XML 67 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
Aug. 31, 2013
Aug. 31, 2012
CURRENT ASSETS:    
Cash and cash equivalents $ 4,314,258 $ 4,137,547
Trade excluding joint ventures, less allowance for doubtful accounts of $20,000 at August 31, 2013 and 2012 3,329,995 2,516,961
Trade joint ventures 859,434 734,543
Fees for services provided to joint ventures 2,446,017 1,316,933
Income taxes 144,939 58,129
Inventories 5,111,549 4,151,197
Prepaid expenses 258,765 548,331
Deferred income taxes 467,548 596,085
Total current assets 16,932,505 14,059,726
PROPERTY AND EQUIPMENT, net 5,323,612 4,288,618
OTHER ASSETS:    
Investments in joint ventures 24,702,981 21,461,492
Deferred income taxes 1,034,212 1,030,610
Patents and trademarks, net 1,060,639 961,181
Other   76,000
Total other assets 26,797,832 23,529,283
Total assets 49,053,949 41,877,627
CURRENT LIABILITIES:    
Current portion of note payable (Note 8) 76,119 76,120
Accounts payable 1,830,729 1,818,309
Accrued liabilities:    
Payroll and related benefits 1,277,942 1,565,866
Deferred joint venture royalties 288,000 288,000
Other 189,263 251,350
Total current liabilities 3,662,053 3,999,645
NOTE PAYABLE, NET OF CURRENT PORTION (Note 8) 857,295 933,413
COMMITMENTS AND CONTINGENCIES (Note 16)      
EQUITY:    
Preferred stock, no par value; authorized 10,000 shares; none issued and outstanding 0 0
Common stock, $0.02 par value per share; authorized 10,000,000 shares; issued and outstanding 4,432,036 and 4,421,636, respectively 88,641 88,073
Additional paid-in capital 11,701,942 11,130,966
Retained earnings 28,626,928 25,260,034
Accumulated other comprehensive income 316,161 277,583
Stockholders’ equity 40,733,672 36,756,656
Non-controlling interests 3,800,929 187,913
Total equity 44,534,601 36,944,569
Total liabilities and equity $ 49,053,949 $ 41,877,627