XML 81 R68.htm IDEA: XBRL DOCUMENT v3.21.2
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, 2021
Aug. 31, 2020
Tax computed at statutory rates $ 1,794,000 $ 365,000
State income tax, net of federal benefit 37,000 23,000
Tax effect on equity in income of international joint ventures (1,560,000) (888,000)
Tax effect of foreign operations 839,000 641,000
Deemed repatriation 0 108,000
Expired foreign tax credit 897,000 0
Research and development credit (277,000) (368,000)
Valuation allowance (492,000) 2,797,000
Stock based compensation 75,000 189,000
Non-controlling interest (83,000) (55,000)
Other 231,905 (137.365)
Total income tax expense $ 1,461,905 $ 2,674,635