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Consolidated Balance Sheets - USD ($)
Aug. 31, 2025
Aug. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 7,250,523 $ 4,952,184
Receivables:    
Trade, less allowance for credit losses of $235,000 and $310,000 as of August 31, 2025 and 2024 18,443,230 19,187,079
Fees for services provided to joint ventures 1,077,552 1,235,016
Income taxes 340,002 392,293
Inventories, net 15,525,230 14,390,844
Prepaid expenses 1,706,279 1,421,803
Total current assets 44,342,816 41,579,219
PROPERTY AND EQUIPMENT, NET 15,183,918 16,265,653
OTHER ASSETS:    
Investments in joint ventures 28,611,777 25,397,287
Deferred income tax, net 503,575 544,464
Intangible assets, net 8,827,768 5,682,945
Goodwill 4,782,376 4,782,376
Operating lease right of use assets 493,050 424,558
Total other assets 43,218,546 36,831,630
Total assets 102,745,280 94,676,502
CURRENT LIABILITIES:    
Line of credit 9,329,021 4,291,608
Term loan, current portion 2,860,256 2,820,835
Accounts payable 8,044,196 6,393,355
Income taxes payable 414,304 327,781
Payroll and related benefits 1,844,817 3,163,372
Other 1,066,761 574,876
Current portion of operating leases 344,739 325,116
Total current liabilities 23,904,094 17,896,943
LONG-TERM LIABILITIES:    
Deferred income tax, net 1,513,166 1,504,796
Term loans, noncurrent portion 466,984 0
Operating leases, less current portion 148,311 99,442
Total long-term liabilities 2,128,461 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; issued and outstanding 9,475,490 and 9,466,976, as of August 31, 2025 and 2024, respectively 189,510 189,340
Additional paid-in capital 25,056,976 23,615,564
Retained earnings 52,273,469 53,771,211
Accumulated other comprehensive loss (5,371,201) (6,382,124)
Stockholders’ equity 72,148,754 71,193,991
Non-controlling interests 4,563,971 3,981,330
Total equity 76,712,725 75,175,321
Total liabilities and equity 102,745,280 94,676,502
Intangible Assets Excluding Patents and Trademarks [Member]    
OTHER ASSETS:    
Intangible assets, net $ 8,827,768 $ 5,682,945