XML 24 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
May 31, 2012
May 31, 2011
Net income $ 2,288,897 $ 254,938
Depreciation and amortization 186,773 196,430
Loss on sale of property, plant and equipment   (2,652)
Deferred income tax expense (recovery) 2,052 3,582
(Increase) decrease in accounts receivable (1,276,868) (677,014)
(Increase) decrease in inventory 817,143 (611,574)
(Increase) in note receivable (20,000)  
(Increase) decrease in prepaid expenses (859,629) (87,764)
(Increase) decrease in prepaid income taxes 682,527 (647,530)
(Decrease) increase in accounts payable and accrued liabilities (1,035,089) 1,905,884
(Decrease) increase in accrued income taxes 204,170  
Net cash provided by operating activities 989,976 339,604
Purchase of property, plant and equipment (36,206) (61,122)
Purchase of intangible assets and other (13,050)  
Proceeds from sale of property, plant and equipment   5,450
Net cash used in investing activities (49,256) (55,672)
Redemption of common stock (3,075,559) (3,361,970)
Net cash used in financing activities (3,075,559) (3,361,970)
Net increase (decrease) in cash and cash equivalents (2,134,839) (3,078,038)
Cash and cash equivalents, beginning of period 6,774,127 8,710,314
Cash and cash equivalents, end of period $ 4,639,288 $ 5,632,276