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Note 15 - Income Taxes - Reconciliations of the Expected Federal Income Tax at the Statutory Rate with the Provisions for Income Taxes (Details) - USD ($)
12 Months Ended
Aug. 31, 2017
Aug. 31, 2016
Tax computed at statutory rates $ 1,591,000 $ (195,000)
State income tax, net of federal benefit 53,000 20,000
Tax effect on equity in income of international joint ventures (1,998,000) (956,000)
Tax effect on dividends received from joint ventures and investment at carrying value 3,159,000 2,681,000
Tax effect of foreign operations 841,000 997,000
Foreign tax credit (3,680,000) (3,178,000)
Research and development credit (212,000) (408,000)
Valuation allowance 989,000 1,620,000
Stock based compensation 81,000 90,000
Non-controlling interest (143,000) (148,000)
Other 19,000 103,000
Total income tax expense $ 699,519 $ 626,120