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Note 14 - 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, 2024
Aug. 31, 2023
Tax computed at statutory rates $ 1,627,000 $ 1,352,000
State income tax, net of federal benefit 21,000 (20,000)
Tax effect on equity in income of international joint ventures (887,000) (1,354,000)
Tax effect of foreign operations 371,000 1,005,000
Deemed repatriation 4,000 0
Foreign tax credit (321,000) (783,000)
Foreign tax credit 321,000 783,000
Research and development credit (512,000) (710,000)
Valuation allowance 1,066,000 354,000
Stock based compensation 175,000 31,000
Non-controlling interest (71,000) (59,000)
Prior year true-up (146,000) (51,000)
Other (1,203) 18,600
Income Tax Expense (Benefit) $ 1,325,797 $ 1,349,600