Note 14 - Income Taxes (Tables)

12 Months Ended

Aug. 31, 2019

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Fiscal Year Ended August 31,
	2019			2018
Current:
Federal	$	—		$	—
State		48,000			1,000
Foreign		902,000			671,000
		950,000			672,000
Deferred:
Federal		(315,000	)		477,000
State		(21,000	)		24,000
Foreign		228,000			(297,000	)
		(108,000	)		204,000
	$	842,000		$	876,000

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Fiscal Year Ended August 31,
	2019			2018
Tax computed at statutory rates	$	1,398,000		$	2,081,000
State income tax, net of federal benefit		27,000			25,000
Tax effect on equity in income of international joint ventures		(1,490,000	)		(1,903,000	)
Tax effect of foreign operations		672,000			101,000
Deemed repatriation		204,000			4,011,000
Foreign tax credit		-			(3,783,000	)
Research and development credit		(133,000	)		(10,000	)
Valuation allowance		133,000			(173,000	)
Stock based compensation		208,000			57,000
Non-controlling interest		(74,000	)		(103,000	)
Deferred rate change		-			633,000
Other		(103,000	)		(60,000	)
	$	842,000		$	876,000

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	August 31,
	2019			2018
Accrued compensation	$	153,400		$	430,600
Inventory costs		60,900			58,900
Other accrued expenses		39,700			63,700
Goodwill and other intangible assets		688,400			695,800
Stock-based compensation		299,300			197,500
Foreign tax credit carryforward		5,790,500			5,789,600
Other credit and loss carryforwards		3,631,700			3,241,200
Total deferred tax assets		10,683,900			10,477,300
Valuation allowance		(8,764,300	)		(8,654,500	)
Total deferred tax assets after valuation allowance		1,899,600			1,822,800
Property and equipment		(111,900	)		(124,600	)
Other		(153,400	)		(146,200	)
Total deferred tax liabilities		(265,300	)		(270,800	)
Net deferred tax assets	$	1,634,300		$	1,552,000

Summary of Income Tax Contingencies [Table Text Block]

	Fiscal Year Ended August 31,
	2019		2018
Gross unrecognized tax benefits – beginning balance	$	242,000	$	250,000
Gross decreases – prior period tax positions		1,000		(12,000	)
Gross increases – current period tax positions		5,000		4,000
Gross unrecognized tax benefits – ending balance	$	248,000	$	242,000