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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Feb. 28, 2023
Aug. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 5,451,111 $ 5,333,890
Available for sale securities 0 5,590
Receivables:    
Trade, excluding joint ventures, less allowance for doubtful accounts of $439,000 as of February 28, 2023 and August 31, 2022 14,675,017 14,136,930
Trade, joint ventures 1,614,934 697,861
Fees for services provided to joint ventures 1,108,907 1,765,117
Income taxes 313,270 0
Inventories 15,180,239 16,341,729
Prepaid expenses 1,833,124 1,953,764
Total current assets 40,176,602 40,234,881
PROPERTY AND EQUIPMENT, NET 13,445,966 12,170,493
OTHER ASSETS:    
Investments in joint ventures 21,522,496 21,814,754
Intangible asset, net 6,409,028 6,633,878
Goodwill 4,782,376 4,782,376
Operating lease right of use asset 374,037 557,571
Total other assets 33,087,937 33,788,579
Total assets 86,710,505 86,193,953
CURRENT LIABILITIES:    
Accounts payable 6,307,443 7,796,494
Line of credit 7,100,000 5,900,000
Income taxes payable 0 30,742
Accrued liabilities:    
Payroll and related benefits 1,304,717 2,297,543
Other 1,292,950 667,292
Current portion of operating leases 173,179 373,330
Total current liabilities 16,178,289 17,065,401
LONG-TERM LIABILITIES:    
Deferred income tax, net 1,623,364 1,700,015
Operating leases, less current portion 200,858 184,241
Total long-term liabilities 1,824,222 1,884,256
Commitments and Contingencies  
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 February 28, 2023 and August 31, 2022; issued and outstanding 9,366,357 and 9,232,483, respectively 187,327 184,650
Additional paid-in capital 21,058,721 19,939,131
Retained earnings 50,792,813 50,716,613
Accumulated other comprehensive loss (6,774,510) (7,245,132)
Stockholders’ equity 65,264,351 63,595,262
Non-controlling interests 3,443,643 3,649,034
Total equity 68,707,994 67,244,296
Total liabilities and equity $ 86,710,505 $ 86,193,953