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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
May 31, 2025
Aug. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 6,773,401 $ 4,952,184
Receivables:    
Trade, less allowance for credit losses of $310,000 as of May 31, 2025 and August 31, 2024 16,611,517 19,187,079
Fees for services provided to joint ventures 1,113,346 1,235,016
Income taxes 993,317 392,293
Inventories, net 14,922,885 14,390,844
Prepaid expenses 2,185,920 1,421,803
Total current assets 42,600,386 41,579,219
PROPERTY AND EQUIPMENT, NET 15,459,229 16,265,653
OTHER ASSETS:    
Investments in joint ventures 27,139,197 25,397,287
Deferred income tax, net 491,566 544,464
Intangible assets, net 8,464,861 5,682,945
Goodwill 4,782,376 4,782,376
Operating lease right of use assets 365,766 424,558
Total other assets 41,243,766 36,831,630
Total assets 99,303,381 94,676,502
CURRENT LIABILITIES:    
Line of credit 7,369,949 4,291,608
Term loan 2,778,125 2,820,835
Accounts payable 7,230,630 6,393,355
Income taxes payable 319,941 327,781
Accrued liabilities:    
Payroll and related benefits 1,970,408 3,163,372
Other 1,187,271 574,876
Current portion of operating leases 82,347 325,116
Total current liabilities 20,938,671 17,896,943
LONG-TERM LIABILITIES:    
Deferred income tax, net 1,504,796 1,504,796
Operating leases, less current portion 283,419 99,442
Total long-term liabilities 1,788,215 1,604,238
Commitments and Contingencies  
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 of May 31, 2025 and August 31, 2024; issued and outstanding 9,474,363 and 9,466,980, respectively 189,487 189,340
Additional paid-in capital 24,715,123 23,615,564
Retained earnings 53,467,780 53,771,211
Accumulated other comprehensive loss (6,017,390) (6,382,124)
Stockholders’ equity 72,355,000 71,193,991
Non-controlling interests 4,221,495 3,981,330
Total equity 76,576,495 75,175,321
Total liabilities and equity 99,303,381 94,676,502
Intangible Assets Excluding Patents and Trademarks [Member]    
OTHER ASSETS:    
Intangible assets, net $ 8,464,861 $ 5,682,945