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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
May 31, 2023
May 31, 2022
May 31, 2023
May 31, 2022
Income Statement [Abstract]        
SALES $ 18,945,738 $ 20,922,190 $ 39,666,658 $ 47,900,665
COST OF SALES 14,532,366 15,569,380 30,473,044 36,658,766
GROSS PROFIT 4,413,372 5,352,810 9,193,614 11,241,899
OPERATING EXPENSES        
  Selling, general and administrative expenses 961,566 1,125,692 2,884,463 2,798,094
  Depreciation and amortization 99,962 83,291 299,577 237,001
  Wages and employee benefits 2,100,825 2,124,183 5,975,438 5,957,601
Total operating expenses  3,162,353 3,333,166 9,159,478 8,992,696
Income from operations 1,251,019 2,019,644 34,136 2,249,203
OTHER ITEMS        
   Other income 903 (294,097)
   Interest expense (152,905) (47,972) (353,987) (98,868)
Total other items  (152,905) (47,069) (353,987) (392,965)
Income (loss) before income taxes 1,098,114 1,972,575 (319,851) 1,856,238
Income tax expense (recovery) (363,163) (478,464) 9,004 (483,449)
Net income (loss) $ 734,951 $ 1,494,111 $ (310,847) $ 1,372,789
Basic earnings per common share $ 0.21 $ 0.43 $ (0.09) $ 0.39
Diluted earnings per common share $ 0.21 $ 0.43 $ (0.09) $ 0.39
Weighted average number of common shares outstanding:        
  Basic 3,498,899 3,492,842 3,498,000 3,492,266
  Diluted 3,498,899 3,492,842 3,498,000 3,492,266