CONSOLIDATED BALANCE SHEETS (USD $)	Feb. 29, 2012	Aug. 31, 2011
Cash and cash equivalents	$ 4,310,547	$ 6,774,127
Accounts receivable, net of allowance of $6,299 (August 31, 2011 - $Nil)	3,954,043	3,897,086
Inventory, net of allowance of $192,810 (August 31, 2011 - $204,860) (note 3)	6,483,367	5,815,593
Note receivable	61,500	41,500
Prepaid expenses	1,201,725	848,341
Prepaid income taxes		682,527
Total current assets	16,011,182	18,059,174
Property, plant and equipment, net (note 4)	1,793,962	1,850,037
Intangible assets, net (note 5)	484,932	510,771
Deferred income taxes (note 6)	156,305	157,862
Total assets	18,446,381	20,577,844
Accounts payable	994,410	519,265
Accrued liabilities	891,752	941,846
Accrued income taxes	228,358
Total current liabilities	2,298,806	3,089,026
1,609,870 common shares (August 31, 2011 - 1,908,457)	1,519,261	1,801,043
Additional paid-in capital	600,804	600,804
Retained earnings	14,027,510	15,086,971
Total stockholders' equity	16,147,575	17,488,818
Total liabilities and stockholders' equity	$ 18,446,381	$ 20,577,844

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. For classified balance sheets, used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer); for unclassified balance sheets, used to reflect the total liabilities (regardless of due date).

No definition available.