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Note 15 - 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, 2023
Aug. 31, 2022
Tax computed at statutory rates $ 1,352,000 $ 1,780,000
State income tax, net of federal benefit (20,000) 34,000
Tax effect on equity in income of international joint ventures (1,354,000) (988,000)
Tax effect of foreign operations 1,005,000 1,004,000
Deemed repatriation 0 10,000
Foreign tax credit 783,000 0
Research and development credit (710,000) (244,000)
Valuation allowance 354,000 133,000
Stock based compensation 31,000 67,000
Non-controlling interest (59,000) (72,000)
Prior year true-up (51,000) 0
Other 18,600 149,836
Income Tax Expense (Benefit) $ 1,349,600 $ 1,873,836