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Consolidated Balance Sheets - USD ($)
Aug. 31, 2024
Aug. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 4,952,184 $ 5,406,173
Trade excluding joint ventures, less allowance for credit losses of $310,000 and $533,000 as of August 31, 2024 and 2023, respectively 18,798,067 15,645,130
Trade, joint ventures 389,012 187,912
Fees for services provided to joint ventures 1,235,016 1,296,594
Dividend receivable from joint venture 0 1,986,027
Income taxes 392,293 325,233
Inventories, net 14,390,844 13,096,489
Prepaid expenses 1,421,803 1,727,998
Total current assets 41,579,219 39,671,556
PROPERTY AND EQUIPMENT, NET 16,265,653 14,065,354
OTHER ASSETS:    
Investments in joint ventures 25,397,287 23,705,714
Deferred income tax, net 544,464 530,944
Intangible assets, net 5,682,945 6,159,485
Goodwill 4,782,376 4,782,376
Operating lease right of use assets 424,558 428,874
Total other assets 36,831,630 35,607,393
Total assets 94,676,502 89,344,303
Liabilities, Current [Abstract]    
Line of credit 4,291,608 3,600,000
Term loan 2,820,835 2,757,176
Accounts payable 6,393,355 6,056,329
Income taxes payable 327,781 501,379
Accrued liabilities:    
Payroll and related benefits 3,163,372 2,305,400
Other 574,876 1,160,289
Current portion of operating leases 325,116 340,799
Total current liabilities 17,896,943 16,721,372
LONG-TERM LIABILITIES:    
Deferred income tax, net 1,504,796 1,836,059
Operating leases, less current portion 99,442 88,075
Total long-term liabilities 1,604,238 1,924,134
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; issued and outstanding 9,466,976 and 9,424,102, respectively 189,340 188,482
Additional paid-in capital 23,615,564 21,986,767
Retained earnings 53,771,211 51,004,427
Accumulated other comprehensive loss (6,382,124) (6,823,403)
Stockholders’ equity 71,193,991 66,356,273
Non-controlling interests 3,981,330 4,342,524
Total equity 75,175,321 70,698,797
Total liabilities and equity 94,676,502 89,344,303
Intangible Assets Excluding Patents and Trademarks [Member]    
OTHER ASSETS:    
Intangible assets, net $ 5,682,945 $ 6,159,485