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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Nov. 30, 2015
Aug. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 3,072,015 $ 2,623,981
Available for sale securities 528,867 2,027,441
Trade excluding joint ventures, less allowance for doubtful accounts of $40,000 at November 30, 2015 and August 31, 2015 3,637,387 4,027,167
Trade joint ventures 599,616 645,377
Fees for services provided to joint ventures 1,496,054 1,449,162
Income taxes 323,817 198,462
Inventories 7,628,754 7,468,441
Prepaid expenses 573,018 411,473
Deferred income taxes 424,108 424,108
Total current assets 18,283,636 19,275,612
PROPERTY AND EQUIPMENT, NET 7,394,484 7,293,163
OTHER ASSETS:    
Investments in joint ventures 20,369,002 20,544,238
Investments at carrying value (Note 6) 1,883,668 1,883,668
Deferred income taxes 1,175,928 1,176,012
Patents and trademarks, net 1,245,060 1,262,219
Other 240,913 130,736
Total other assets 24,914,571 24,996,873
Total assets 50,592,691 51,565,648
CURRENT LIABILITIES:    
Accounts payable 2,324,787 2,101,175
Accrued liabilities:    
Payroll and related benefits 768,783 1,056,257
Other 433,938 514,409
Total current liabilities $ 3,527,508 $ 3,671,841
COMMITMENTS AND CONTINGENCIES (Note 18)
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 4,538,317 and 4,539,045, respectively 90,766 90,781
Additional paid-in capital 13,550,424 13,441,264
Retained earnings 34,288,520 34,522,871
Accumulated other comprehensive loss (4,049,004) (3,180,811)
Stockholders’ equity 43,880,706 44,874,105
Non-controlling interest 3,184,477 3,019,702
Total equity 47,065,183 47,893,807
Total liabilities and equity $ 50,592,691 $ 51,565,648