XML 12 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Feb. 25, 2018
Aug. 27, 2017
Current Assets:    
Cash and cash equivalents $ 4,072,223 $ 5,846,933
Accounts receivable 3,363,530 2,739,087
Inventories 4,532,237 3,131,679
Prepaid and other current assets 67,767 78,409
Total Current Assets 12,035,757 11,796,108
Property, Plant and Equipment – Net 10,650,157 10,320,808
Goodwill and other assets, net 2,368,452 2,368,452
Total Assets 25,054,366 24,485,368
Current Liabilities:    
Trade accounts payable 2,416,650 2,058,992
Accrued compensation and employee withholdings 711,626 664,277
Other accrued expenses and deferred revenue 139,827 530,552
Current portion of long-term debt 1,310,566 1,438,057
Total Current Liabilities 4,578,669 4,691,878
Long-term debt, less current portion 5,928,841 5,441,848
Deferred tax liabilities 465,554 915,068
Stockholders’ Equity:    
Common stock, par value $.10 a share; authorized 10,000,000 shares; issued and outstanding 2,969,208 and 2,959,940 shares, respectively 296,922 295,994
Capital in excess of par value 4,144,918 4,192,578
Deferred Compensation (76,500)
Retained earnings 9,639,462 9,024,502
Total Stockholders’ Equity 14,081,302 13,436,574
Total Liabilities and Stockholders’ Equity $ 25,054,366 $ 24,485,368