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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Nov. 30, 2023
Nov. 30, 2022
Condensed Consolidated Statements of Income (Unaudited)    
Net sales $ 80,255,000 $ 76,319,000
Cost of sales 56,683,000 54,656,000
Gross margin 23,572,000 21,663,000
Operating expenses:    
Selling, general and administrative expenses 17,217,000 15,685,000
Impairment on termination of lease 3,906,000  
Income from operations 2,449,000 5,978,000
Other (expense) income:    
Net (loss) gain on trading securities (44,000) 442,000
Interest and other expense, net (9,000) (48,000)
Other (expense) income, net (53,000) 394,000
Income before income taxes 2,396,000 6,372,000
Provision for income taxes 617,000 1,661,000
Net income 1,779,000 4,711,000
Cumulative preferred stock dividend (19,000) (19,000)
Net income attributable to common shareholders $ 1,760,000 $ 4,692,000
Basic earnings per common share: $ 0.36 $ 0.97
Diluted earnings per common share: $ 0.36 $ 0.97
Basic weighted average common shares outstanding 4,861,590 4,861,590
Diluted weighted average common shares outstanding 4,861,590 4,861,590