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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
May 31, 2024
May 31, 2023
May 31, 2024
May 31, 2023
Income Statement [Abstract]        
SALES $ 15,896,017 $ 18,945,738 $ 33,931,050 $ 39,666,658
COST OF SALES 12,944,941 14,532,366 26,959,377 30,473,044
GROSS PROFIT 2,951,076 4,413,372 6,971,673 9,193,614
OPERATING EXPENSES        
Selling, general and administrative expenses 1,026,071 961,566 2,941,978 2,884,463
Depreciation and amortization 79,406 99,962 268,349 299,577
Wages and employee benefits 1,790,004 2,100,825 5,221,662 5,975,438
Total operating expenses 2,895,481 3,162,353 8,431,989 9,159,478
Income (loss) from operations 55,595 1,251,019 (1,460,316) 34,136
OTHER ITEMS        
Other income 0 0 2,450,000 0
Gain on sale of assets 1,450 0 90,537 0
Interest (expense) income (1,437) (152,905) 11,527 (353,987)
Total other items 13 (152,905) 2,552,064 (353,987)
Income (loss) before income taxes 55,608 1,098,114 1,091,748 (319,851)
Income tax expense (recovery) (99,254) 363,163 179,491 (9,004)
Net income (loss) $ 154,862 $ 734,951 $ 912,257 $ (310,847)
Basic earnings (loss) per common share $ 0.04 $ 0.21 $ 0.26 $ (0.09)
Diluted earnings (loss) per common share $ 0.04 $ 0.21 $ 0.26 $ (0.09)
Weighted average number of common shares outstanding:        
Basic 3,504,802 3,498,899 3,502,399 3,498,000
Diluted 3,504,802 3,498,899 3,502,399 3,498,000