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Note 14 - Income Taxes
 9 Months Ended
May 31, 2021
Notes to Financial Statements  
Income Tax Disclosure [Text Block]

14.         INCOME TAXES

 

Income tax expense for the three and nine months ended May 31, 2021 was $276,338 and $929,588, respectively, compared to $142,285 and $869,945, respectively, for the three and nine months ended May 31, 2020. The expense was largely due to foreign operations. The Company has federal and state tax credit carry forwards, net operating loss carry forwards and foreign tax carry forwards. The Company has recorded a full valuation allowance against the U.S. deferred tax assets as of May 31, 2021 and August 31, 2020.