Note 14 - Income Taxes (Tables)

12 Months Ended

Aug. 31, 2024

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Fiscal Year Ended August 31,
	2024			2023
Current:
Federal	$	—		$	—
State		48,000			26,000
Foreign		1,601,000			1,857,000
		1,649,000			1,883,000
Deferred:
Federal		—			—
State		—			—
Foreign		(323,203	)		(533,400	)
		(323,203	)		(533,400	)
	$	1,325,797		$	1,349,600

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Fiscal Year Ended August 31,
	2024			2023
Tax computed at statutory rates	$	1,627,000		$	1,352,000
State income tax, net of federal benefit		21,000			(20,000	)
Tax effect on equity in income of international joint ventures		(887,000	)		(1,354,000	)
Tax effect of foreign operations		371,000			1,005,000
Deemed repatriation		4,000			—
Foreign tax credit		(321,000	)		783,000
Research and development credit		(512,000	)		(710,000	)
Valuation allowance		1,066,000			354,000
Stock based compensation		175,000			31,000
Non-controlling interest		(71,000	)		(59,000	)
Prior year true-up		(146,000	)		(51,000	)
Other		(1,203	)		18,600
	$	1,325,797		$	1,349,600

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	August 31,
	2024			2023
Stock-based compensation	$	637,100		$	556,700
Foreign tax credit carryforward		3,844,800			4,036,000
Capitalized research and experimentation		2,037,800			1,106,000
Other credit and loss carryforward		5,974,200			6,034,000
Other		965,368			1,048,800
Total deferred tax assets		13,459,268			12,781,500
Valuation allowance		(12,694,800	)		(11,933,700	)
Total deferred tax assets after valuation allowance		764,468			847,800
Right-of-use asset		(64,700	)		(66,200	)
Intangible assets		(1,564,200	)		(1,670,700	)
Unremitted foreign earnings		(34,800	)		(214,800	)
Other		(61,100	)		(201,215	)
Total deferred tax liabilities		(1,724,800	)		(2,152,915	)
Net deferred tax liabilities	$	(960,332	)	$	(1,305,115	)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	Fiscal Year Ended August 31,
	2024			2023
Gross unrecognized tax benefits – beginning balance	$	361,200		$	319,000
Gross (decreases) increases – prior period tax positions		(5,400	)		100
Gross increases – current period tax positions		43,500			42,100
Gross unrecognized tax benefits – ending balance	$	399,300		$	361,200