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CONSOLIDATED BALANCE SHEETS (USD $)
Aug. 31, 2012
Aug. 31, 2011
Cash $ 7,309,388 $ 6,774,127
Accounts receivable, net of allowance of $6,509 (August 31, 2011 - $0) 3,092,842 3,897,086
Inventory, net of allowance of $139,869 (August 31, 2011 - $204,860) (note 3) 7,085,389 5,815,593
Note receivable 20,000 41,500
Prepaid expenses 388,957 848,341
Prepaid income taxes   682,527
Total current assets 17,896,576 18,059,174
Property, plant and equipment, net (note 4) 1,997,109 1,850,037
Intangible assets, net (note 5) 444,203 510,771
Deferred income taxes (note 6) 101,573 157,862
Total assets 20,439,461 20,577,844
Accounts payable 1,577,182 519,265
Litigation reserve (Note 13(a)) 170,819 1,627,915
Accrued liabilities 1,181,067 941,846
Accrued income taxes 37,203  
Total current liabilities 2,966,271 3,089,026
1,567,971 common shares (August 31, 2011 - 1,908,457) 1,479,721 1,801,043
Additional paid-in capital 600,804 600,804
Retained earnings 15,392,665 15,086,971
Total stockholders' equity 17,473,190 17,488,818
Total liabilities and stockholders' equity $ 20,439,461 $ 20,577,844