XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
May 31, 2022
Aug. 31, 2021
Current assets    
Cash and cash equivalents $ 2,130,450 $ 1,184,313
Accounts receivable, net of allowance of $Nil 0 (August 31, 2021 - $0) 8,271,856 7,086,503
Inventory, net of allowance of $250,000 (August 31, 2021 - $250,000) (note 3) 19,898,803 14,391,365
Prepaid expenses 2,257,576 2,305,820
Prepaid income taxes 3,876 252,958
Total current assets 32,562,561 25,220,959
Property, plant and equipment, net (note 4) 4,661,706 3,886,543
Intangible assets, net (note 5) 30,092 30,897
Total assets 37,254,359 29,138,399
Current liabilities    
Accounts payable 1,794,717 1,349,677
Bank indebtedness (note 7) 9,000,000 3,000,000
Accrued liabilities 2,045,281 1,798,088
Total current liabilities 12,839,998 6,147,765
Deferred tax liability (note 6) 128,497 116,945
Total liabilities 12,968,495 6,264,710
Stockholders’ equity    
Capital stock (note 9, 10) Authorized 21,567,564 common shares, no par value 10,000,000 preferred shares, no par value Issued 3,492,842 common shares (August 31, 2021 - 3,489,161) 824,039 823,171
Additional paid-in capital 725,729 687,211
Retained earnings 22,736,096 21,363,307
Total stockholders’ equity 24,285,864 22,873,689
Total liabilities and stockholders’ equity $ 37,254,359 $ 29,138,399