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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Nov. 30, 2022
Aug. 31, 2022
Current assets    
  Cash and cash equivalents $ 1,742,482 $ 484,463
  Accounts receivable, net of allowance of $0 (August 31, 2022 - $0) 5,237,397 7,191,646
  Inventory, net of allowance of $456,021 (August 31, 2022 - $800,000) (note 3) 22,002,459 20,632,313
  Prepaid expenses 624,114 1,112,575
  Prepaid income taxes 208,551 208,963
  Total current assets 29,815,003 29,629,960
Property, plant and equipment, net (note 4) 4,753,375 4,828,420
Intangible assets, net (note 5) 33,090 33,358
Deferred tax assets (note 6) 45,000 24,998
Total assets 34,646,468 34,516,736
Current liabilities    
  Accounts payable 1,381,077 1,566,047
  Bank indebtedness (note 7) 7,600,000 7,000,000
  Accrued liabilities 1,621,198 1,856,039
  Total current liabilities 10,602,275 10,422,086
Total liabilities 10,602,275 10,422,086
Stockholders’ equity    
Capital stock (note 8, 9) Authorized 21,567,564 common shares, no par value 10,000,000 preferred shares, no par value  Issued 3,498,899 common shares (August 31, 2022 –3,495,342) 825,468 824,629
  Additional paid-in capital 765,055 742,591
  Retained earnings 22,453,670 22,527,430
  Total stockholders’ equity 24,044,193 24,094,650
  Total liabilities and stockholders’ equity $ 34,646,468 $ 34,516,736