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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
May 31, 2024
May 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 912,257 $ (310,847)
Items not involving an outlay of cash:    
Depreciation and amortization 268,349 299,577
Stock-based compensation expense 32,064 23,303
Gain on sale of property, plant and equipment (90,537) 0
Write-down of intangible assets 21,790 0
Deferred income tax expense (76,913) (366,566)
Changes in non-cash working capital items:    
Increase in accounts receivable (1,773,420) (338,489)
Decrease in inventory 4,868,114 103,083
(Increase) decrease in prepaid expenses (771,684) 242,427
Decrease in prepaid income taxes 0 208,963
(Decrease) increase in accounts payable and accrued liabilities (1,252,341) 1,541,107
Increase in income taxes payable 96,479 147,215
Net cash provided by operating activities 2,234,158 1,549,773
CASH FLOWS FROM INVESTING ACTIVITIES    
Increase in intangible assets 0 (102,500)
Proceeds on sale of property, plant and equipment 106,649  
Purchase of property, plant and equipment (110,540) (215,685)
Net cash used in investing activities (3,891) (318,185)
CASH FLOWS FROM FINANCING ACTIVITIES    
(Repayment to) proceeds from bank indebtedness (1,259,259) 1,000,000
Net cash (used in) provided by financing activities (1,259,259) 1,000,000
Net increase in cash 971,008 2,231,588
Cash, beginning of period 83,696 484,463
Cash, end of period $ 1,054,704 $ 2,716,051