XML 12 R2.htm IDEA: XBRL DOCUMENT v3.21.4
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Nov. 30, 2021
Aug. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 8,047,565 $ 7,680,641
Available for sale securities 4,634 4,634
Receivables:    
Trade, excluding joint ventures, less allowance for doubtful accounts of $382,000 as of November 30, 2021 and August 31, 2021 13,107,126 11,128,805
Trade, joint ventures 791,246 624,808
Fees for services provided to joint ventures 1,200,869 1,505,127
Income taxes 500,061 386,574
Inventories 11,439,738 11,114,207
Prepaid expenses 2,173,851 1,302,293
Total current assets 37,265,090 33,747,089
PROPERTY AND EQUIPMENT, NET 12,194,674 11,821,458
OTHER ASSETS:    
Investments in joint ventures 21,357,911 27,623,768
Deferred income taxes 0 92,554
Intangible assets, net 6,279,000 0
Goodwill 4,782,376 0
Operating lease right of use asset 655,819 376,438
Total other assets 33,784,981 28,802,332
Total assets 83,244,745 74,370,879
CURRENT LIABILITIES:    
Accounts payable 5,466,381 4,290,972
Line of credit 2,500,000
Income taxes payable 96,596 178,923
Accrued liabilities:    
Payroll and related benefits 1,604,109 2,879,468
Other 1,407,724 894,497
Current portion of operating lease 314,918 272,336
Total current liabilities 11,389,728 8,516,196
LONG-TERM LIABILITIES:    
Deferred income tax, net 1,883,272 0
Operating lease, less current portion 340,901 104,102
Total long-term liabilities 2,224,173 104,102
EQUITY:    
Preferred stock, no par value; authorized 10,000 shares; none issued and outstanding 0 0
Common stock, $0.02 par value per share; authorized 15,000,000 shares as of November 30, 2021 and August 31, 2021; issued and outstanding 9,203,446 and 9,184,811, respectively 184,069 183,696
Additional paid-in capital 19,146,510 18,736,268
Retained earnings 50,823,730 46,973,092
Accumulated other comprehensive loss (3,862,085) (3,525,030)
Stockholders’ equity 66,292,224 62,368,026
Non-controlling interests 3,338,620 3,382,555
Total equity 69,630,844 65,750,581
Total liabilities and equity 83,244,745 74,370,879
Patents and Trademarks [Member]    
OTHER ASSETS:    
Intangible assets, net $ 709,875 $ 709,572