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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Nov. 30, 2017
Aug. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 4,627,213 $ 6,360,201
Available for sale securities 3,770,241 3,766,984
Trade excluding joint ventures, less allowance for doubtful accounts of $40,000 at November 30, 2017 and August 31, 2017 7,251,821 5,912,631
Trade joint ventures 520,653 691,752
Fees for services provided to joint ventures 1,310,818 1,302,944
Income taxes 137,256
Inventories 7,969,328 7,456,552
Prepaid expenses 760,567 439,298
Total current assets 26,210,641 26,067,618
PROPERTY AND EQUIPMENT, NET 7,235,301 7,359,662
OTHER ASSETS:    
Investments in joint ventures 21,701,913 20,035,074
Deferred income taxes 1,756,565 1,756,565
Patents and trademarks, net 1,291,335 1,322,089
Other 71,685
Total other assets 24,749,813 23,185,413
Total assets 58,195,755 56,612,693
CURRENT LIABILITIES:    
Accounts payable 3,797,674 2,676,610
Income taxes payable 15,565
Accrued liabilities:    
Payroll and related benefits 955,903 1,540,386
Other 1,058,793 677,621
Total current liabilities 5,827,935 4,894,617
COMMITMENTS AND CONTINGENCIES (Note 12)
EQUITY:    
Preferred stock, no par value; authorized 10,000 shares; none issued and outstanding
Common stock, $0.02 par value per share; authorized 10,000,000 shares; issued and outstanding 4,537,408 and 4,535,018, respectively 90,748 90,700
Additional paid-in capital 14,294,584 14,163,509
Retained earnings 37,706,367 37,077,483
Accumulated other comprehensive loss (2,518,243) (2,471,064)
Stockholders’ equity 49,573,456 48,860,628
Non-controlling interest 2,794,364 2,857,448
Total equity 52,367,820 51,718,076
Total liabilities and equity $ 58,195,755 $ 56,612,693