Consolidated Balance Sheets - USD ($)	Aug. 31, 2021	Aug. 31, 2020
CURRENT ASSETS:
Cash and cash equivalents	$ 7,680,641	$ 6,403,032
Available for sale securities	4,634	5,544,722
Receivables:
Trade excluding joint ventures, less allowance for doubtful accounts of $382,000 as of August 31, 2021 and $90,000 as of August 31, 2020	11,128,805	8,072,212
Trade joint ventures	624,808	475,900
Fees for services provided to joint ventures	1,505,127	927,286
Income taxes	386,574	19,907
Inventories	11,114,207	10,961,796
Prepaid expenses	1,302,293	797,495
Total current assets	33,747,089	33,202,350
PROPERTY AND EQUIPMENT, NET	11,821,458	7,110,789
OTHER ASSETS:
Investments in joint ventures	27,623,768	24,090,826
Deferred income taxes	92,554	209,729
Patents and trademarks, net	709,572	802,006
Operating lease right of use asset	376,438	658,788
Total other assets	28,802,332	25,761,349
Total assets	74,370,879	66,074,488
CURRENT LIABILITIES:
Accounts payable	4,290,972	3,205,241
Income taxes payable	178,923	310,922
Accrued liabilities:
Payroll and related benefits	2,879,468	1,314,978
Other	894,497	880,118
Current portion of operating lease	272,336	386,345
Total current liabilities	8,516,196	6,097,604
LONG-TERM LIABILITIES:
Operating lease, less current portion	104,102	272,443
Total long-term liabilities	104,102	272,443
COMMITMENTS AND CONTINGENCIES (Note 15)
EQUITY:
Preferred stock, no par value; authorized 10,000 shares; none issued and outstanding	0	0
Common stock, $0.02 par value per share; authorized 15,000,000 shares as of August 31, 2021 and August 31, 2020; issued and outstanding 9,184,811 and 9,099,990, respectively	183,696	182,000
Additional paid-in capital	18,736,268	17,415,043
Retained earnings	46,973,092	42,472,810
Accumulated other comprehensive loss	(3,525,030)	(3,410,438)
Stockholders’ equity	62,368,026	56,659,415
Non-controlling interests	3,382,555	3,045,026
Total equity	65,750,581	59,704,441
Total liabilities and equity	$ 74,370,879	$ 66,074,488