XML 10 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Income - USD ($)
3 Months Ended
Nov. 30, 2021
Nov. 30, 2020
Condensed Consolidated Statements of Income    
Net sales $ 63,822,000 $ 53,403,000
Cost of sales 45,644,000 38,951,000
Gross margin 18,178,000 14,452,000
Operating expenses:    
Selling, general and administrative expenses 8,895,000 12,681,000
Income from operations 9,283,000 1,771,000
Other (expense):    
Net loss on trading securities (56,000) (553,000)
Interest and other expense, net (52,000) (69,000)
Other (expense), net (108,000) (622,000)
Income before income taxes 9,175,000 1,149,000
Provision for income taxes 2,389,000 298,000
Net income 6,786,000 851,000
Cumulative preferred stock dividend (19,000) (19,000)
Net income attributable to common shareholders $ 6,767,000 $ 832,000
Basic earnings per common share: $ 1.39 $ 0.17
Diluted earnings per common share: $ 1.39 $ 0.17
Basic weighted average common shares outstanding 4,861,590 4,861,590
Diluted weighted average common shares outstanding 4,861,590 4,861,590