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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Nov. 26, 2017
Aug. 27, 2017
Current Assets:    
Cash and cash equivalents $ 5,987,078 $ 5,846,933
Accounts receivable 2,319,250 2,739,087
Inventories 4,755,795 3,131,679
Prepaid and other current assets 54,690 78,409
Total Current Assets 13,116,813 11,796,108
Property, Plant and Equipment – Net 10,856,286 10,320,808
Goodwill and other assets, net 2,368,452 2,368,452
Total Assets 26,341,551 24,485,368
Current Liabilities:    
Trade accounts payable 2,703,568 2,058,992
Accrued compensation and employee withholdings 736,577 664,277
Other accrued expenses 786,167 530,552
Current portion of long-term debt 1,384,585 1,438,057
Total Current Liabilities 5,610,897 4,691,878
Long-term debt, less current portion 6,208,942 5,441,848
Deferred tax liabilities 1,128,851 915,068
Stockholders’ Equity:    
Common stock, par value $.10 a share; authorized 10,000,000 shares; issued and outstanding 2,951,676 and 2,959,940 shares, respectively 295,168 295,994
Capital in excess of par value 3,987,470 4,192,578
Deferred compensation (76,500)
Retained earnings 9,110,223 9,024,502
Total Stockholders’ Equity 13,392,861 13,436,574
Total Liabilities and Stockholders’ Equity $ 26,341,551 $ 24,485,368