XML 25 R15.htm IDEA: XBRL DOCUMENT v3.23.4
CONTINGENCIES
3 Months Ended
Nov. 30, 2023
Supplemental Cash Flow Elements [Abstract]  
CONTINGENCIES

13.SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS

Certain cash payments for the three months ended November 30, 2023 and 2022 are summarized as follows:

          
   2023   2022 
         
Cash paid during the periods for:          
  Interest  $29,671   $86,552 
  Income taxes  $173,717   $ 

 

There were no non-cash investing or financing activities during the periods presented.

14.CONTINGENCIES

In fiscal 2021, the Company initiated arbitration against a former distributor asserting a breach of the distribution agreement and seeking damages. The liability arbitration hearing was held in December 2022. In February 2023, the arbitrator issued its decision and ruled in favor of the Company on the majority of its claims. In September 2023, the Company settled the arbitration for a cash payment of $2,450,000 which was received by the Company in October 2023.