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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Aug. 31, 2024
Aug. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) for the year $ 721,753 $ (20,626)
Items not affecting cash:    
Depreciation and amortization 352,866 397,922
Stock-based compensation expense 32,064 23,303
Gain on sale of property, plant and equipment (90,787) (70,250)
Deferred income taxes (21,154) (294,877)
Changes in non-cash working capital items:    
Decrease in accounts receivable 1,966,109 1,556,722
Decrease in inventory 5,181,805 2,293,265
(Increase) decrease in prepaid expenses (260,902) 481,787
(Increase) decrease in prepaid income taxes (50,326) 208,963
(Decrease) increase in accounts payable and accrued liabilities (1,655,018) 872,302
(Decrease) increase in income taxes payable (147,629) 147,629
Net cash and cash equivalents provided by operating activities 6,028,781 5,596,140
CASH FLOWS FROM INVESTING ACTIVITIES    
Increase in intangible assets 0 (102,500)
Proceeds on sale of property, plant and equipment 110,689 70,250
Purchase of property, plant and equipment (110,540) (223,916)
Net cash and cash equivalents provided by (used in) investing activities 149 (256,166)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of bank indebtedness (1,259,259) (5,740,741)
Net cash and cash equivalents used in financing activities (1,259,259) (5,740,741)
Net increase (decrease) in cash and cash equivalents 4,769,671 (400,767)
Cash and cash equivalents, beginning of year 83,696 484,463
Cash and cash equivalents, end of year $ 4,853,367 $ 83,696