Note 14 - Related Party Transactions

12 Months Ended

Aug. 31, 2017

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

14.

RELATED PARTY TRANSACTIONS

During fiscal

2017

and fiscal

2016,

the Company made consulting payments of

$137,666

and

$100,000,

respectively, to Bioplastic Polymers LLC, an entity owned by Ramani Narayan, Ph.D., a director of the Company, and paid royalties of

$10,136

and

$31,463,

respectively, based on net sales of the Company’s bioplastics products.