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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Feb. 28, 2022
Aug. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 7,487,811 $ 7,680,641
Available for sale securities 4,634 4,634
Receivables:    
Trade, excluding joint ventures, less allowance for doubtful accounts of $382,000 as of February 28, 2022 and August 31, 2021 12,457,917 11,128,805
Trade, joint ventures 905,961 624,808
Fees for services provided to joint ventures 1,078,702 1,505,127
Income taxes 570,483 386,574
Inventories 12,978,217 11,114,207
Prepaid expenses 3,113,898 1,302,293
Total current assets 38,597,623 33,747,089
PROPERTY AND EQUIPMENT, NET 12,336,699 11,821,458
OTHER ASSETS:    
Investments in joint ventures 21,852,070 27,623,768
Deferred income taxes 0 92,554
Goodwill 4,782,376 0
Operating lease right of use asset 528,645 376,438
Total other assets 34,016,329 28,802,332
Total assets 84,950,651 74,370,879
CURRENT LIABILITIES:    
Accounts payable 5,948,430 4,290,972
Line of credit 4,200,000 0
Income taxes payable 152,183 178,923
Accrued liabilities:    
Payroll and related benefits 1,694,506 2,879,468
Other 1,091,861 894,497
Current portion of operating lease 184,206 272,336
Total current liabilities 13,271,186 8,516,196
LONG-TERM LIABILITIES:    
Deferred income tax, net 1,897,259 0
Operating lease, less current portion 344,439 104,102
Total long-term liabilities 2,241,698 104,102
COMMITMENTS AND CONTINGENCIES (Note 14)
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 15,000,000 shares as ofFebruary 28, 2022 and August 31, 2021; issued and outstanding 9,221,517 and 9,184,811, respectively 184,430 183,696
Additional paid-in capital 19,379,032 18,736,268
Retained earnings 50,361,066 46,973,092
Accumulated other comprehensive loss (3,858,689) (3,525,030)
Stockholders’ equity 66,065,839 62,368,026
Non-controlling interests 3,371,928 3,382,555
Total equity 69,437,767 65,750,581
Total liabilities and equity 84,950,651 74,370,879
Patents and Trademarks [Member]    
OTHER ASSETS:    
Intangible assets, net 717,805 709,572
Intangible Assets Excluding Patents and Trademarks [Member]    
OTHER ASSETS:    
Intangible assets, net $ 6,135,433 $ 0