INCOME TAXES (Tables)

12 Months Ended

Aug. 31, 2023

INCOME TAXES

Deferred Tax Assets (Liabilities)

(In thousands)	August 31, 2023		August 31, 2022
Deferred tax assets (liabilities):
Depreciation and depletion	$	(2,155)	$	(2,061)
Non-qualified stock options		484		568
Accrued compensation		170		279
Deferred revenues		121		108
Other		28		31
Net deferred tax liability	$	(1,352)	$	(1,075)

Statutory to Effective Income Tax Reconciliation

	Year Ended
	August 31, 2023		August 31, 2022
Expected expense (benefit) from federal taxes at statutory rate of 21% for the years 2023 and 2022	$	1,306	$	2,668
State taxes, net of federal benefit		201		456
Permanent and other differences		(57)		4
Stock Compensation		12		22
Other		59		(64)
Total income tax expense	$	1,521	$	3,086