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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Nov. 30, 2022
Aug. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 6,066,321 $ 5,333,890
Available for sale securities 5,590 5,590
Receivables:    
Trade, excluding joint ventures, less allowance for doubtful accounts of $439,000 as of November 30, 2022 and August 31, 2022 14,398,185 14,136,930
Trade, joint ventures 593,601 697,861
Fees for services provided to joint ventures 1,123,478 1,765,117
Income taxes 226,731 0
Inventories 15,236,496 16,341,729
Prepaid expenses 2,241,664 1,953,764
Total current assets 39,892,066 40,234,881
PROPERTY AND EQUIPMENT, NET 12,145,152 12,170,493
OTHER ASSETS:    
Investments in joint ventures 20,331,746 21,814,754
Intangible asset, net 6,530,512 6,633,878
Goodwill 4,782,376 4,782,376
Operating lease right of use asset 440,921 557,571
Total other assets 32,085,555 33,788,579
Total assets 84,122,773 86,193,953
CURRENT LIABILITIES:    
Accounts payable 6,032,918 7,796,494
Line of credit 5,450,000 5,900,000
Income taxes payable 12,210 30,742
Accrued liabilities:    
Payroll and related benefits 1,601,033 2,297,543
Other 1,069,489 667,292
Current portion of operating lease 317,496 373,330
Total current liabilities 14,483,146 17,065,401
LONG-TERM LIABILITIES:    
Deferred income tax, net 1,643,007 1,700,015
Operating lease, less current portion 123,425 184,241
Total long-term liabilities 1,766,432 1,884,256
Commitments and contingencies
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, 2022 and August 31, 2022; issued and outstanding 9,366,358 and 9,232,483, respectively 187,327 184,650
Additional paid-in capital 20,721,235 19,939,131
Retained earnings 50,563,210 50,716,613
Accumulated other comprehensive loss (7,305,836) (7,245,132)
Stockholders’ equity 64,165,936 63,595,262
Non-controlling interests 3,707,259 3,649,034
Total equity 67,873,195 67,244,296
Total liabilities and equity $ 84,122,773 $ 86,193,953