patents and trademarks, net 930,132 1,008,969
Operating lease right of use asset 520,601
Total other assets 24,442,434 26,850,566
Total assets 67,784,569 67,511,087
CURRENT LIABILITIES:    
Accounts payable 4,373,988 4,505,531
Income taxes payable 3,169 6,759
Accrued liabilities:    
Payroll and related benefits 1,259,122 1,857,971
Other 835,823 1,471,532
Current portion of operating lease 211,495
Total current liabilities 6,683,597 7,841,793
LONG-TERM LIABILITIES:    
Operating lease, less current portion 309,106
Total long-term liabilities 309,106
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 29, 2020 and August 31, 2019; issued and outstanding 9,097,236 and 9,086,816, respectively 181,945 181,736
Additional paid-in capital 16,707,207 16,013,338
Retained earnings 45,202,903 44,992,719
Accumulated other comprehensive loss (4,602,349) (4,593,178)
Stockholders’ equity 57,489,706 56,594,615
Non-controlling interests 3,302,160 3,074,679
Total equity 60,791,866 59,669,294
Total liabilities and equity $ 67,784,569 $ 67,511,087