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Note 14 - 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, 2019
Aug. 31, 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)
Total income tax expense $ 841,837 $ 876,103