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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Feb. 29, 2016
Aug. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 2,531,340 $ 2,623,981
Available for sale securities 2,733,079 2,027,441
Trade excluding joint ventures, less allowance for doubtful accounts of $40,000 at February 29, 2016 and August 31, 2015 4,139,536 4,027,167
Trade joint ventures 764,017 645,377
Fees for services provided to joint ventures 1,206,625 1,449,162
Income taxes 541,431 198,462
Inventories 7,300,153 7,468,441
Prepaid expenses 586,042 411,473
Deferred income taxes 424,108 424,108
Total current assets 20,226,331 19,275,612
PROPERTY AND EQUIPMENT, NET 7,310,826 7,293,163
OTHER ASSETS:    
Investments in joint ventures 17,952,996 20,544,238
Investments at carrying value (Note 7) 1,883,668 1,883,668
Deferred income taxes 1,175,290 1,176,012
Patents and trademarks, net 1,230,760 1,262,219
Other 218,954 130,736
Total other assets 22,461,668 24,996,873
Total assets 49,998,825 51,565,648
CURRENT LIABILITIES:    
Accounts payable 1,866,737 2,101,175
Accrued liabilities:    
Payroll and related benefits 475,634 1,056,257
Other 402,903 514,409
Total current liabilities $ 2,745,274 $ 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 4,536,022 and 4,539,045, respectively 90,720 90,781
Additional paid-in capital 13,629,454 13,441,264
Retained earnings 34,180,731 34,522,871
Accumulated other comprehensive loss (3,653,208) (3,180,811)
Stockholders’ equity 44,247,697 44,874,105
Non-controlling interest 3,005,854 3,019,702
Total equity 47,253,551 47,893,807
Total liabilities and equity $ 49,998,825 $ 51,565,648