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Note 15 - Income Taxes - Tax Effect of the Temporary Differences and Tax Carry Forwards Comprising Net Deferred Taxes (Details) - USD ($)
Aug. 31, 2017
Aug. 31, 2016
Accrued compensation $ 310,300 $ 150,600
Inventory costs 87,000 95,300
Accrued joint venture expenses 15,200 54,200
Other accrued expenses 74,000 87,000
Goodwill and other intangible assets 1,317,700 1,332,000
Stock-based compensation 241,600 210,600
Foreign tax credit carryforward 6,105,700 5,679,000
Other credit and loss carryforwards 3,473,100 3,214,300
Total deferred tax assets 11,624,600 10,823,000
Valuation allowance (9,578,700) (8,893,300)
Total deferred tax assets after valuation allowance 2,045,900 1,929,700
Property and equipment (206,000) (215,600)
Other (83,300) (74,300)
Total deferred tax liabilities (289,300) (289,900)
Net deferred tax assets $ 1,756,600 $ 1,639,800