Note 17 - Income Taxes

6 Months Ended

Feb. 28, 2022

Notes to Financial Statements

Income Tax Disclosure [Text Block]

17.       INCOME TAXES

Income tax expense for the three and six months ended February 28, 2022 was $151,743 and $656,123, respectively, compared to $274,660 and $653,250, respectively, for the three and six months ended February 28, 2021. The expense was largely due to foreign operations. The Company has federal and state tax credit carry forwards, net operating loss carry forwards and foreign tax carry forwards. The Company has recorded a full valuation allowance against the U.S. deferred tax assets as of February 28, 2022 and August 31, 2021.