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Note 16 - 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, 2022
Aug. 31, 2021
Tax computed at statutory rates $ 1,780,000 $ 1,794,000
State income tax, net of federal benefit 34,000 37,000
Tax effect on equity in income of international joint ventures (988,000) (1,560,000)
Tax effect of foreign operations 1,004,000 839,000
Deemed repatriation 10,000 0
Expired foreign tax credit 0 897,000
Research and development credit (244,000) (277,000)
Valuation allowance 133,000 (492,000)
Stock based compensation 67,000 75,000
Non-controlling interest (72,000) (83,000)
Other 149,836 231,905
Total income tax expense $ 1,873,836 $ 1,461,905