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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Nov. 30, 2023
Nov. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 1,291,541 $ (73,760)
Items not involving an outlay of cash:    
    Depreciation and amortization 97,903 111,536
    Stock-based compensation expense 23,303
    Gain on sale of property, plant and equipment (89,655)
    Write-down of intangible assets 21,790  
    Deferred income taxes 90,813 (20,002)
Changes in non-cash working capital items:    
    Decrease in accounts receivable 2,269,494 1,954,249
    Decrease (increase) in inventory 825,631 (1,370,146)
    Decrease in prepaid expenses 17,430 488,461
    Decrease in prepaid income taxes 412
    (Decrease) in accounts payable and accrued liabilities (95,032) (419,811)
    Increase in income taxes payable 202,116
Net cash provided by (used by) operating activities 4,632,031 694,242
CASH FLOWS FROM INVESTING ACTIVITIES    
    Proceeds on sale of property, plant and equipment 101,700
    Purchase of property, plant and equipment (36,223)
Net cash provided by (used in) investing activities 101,700 (36,223)
CASH FLOWS FROM FINANCING ACTIVITIES    
    (Repayment of) proceeds from bank indebtedness (1,259,259) 600,000
Net cash (used) provided by financing activities (1,259,259) 600,000
Net increase in cash 3,474,472 1,258,019
Cash, beginning of period 83,696 484,463
Cash, end of period $ 3,558,168 $ 1,742,482