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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Feb. 28, 2025
Aug. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 5,090,630 $ 4,952,184
Receivables:    
Trade, less allowance for credit losses of $310,000 as of February 28, 2025 and August 31, 2024 15,418,555 19,187,079
Fees for services provided to joint ventures 957,220 1,235,016
Income taxes 911,609 392,293
Inventories, net 14,985,166 14,390,844
Prepaid expenses 2,261,632 1,421,803
Total current assets 39,624,812 41,579,219
PROPERTY AND EQUIPMENT, NET 14,814,389 16,265,653
OTHER ASSETS:    
Investments in joint ventures 25,041,302 25,397,287
Deferred income tax, net 469,295 544,464
Intangible assets, net 8,666,639 5,682,945
Goodwill 4,782,376 4,782,376
Operating lease right of use assets 296,401 424,558
Total other assets 39,256,013 36,831,630
Total assets 93,695,214 94,676,502
CURRENT LIABILITIES:    
Line of credit 5,354,664 4,291,608
Term loan 2,746,121 2,820,835
Accounts payable 7,255,046 6,393,355
Income taxes payable 226,087 327,781
Accrued liabilities:    
Payroll and related benefits 1,779,611 3,163,372
Other 686,809 574,876
Current portion of operating leases 160,048 325,116
Total current liabilities 18,208,386 17,896,943
LONG-TERM LIABILITIES:    
Deferred income tax, net 1,504,796 1,504,796
Operating leases, less current portion 136,353 99,442
Total long-term liabilities 1,641,149 1,604,238
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 February 28, 2025 and August 31, 2024; issued and outstanding 9,470,507 and 9,466,980, respectively 189,410 189,340
Additional paid-in capital 24,334,299 23,615,564
Retained earnings 53,440,749 53,771,211
Accumulated other comprehensive loss (8,218,805) (6,382,124)
Stockholders’ equity 69,745,653 71,193,991
Non-controlling interests 4,100,026 3,981,330
Total equity 73,845,679 75,175,321
Total liabilities and equity 93,695,214 94,676,502
Intangible Assets Excluding Patents and Trademarks [Member]    
OTHER ASSETS:    
Intangible assets, net $ 8,666,639 $ 5,682,945