XML 15 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Aug. 31, 2022
Aug. 31, 2021
Current assets    
Cash and cash equivalents $ 484,463 $ 1,184,313
Accounts receivable, net of allowance of $0 (August 31, 2021 - $0) 7,191,646 7,086,503
Inventory, net of allowance of $800,000 (August 31, 2021 - $250,000) (note 3) 20,632,313 14,391,365
Prepaid expenses 1,112,575 2,305,820
Prepaid income taxes 208,963 252,958
Total current assets 29,629,960 25,220,959
Property, plant and equipment, net (note 4) 4,828,420 3,886,543
Intangible assets, net (note 5) 33,358 30,897
Deferred tax assets (Note 6) 24,998
Total assets 34,516,736 29,138,399
Current liabilities    
Accounts payable 1,566,047 1,349,677
Bank indebtedness (note 7) 7,000,000 3,000,000
Accrued liabilities 1,856,039 1,798,088
Total current liabilities 10,422,086 6,147,765
Deferred tax liability (note 6) 116,945
Total liabilities 10,422,086 6,264,710
Stockholders’ equity    
Capital stock (note 9, 10)     Authorized         21,567,564 common shares, no par value         10,000,000 preferred shares, no par value     Issued         3,495,342 common shares (August 31, 2021 –3,489,161) 824,629 823,171
Additional paid-in capital 742,591 687,211
Retained earnings 22,527,430 21,363,307
Total stockholders’ equity 24,094,650 22,873,689
Total liabilities and stockholders’ equity $ 34,516,736 $ 29,138,399