Income Taxes (Tables)

12 Months Ended

Aug. 31, 2013

Schedule Of Provision For Income Tax [Table Text Block]

The following summarizes the Company’s provision for income taxes on income from continuing operations:

	For the Year Ended August 31, 2013		For the Year Ended August 31, 2012
Current:
Federal	$	467,000	$	62,000
State		269,000		363,000
Foreign		(94,000)		—
		642,000		425,000

Deferred:
Federal		1,113,000		1,237,000
State		(446,000)		29,000
Foreign		—		(12,000)
		667,000		1,254,000
	$	1,309,000	$	1,679,000

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Income taxes for the years ended August 31, 2013 and 2012 differ from the amounts computed by applying the federal statutory corporate rate of 34% to the pre-tax income from continuing operations. The differences are reconciled as follows:

	For the Year Ended		For the Year Ended
	August 31, 2013		August 31, 2012
Current:
Expected income tax at statutory rate	$	1,335,000	$	1,393,000
Increase (decrease) in taxes due to:
State tax, net of federal benefit		197,000		194,000
Permanent differences		24,000		22,000
Change in deferred tax asset valuation allowance		(2,392,000)		(261,000)
Other, net		2,145,000		331,000
Income tax expense	$	1,309,000	$	1,679,000

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The components of deferred taxes at August 31, 2013 and 2012 are summarized below:

	August 31,		August 31,
	2013		2012

Deferred tax assets:
Net operating loss	$	432,000	$	1,584,000
Capital losses		1,344,000		3,351,000
Allowance for doubtful accounts		49,000		89,000
Accrued expenses		186,000		190,000
Accrued worker’s compensation		987,000		1,048,000
Related party interest accrual		—		—
Inventory reserve		618,000		602,000
Unrealized losses (gain) on investment		(37,000)		(4,000)
Excess of tax over book depreciation		562,000		305,000
Other		267,000		263,000
Total deferred tax assets		4,368,000		7,428,000
Valuation allowance		(1,495,000)		(3,887,000)
		2,873,000		3,541,000

Deferred tax liabilities:
Deferred gains		(1,140,000)		(1,140,000)
Total deferred tax liabilities		(1,140,000)		(1,140,000)

Net deferred tax assets	$	1,733,000	$	2,401,000