Income Taxes (Tables)

12 Months Ended

Aug. 31, 2023

Income Taxes

Schedule of provision for income taxes on income from operations

	Years Ended August 31,
	2023		2022
Current:
Federal	$	5,620,000	$	5,547,000
State		2,048,000		1,608,000
Foreign		129,000		322,000
		7,797,000		7,477,000
Deferred:
Federal		—		63,000
State		56,000		270,000
Foreign		(333,000)		—
		(277,000)		333,000
Total	$	7,520,000	$	7,810,000

Schedule of effective income tax rate reconciliation

	Years Ended August 31,
	2023			2022
Current:
Expected income tax provision at statutory rate		21.0	%		21.0	%
Increase (decrease) in taxes due to:
State tax, net of federal benefit		5.5	%		4.4	%
Permanent differences		(0.8)	%		0.1	%
Other, net		0.5	%		1.3	%
Income tax expense		26.2	%		26.8	%

Schedule of deferred taxes

	August 31,
Deferred tax assets (liabilities):	2023		2022
Net operating loss	$	57,000	$	174,000
Accruals and reserves		1,230,000		1,148,000
Income tax credits		1,000		1,000
Capital loss		41,000		40,000
Lease liability		2,689,000		2,789,000
Property and equipment, net		(798,000)		(958,000)
Operating lease, right-of-use assets		(2,640,000)		(2,742,000)
Unrealized gains/losses		204,000		85,000
Total deferred tax assets, net	$	784,000		537,000