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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
May 31, 2023
May 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (310,847) $ 1,372,789
Items not involving an outlay of cash:    
  Depreciation and amortization 299,577 237,001
  Stock-based compensation expense 23,303 39,386
  Deferred income tax expense (366,566) 11,552
Changes in non-cash working capital items:    
  (Increase) in accounts receivable (338,489) (1,185,353)
  Decrease (increase) in inventory 103,083 (5,507,438)
  Decrease in prepaid expenses 242,427 48,244
  Decrease in prepaid income taxes 208,963 249,082
  Increase in accounts payable and accrued liabilities 1,541,107 692,233
  Increase in income taxes payable 147,215
Net cash provided by (used in) operating activities 1,549,773 (4,042,504)
CASH FLOWS FROM INVESTING ACTIVITIES    
  Increase in intangible assets (102,500)
  Purchase of property, plant and equipment (215,685) (1,011,359)
Net cash (used in) investing activities (318,185) (1,011,359)
CASH FLOWS FROM FINANCING ACTIVITIES    
  Net proceeds and repayments from bank indebtedness 1,000,000 6,000,000
Net cash provided by financing activities 1,000,000 6,000,000
Net increase in cash 2,231,588 946,137
Cash, beginning of period 484,463 1,184,313
Cash, end of period $ 2,716,051 $ 2,130,450