XML 17 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Income Statement [Abstract]    
SALES $ 62,901,831 $ 57,501,543
COST OF SALES 49,108,772 43,354,897
GROSS PROFIT 13,793,059 14,146,646
OPERATING EXPENSES    
Selling, general and administrative 4,008,166 3,204,945
Depreciation and amortization (note 4, 5) 319,617 244,279
Wages and employee benefits 7,495,723 6,957,730
Total Operating Expenses  11,823,506 10,406,954
Income from operations 1,969,553 3,739,692
OTHER ITEMS    
Gain on sale of property, plant and equipment 4,526
Other income (loss) (note 15) (230,034) 12,450
Interest expense (163,045) (15,321)
Gain on extinguishment of debt (note 8) 687,387
Total other items (388,553) 684,516
Income before income taxes 1,581,000 4,424,208
Income taxes (note 6)    
Current (558,820) (949,262)
Deferred recovery (expense) 141,943 (19,993)
Net income for the year $ 1,164,123 $ 3,454,953
Basic earnings per common share $ 0.33 $ 0.99
Diluted earnings per common share $ 0.33 $ 0.99
Weighted average number of common shares outstanding:    
Basic 3,493,807 3,486,537
Diluted 3,493,807 3,486,537