EACO (EACO) 10-K 28 Nov 14 2014 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
	Aug. 31, 2014	Nov. 30, 2014	Feb. 28, 2014
Document Information [Line Items]	'	'	'
Entity Registrant Name	'EACO CORP	'	'
Entity Central Index Key	'0000784539	'	'
Current Fiscal Year End Date	'--08-31	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Trading Symbol	'EACO	'	'
Entity Common Stock, Shares Outstanding	'	4,861,590	'
Document Type	'10-K	'	'
Amendment Flag	'false	'	'
Document Period End Date	31-Aug-14	'	'
Document Fiscal Period Focus	'FY	'	'
Document Fiscal Year Focus	'2014	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Public Float	'	'	$150,000

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Aug. 31, 2014	Aug. 31, 2013
In Thousands, unless otherwise specified
Current Assets:	'	'
Cash and cash equivalents	$3,480	$1,507
Restricted cash, current portion	642	0
Trade accounts receivable, net	17,795	14,438
Inventory, net	14,863	14,272
Marketable securities, trading	73	1,395
Assets held for sale	0	7,988
Prepaid expenses and other current assets	1,104	619
Total current assets	37,957	40,219
Non-current Assets:	'	'
Restricted cash, non-current	322	548
Equipment and leasehold improvements, net	1,603	1,396
Other assets	1,001	2,317
Total assets	40,883	44,480
Current Liabilities:	'	'
Trade accounts payable	11,192	9,315
Accrued expenses and other current liabilities	3,508	2,880
Liabilities of discontinued operations - short-term	48	146
Liability for short sales of trading securities	642	0
Liabilities of assets held for sale	0	5,397
Total current liabilities	15,390	17,738
Non-current Liabilities:	'	'
Liabilities of discontinued operations - long-term	274	2,410
Deposit liability	0	87
Long-term debt	1,728	6,534
Total liabilities	17,392	26,769
Shareholders’ Equity:	'	'
Convertible preferred stock, $0.01 par value per share; 10,000,000 shares authorized; 36,000 shares outstanding (liquidation value $900)	1	1
Common stock, $0.01 par value per share; 8,000,000 shares authorized; 4,861,590 shares outstanding	49	49
Additional paid-in capital	12,378	12,378
Accumulated other comprehensive income	1,065	820
Retained earnings	9,998	4,463
Total shareholders’ equity	23,491	17,711
Total liabilities and shareholders’ equity	$40,883	$44,480

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Aug. 31, 2014	Aug. 31, 2013
In Thousands, except Share data, unless otherwise specified
Convertible preferred stock, par value (in dollars per share)	$0.01	$0.01
Convertible preferred stock, shares authorized	10,000,000	10,000,000
Convertible preferred stock, shares outstanding	36,000	36,000
Convertible preferred stock, liquidated (in dollars)	$900	$900
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	8,000,000	8,000,000
Common stock, shares outstanding	4,861,590	4,861,590

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Aug. 31, 2014	Aug. 31, 2013
Revenues	$134,747	$120,432
Cost of revenues	97,710	86,600
Gross margin	37,037	33,832
Operating expenses:	'	'
Selling, general and administrative expenses	32,178	30,132
Income from operations	4,859	3,700
Other income (expense):	'	'
Net (loss) gain on trading securities	-19	15
Gain on sale of property	1,495	730
Interest and other expense, net	-307	-584
Total other income (expense)	1,169	161
Income from continuing operations before income taxes	6,028	3,861
Provision for income taxes	1,009	1,309
Net income from continuing operations	5,019	2,552
Discontinued operations:	'	'
Gain on settlement of liabilities of discontinued operations, net of tax $394	592	0
Net Income	5,611	2,552
Less: accrued preferred stock dividends	-76	-76
Net income attributable to common shareholders	$5,535	$2,476
Basic and diluted earnings per share	'	'
Net Income from continuing operations (in dollars per share)	$1.02	$0.51
Net Income from discontinued operations (in dollars per share)	$0.12	$0
Net income attributable to common shareholders (in dollars per share)	$1.14	$0.51
Basic and diluted weighted average common shares outstanding (in shares)	4,861,590	4,861,590

Consolidated_Statements_of_Ope1

Consolidated Statements of Operations (Parenthetical) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Aug. 31, 2014
Discontinued Operation, Tax (Expense) Benefit from Provision for (Gain) Loss on Disposal	$394

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Aug. 31, 2014	Aug. 31, 2013
Net income	$5,611	$2,552
Other comprehensive income, net of tax:	'	'
Foreign translation gain	245	342
Total comprehensive income	$5,856	$2,894

Consolidated_Statements_of_Sha

Consolidated Statements of Shareholders' Equity (USD $)	Total	Convertible Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]
In Thousands, except Share data, unless otherwise specified
Balance at Aug. 31, 2012	$14,893	$1	$49	$12,378	$478	$1,987
Balance (in Shares) at Aug. 31, 2012	'	36,000	4,861,590	'	'	'
Preferred dividends	-76	'	'	'	'	-76
Net income	2,552	'	'	'	'	2,552
Other comprehensive income, net of tax:	'	'	'	'	'	'
Foreign translation gain	342	'	'	'	342	'
Comprehensive income	2,894	'	'	'	'	'
Balance at Aug. 31, 2013	17,711	1	49	12,378	820	4,463
Balance (in Shares) at Aug. 31, 2013	'	36,000	4,861,590	'	'	'
Preferred dividends	-76	'	'	'	'	-76
Net income	5,611	'	'	'	'	5,611
Other comprehensive income, net of tax:	'	'	'	'	'	'
Foreign translation gain	245	'	'	'	245	'
Comprehensive income	5,856	'	'	'	'	'
Balance at Aug. 31, 2014	$23,491	$1	$49	$12,378	$1,065	$9,998
Balance (in Shares) at Aug. 31, 2014	'	36,000	4,861,590	'	'	'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Aug. 31, 2014	Aug. 31, 2013
Operating activities:	'	'
Net income	$5,611	$2,552
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	539	616
Bad debt expense	12	137
Inventory reserve	100	-48
Gain on sale of property	-1,495	-730
Gain on settlement of liabilities on discontinued operations	-986	0
Net loss (gain) on investments	19	-15
(Increase) decrease in:	'	'
Trade accounts receivable	-3,369	-602
Inventory	-691	-2,035
Prepaid expenses and other assets	831	574
Increase (decrease) in:	'	'
Trade accounts payable	1,332	50
Accrued expenses and other current liabilities	610	398
Deposit liability	-87	-60
Liabilities of discontinued operations	-1,247	-157
Net cash provided by operating activities	1,179	680
Investing activities:	'	'
Purchase of property and equipment	-746	-756
Sale of marketable securities, trading	1,303	0
Proceeds from securities sold short	642	-1,183
Proceeds from sale of property	9,483	2,830
Change in restricted cash	-416	0
Net cash provided by investing activities	10,266	891
Financing activities:	'	'
Payments on revolving credit facility	-4,797	-971
Payment of preferred dividend	-57	-76
Bank overdraft	545	-254
Payments on long-term debt - real estate held for sale	-5,397	0
Payments on long-term debt	-11	-1,673
Net cash (used in) financing activities	-9,717	-2,974
Effect of foreign currency exchange rate changes on cash and cash equivalents	245	342
Net increase (decrease) in cash and cash equivalents	1,973	-1,061
Cash and cash equivalents - beginning of period	1,507	2,568
Cash and cash equivalents - end of period	3,480	1,507
Supplemental disclosures of cash flow information:	'	'
Cash paid for interest	296	815
Cash paid for taxes	$666	$276

Organization_and_Basis_of_Pres

Organization and Basis of Presentation	12 Months Ended
	Aug. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
		Note 1.	Organization and Basis of Presentation
	EACO Corporation (“EACO”) is a holding company, primary comprised of is its wholly-owned subsidiary, Bisco Industries, Inc. (“Bisco”). Bisco was incorporated in Illinois in 1974 and is a distributor of electronic components and fasteners with 45 sales offices and six distribution centers located throughout the United States and Canada. Bisco supplies parts used in the manufacture of products in a broad range of industries, including the aerospace, circuit board, communication, computer, fabrication, instrumentation, industrial equipment and marine industries.
	EACO was incorporated in the State of Florida in September 1985. From the inception of EACO through June 2005, EACO’s business consisted of operating restaurants in the State of Florida.  On June 29, 2005, EACO sold all of its operating restaurants. As of August 31, 2014, the only remaining activity of EACO relates to its self-insured workers’ compensation claim liability, which is presented as liabilities of discontinued operations on the Company’s balance sheets.
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.  These estimates include allowance for doubtful trade accounts receivable, slow moving and obsolete inventory reserves, recoverability of the carrying value and estimated useful lives of long-lived assets, workers’ compensation liability and the valuation allowance against deferred tax assets.  Actual results could differ from those estimates.
	Principles of Consolidation
	The consolidated financial statements for all periods presented include the accounts of EACO, its wholly-owned subsidiary, Bisco Industries, Inc., and Bisco’s wholly-owned Canadian subsidiary, Bisco Industries Limited (which are collectively referred to herein as the “Company”, “we”, “us” and “our”). All significant intercompany transactions and balances have been eliminated in consolidation.

Significant_Accounting_Policie

Significant Accounting Policies	12 Months Ended
	Aug. 31, 2014
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
		Note 2.	Significant Accounting Policies
	Cash and Cash Equivalents
	The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.
	Restricted Cash
	The State of Florida Division of Workers’ Compensation (the “Division”) requires self-insured companies to pledge collateral in favor of the Division in an amount sufficient to cover the projected outstanding liability. In compliance with this requirement, the Company pledged a certificate of deposit of $322,000 at August 31, 2014. The collateral amount was reduced during the year ended August 31, 2014 due to a settlement of the largest workers compensation claim in July 2014. See Note 9 for further discussion.
	Trade Accounts Receivable
	Trade accounts receivable are carried at original invoice amount, less an estimate for an allowance for doubtful accounts. Management determines the allowance for doubtful accounts by identifying probable credit losses in the Company’s accounts receivable and reviewing historical data to estimate the collectability on items not yet specifically identified as problem accounts. Trade accounts receivable are written off when deemed uncollectible. Recoveries of trade accounts receivable previously written off are recorded when received. A trade account receivable is considered past due if any portion of the receivable balance is outstanding for more than 30 days. The Company does not charge interest on past due balances. The allowance for doubtful accounts was $111,000 and $183,000 at August 31, 2014 and 2013, respectively.
	Inventories
	Inventories consist primarily of electronic fasteners and components, and are stated at the lower of cost or estimated market value. Cost is determined using the average cost method. Inventories are presented net of a reserve for slow moving or obsolete items of $1,024,000 and $924,000 at August 31, 2014 and 2013, respectively. The reserve is based upon management’s review of inventories on-hand over their expected future utilization and length of time held by the Company.
	Real Estate Properties Held for Leasing
	During fiscal 2014, the Company sold its remaining real estate properties, comprised of the Orange Park Property and the Sylmar Properties, in October 2013 and June 2014, respectively.
	Equipment and Leasehold Improvements
	Equipment and leasehold improvements are stated at cost net of accumulated amortization. Depreciation on equipment is calculated on the straight-line method over the estimated useful lives of the assets, ranging from five to seven years. Leasehold improvements are amortized over the estimated useful life of the asset or the remaining lease term, whichever is less. Maintenance and repairs are charged to expense as incurred. Renewals and improvements of a major nature are capitalized. At the time of retirement or disposition of property and equipment, the cost and accumulated depreciation or amortization are removed from the accounts and any gains or losses are reflected in earnings.
	Impairment of Long Lived Assets
	The Company’s policy is to review long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.  For the purpose of the impairment review, assets are tested on an individual basis.  The recoverability of the assets is measured by a comparison of the carrying value of each asset to the future net undiscounted cash flows expected to be generated by such assets.  If such assets are considered impaired, the impairment to be recognized is measured by the amount by which the carrying value of the assets exceeds their estimated fair value.
	Marketable Securities, Trading
	The Company invests in marketable trading securities which include long and short positions in equity securities. Short positions represent securities sold, not yet purchased. Short sales result in obligations to purchase securities at a later date.
	These securities are stated at fair value, which is determined using the quoted closing or latest bid prices at each reporting date. Realized gains and losses on investment transactions are determined by the average cost method and are recognized as incurred in the consolidated statements of operations. Net unrealized gains and losses are reported in the statements of operations and represent the change in the market value of investment holdings during the period. At August 31, 2014 and 2013, marketable securities consisted of equity securities (including equity options) of publicly-held domestic companies.
	Revenue Recognition
	Management generally recognizes revenue at the time of product shipment, as the Company’s shipping terms are FOB shipping point. Revenue is considered to be realized or realizable and earned when there is persuasive evidence of a sales arrangement in the form of an executed contract or purchase order, the product has been shipped, the sales price is fixed or determinable, and collectability is reasonably assured.
	Income Taxes
	Deferred taxes on income result from temporary differences between the reporting of income for financial statement and tax reporting purposes. A valuation allowance related to a deferred tax asset is recorded when it is more likely than not that some or all of the deferred tax asset will not be realized. In making such determination, the Company considers all available positive and negative evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income (if any), tax planning strategies and recent financial performance.
	We provide tax contingencies, if any, for federal, state, local and international exposures relating to audit results, tax planning initiatives and compliance responsibilities.  The development of these reserves requires judgments about tax issues, potential outcomes and timing.  Although the outcome of these tax audits is uncertain, in management’s opinion adequate provisions for income taxes have been made for potential liabilities emanating from these reviews.  If actual outcomes differ materially from these estimates, they could have a material impact on our results of operations.
	Freight and Shipping/Handling
	Shipping and handling expenses are included in cost of goods sold, and were approximately $2,407,000 and $2,257,000 for the years ended August 31, 2014 and 2013, respectively.
	Liabilities of Discontinued Operations
	Prior to June 2005, EACO self-insured workers’ compensation claims losses up to certain limits.  The liability for workers’ compensation represents an estimate of the present value of the ultimate cost of uninsured losses which are unpaid as of the balance sheet dates.  The estimate is frequently reviewed and adjustments to the Company’s estimated claim liability, if any, are reflected in discontinued operations.  At each fiscal year end, the Company obtains an actuarial report which estimates its overall exposure based on historical claims and an evaluation of future claims.   The Company pursues recovery of certain claims from an insurance carrier.  Recoveries, if any, are recognized when realization is reasonably assured.
	Leases
	Certain Company leases for its sales offices and distribution centers provide for minimum annual payments that adjust over the life of the lease. The aggregate minimum annual payments are expensed on the straight-line basis over the minimum lease term. The Company recognizes a deferred rent liability for rent escalations when the amount of straight-line rent exceeds the lease payments, and reduces the deferred rent liability when the lease payments exceed the straight-line rent expense.
	Earnings Per Common Share
	Basic earnings per common share for the years ended August 31, 2014 and 2013 were computed based on the weighted average number of common shares outstanding. Diluted earnings per share for those periods have been computed based on the weighted average number of common shares outstanding, giving effect to all potentially dilutive common shares that were outstanding during the respective periods. Potentially dilutive common shares represent 40,000 common shares issuable upon conversion of 36,000 shares of convertible preferred stock, which were outstanding at August 31, 2014 and 2013. Such securities are excluded from the weighted average shares outstanding used to calculate diluted earnings per common share for the years ended August 31, 2014 and 2013 as their inclusion would be anti-dilutive since the conversion price was greater than the average market price of the Company’s common stock during these periods.
	Foreign Currency Translation and Transactions
	Assets and liabilities recorded in functional currencies other than the U.S. dollar (Canadian dollars for the Bisco’s Canadian subsidiary) are translated into U.S. dollars at the period-end rate of exchange. Revenue and expenses are translated at the weighted-average exchange rates for the years ended August 31, 2014 and 2013. The resulting translation adjustments are charged or credited directly to accumulated other comprehensive income or loss. The average exchange rates for the years ended August 31, 2014 and August 31, 2013 were $0.93 and $0.95 respectively.
	Concentrations
	Financial instruments that subject the Company to credit risk include cash balances in excess of federal depository insurance limits and accounts receivable. Cash accounts maintained by the Company at U.S. and Canadian financial institutions are insured by the Federal Deposit Insurance Corporation and Canadian Deposit Insurance Corporation, respectively. A significant portion of the Company’s cash was held by its Canadian subsidiary. The Company has not experienced any losses in such accounts.
	Net sales to customers outside the United States and related trade accounts receivable were approximately 7% and 10% of total sales and trade accounts receivable, respectively, at August 31, 2014, and 7% and 5%, respectively, at August 31, 2013. No single customer accounted for more than 10% of total revenues for either of the years ended August 31, 2014 or 2013.
	Total assets held outside the United States comprised 6% as of August 31, 2014 and 2013.
	Estimated Fair Value of Financial Instruments and Certain Nonfinancial Assets and Liabilities
	The Company’s financial instruments other than its marketable securities include cash and cash equivalents, trade accounts receivable, prepaid expenses, security deposits, trade accounts payable, line of credit, accrued expenses and long-term debt. Management believes that the fair value of these financial instruments approximate their carrying amounts based on current market indicators, such as prevailing interest rates. The Company’s marketable securities are measured at fair value on a recurring basis (see Note 13).
	During the years ended August 31, 2014 and 2013, the Company did not have any nonfinancial assets or liabilities that were measured at estimated fair value on a recurring or nonrecurring basis.
	Reclassifications
	The Company reclassified the prior year presentation of its real estate assets and liabilities to conform to the current year presentation. Specifically, we noted the following significant reclassifications:
			As presented in		As presented in
	(In thousands)		August 31, 2013 10-K		August 31, 2014 10-K
	Assets:
	Assets held for sale			460		7,988
	Real estate properties held for leasing, net			7,283		-
	Deferred tax asset, current			1,712		-
	Other assets			850		2,317
	Total Assets:			10,305		10,305
	Liabilities:
	Liabilities of assets held for sale			362		5,397
	Current portion of long-term debt			172		-
	Long-term debt			11,397		6,534
				11,931		11,931

Real_Estate_Properties

Real Estate Properties	12 Months Ended
	Aug. 31, 2014
Real Estate [Abstract]	'
Real Estate Disclosure [Text Block]	'
		Note 3.	Real Estate Properties
	As of August 31, 2013, the Company’s real estate comprised properties located in Sylmar, California (the “Sylmar Properties”) and Orange Park, Florida (the “Orange Park Property”). In October 2013, the Company sold the Orange Park Property for $1,138,500 in cash and paid off the related mortgage. The sale of this property resulted in a net gain of approximately $535,000. In June 2014, the Company completed the sale of the Sylmar Properties for $9,125,000 in cash and paid off the related mortgage off in full, resulting in a net gain of approximately $960,000. The associated land, buildings and improvements and related liabilities classified as real estate properties held for leasing on the accompanying consolidated balance sheets as of August 31, 2013.
	Additionally, the gross profit from rental operations relating to the Orange Park and Sylmar Properties were netted against selling, general and administrative expenses in the accompanying consolidated statements of operations, as such amounts were considered immaterial for the years ended August 31, 204 and 2013 for separate presentation as discontinued operations.

Equipment_and_Leasehold_Improv

Equipment and Leasehold Improvements	12 Months Ended
	Aug. 31, 2014
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment Disclosure [Text Block]	'
		Note 4.	Equipment and Leasehold Improvements
	Equipment and leasehold improvements are summarized as follows:
			August 31, 2014		August 31, 2013
	Machinery and equipment		$	5,170,000	$	4,584,000
	Furniture and fixtures			807,000		793,000
	Vehicles			138,000		138,000
	Leasehold improvements			1,528,000		1,463,000
				7,643,000		6,978,000
	Less accumulated depreciation and amortization			-6,040,000		-5,582,000
			$	1,603,000	$	1,396,000
	For the years ended August 31, 2014 and 2013, depreciation expense was $446,000 and $443,000 respectively.

LongTerm_Debt

Long-Term Debt	12 Months Ended
	Aug. 31, 2014
Long-term Debt, Unclassified [Abstract]	'
Long-term Debt [Text Block]	'
		Note 5.	Long-Term Debt
	Long-term debt is summarized as follows:
			August 31,		August 31,
			2014		2013
	Line of credit to Community Bank			1,684,000		6,479,000
	Note payable to BMW Bank of North America, secured by automobile, monthly principal and interest payments totaling $901, interest at 0.9%, due June 2018			44,000		55,000
			$	1,728,000	$	6,534,000
	The Company has a revolving credit agreement with Community Bank, which currently provides for borrowings of up to $10.0 million and bears interest at either the 30, 60 or 90 day LIBOR (the 90 day LIBOR at August 31, 2014 and 2013 was 0.23% and 0.26%, respectively) plus 1.75% or the bank’s reference rate (3.25% at August 31, 2014 and 2013). Borrowings are secured by substantially all assets of the Company and are guaranteed by the Company’s Chief Executive Officer and Chairman of the Board, Glen F. Ceiley. The agreement, as amended in April 2014, expires in March 2016. The amount outstanding under this line of credit as of August 31, 2014 and 2013 was $1,684,000 and $6,479,000, respectively. Availability under the line of credit was $8,316,000 and $3,521,000 at August 31, 2014 and 2013, respectively. The agreement contains certain nonfinancial and financial covenants, including the maintenance of certain financial ratios. As of August 31, 2014 and August 31, 2013, the Company was in compliance with all such covenants.
	The scheduled payments for the above loans are as follows:
			Years Ending August 31,
	2015		$	11,000
	2016			1,695,000
	2017			11,000
	2018			11,000
			$	1,728,000

Liabilities_of_Assets_Held_for

Liabilities of Assets Held for Sale	12 Months Ended
	Aug. 31, 2014
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]	'
Liabilities of Assets Held for Sale Disclosure [Text Block]	'
		Note 6.	Liabilities of Assets Held for Sale
	Liabilities of Assets Held for Sale is summarized as follows at August 31, 2013:
	Note payable to Community Bank, secured by the Sylmar properties, monthly principal and interest payment totaling $39,700, interest at 6.0%.  This note payable was paid in full in connection with the sale of the Sylmar properties.			5,035,000
	Note payable to GE Capital Franchise Finance Corporation, secured by the Orange Park property, monthly principal and interest payments totaling $10,400, interest at thirty-day LIBOR rate +3.75% (minimum interest rate of 7.3%).  This note payable was paid in full in connection with the sale of the Orange Park propertu.			362,000
			$	5,397,000

Shareholders_Equity

Shareholders' Equity	12 Months Ended
	Aug. 31, 2014
Equity [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
		Note 7.	Shareholders’ Equity
	Earnings Per Common Share (EPS)
	The following is a reconciliation of the numerators and denominators used in the basic and diluted computations of earnings per common share:
			For the year ended August 31,
	(In thousands, except per share information)		2014		2013
	EPS– basic and diluted:
	Net income		$	5,611	$	2,552
	Less: undeclared cumulative preferred stock dividends			-76		-76
	Net income available to common shareholders for basic and diluted EPS computation			5,535		2,476
	Weighted average common shares outstanding for basic and diluted EPS computation			4,861,590		4,861,590
	Earnings per common share – basic and diluted		$	1.14	$	0.51
	Preferred Stock
	The Company's Board of Directors is authorized to establish the various rights and preferences for the Company's preferred stock, including voting, conversion, dividend and liquidation rights and preferences, at the time shares of preferred stock are issued. In September 2004, the Company sold 36,000 shares of its Series A Cumulative Convertible Non-Voting Preferred Stock (the “Preferred Stock”) to the Company’s CEO, with an 8.5% dividend rate at a price of $25 per share for a total cash purchase price of $900,000.   Holders of the Preferred Stock have the right at any time to convert the Preferred Stock and accrued but unpaid dividends into shares of the Company’s common stock at the conversion price of $22.50 per share.  In the event of a liquidation or dissolution of the Company, holders of the Preferred Stock are entitled to be paid out of the assets of the Company available for distribution to shareholders $25 per share plus all unpaid dividends before any payments are made to the holders of common stock.

Profit_Sharing_Plan

Profit Sharing Plan	12 Months Ended
	Aug. 31, 2014
Profit Sharing Plan Abstract [Abstract]	'
Profit Sharing Plan [Text Block]	'
		Note 8.	Profit Sharing Plan
	The Company has a defined contribution 401(k) profit sharing plan for all eligible employees. Employees are eligible to contribute to the 401(k) plan after six months of employment. Under this plan, employees may contribute up to 15% of their compensation. The Company has the discretion to match 50% of the employee contributions up to 4% of employees’ compensation. The Company’s contributions are subject to a five-year vesting period beginning the second year of service. The Company’s contribution expense was approximately $206,000 and $184,000 for the years ended August 31, 2014 and 2013, respectively.

Discontinued_Operations

Discontinued Operations	12 Months Ended
	Aug. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	'
		Note 9.	Discontinued Operations
	In July 2014, the Company completed a cash settlement of its largest workers’ compensation claim for $1,250,000. The reserve related to this claim was approximately $2,236,000 at the time of the settlement. Accordingly, a gain of $592,000 net of income tax of $394,000 was recorded in the consolidated statement of operations as a gain on settlement of liabilities of discontinued operations as of August 31, 2014. As of August 31, 2014 and 2013, the estimated claim liability was $322,000 and $2,556,000, respectively.

Income_Taxes

Income Taxes	12 Months Ended
	Aug. 31, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
		Note 10.	Income Taxes
	The following summarizes the Company’s provision for income taxes on income from continuing and discontinued operations:
		For the Year Ended August 31,
		2014			2013
	Current:
	Federal	$	751,000		$	467,000
	State		214,000			269,000
	Foreign		9,000			-94,000
			974,000			642,000
	Deferred:
	Federal		-343,000			1,113,000
	State		378,000			-446,000
	Foreign		-			-
			35,000			667,000
	Total	$	1,009,000		$	1,309,000
	Income taxes for the years ended August 31, 2014 and August 31, 2013 differ from the amounts computed by applying the federal statutory corporate rates of 34% to the pre-tax income from continuing operations.
	The differences are reconciled as follows:
			For the Year Ended August 31,
			2014			2013
	Current:
	Expected income tax benefit at statutory rate		$	2,085,000		$	1,335,000
	Increase (decrease) in taxes due to:			-
	State tax, net of federal benefit			287,000			197,000
	Permanent differences			29,000			24,000
	Change in deferred tax asset valuation allowance			-919,000			-2,392,000
	Other, net			-473,000			2,145,000
	Income tax expense (benefit)		$	1,009,000		$	1,309,000
	The components of deferred taxes at August 31, 2014 and 2013 are summarized below:
			August 31,
			2014			2013
	Deferred tax assets:
	Net operating loss		$	527,000		$	432,000
	Capital losses			99,000			1,344,000
	Allowance for doubtful accounts			4,000			49,000
	Accrued expenses			333,000			186,000
	Accrued worker's compensation			125,000			987,000
	Inventory reserve			644,000			618,000
	Unrealized losses on investment			-51,000			-37,000
	Excess of tax over book depreciation			-131,000			562,000
	Other			331,000			267,000
	Total deferred tax assets			1,881,000			4,368,000
	Valuation allowance			-576,000			-1,495,000
				1,305,000			2,873,000
	Deferred tax liabilities:
	Deferred gains			–			-1,140,000
	Total deferred tax liabilities			–			-1,140,000
	Total deferred tax assets		$	1,305,000		$	1,733,000
	At August 31, 2014, the Company has state net operating losses (NOLs) of approximately $11,000,000, which will begin to expire in fiscal year 2017. The Company did not have any federal NOLs at August 31, 2014. The Company also had capital loss carryforwards of approximately $258,000 which are deductible only to the extent the Company has future capital gains.
	Deferred taxes on income result from temporary differences between the reporting of income for financial statement and tax reporting purposes. A valuation allowance related to a deferred tax asset is recorded when it is more likely than not that some or all of the deferred tax asset will not be realized.  In making such determination, the Company considers all available positive and negative evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income (if any), tax planning strategies and recent financial performance.
	On January 1, 2007, we adopted ASC 740 “Income Taxes”, formerly the Financial Accounting Standards Board FASB Interpretation No. 48 an interpretation of FASB Statement No. 109 (ASC 740). ASC 740 clarifies the accounting for uncertainty in income taxes recognized in a company’s financial statements. ASC 740 prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in the tax return. The Company did not recognize any additional liability for unrecognized tax benefit as a result of the implementation. The Company has no liability for unrecognized tax benefit related to tax positions for either the August 31, 2013 year end or the August 31, 2014 year end.
	The Company will recognize interest and penalty related to unrecognized tax benefits and penalties as income tax expense. As of August 31, 2014, the Company has not recognized liabilities for penalty and interest as the Company does not have any liability for unrecognized tax benefits.
	The Company is subject to taxation in the U.S., Canada and various states. The Company’s tax years for 2010, 2011, 2012 and 2013 are subject to examination by the taxing authorities. With few exceptions, the Company is no longer subject to U.S. federal, state, local or foreign examinations by taxing authorities for years before 2010.

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Aug. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
		Note 11.	Commitments and Contingencies
	Legal Matters
	From time to time, we may be subject to legal proceedings and claims which arise in the normal course of our business. Any such matters and disputes could be costly and time consuming, subject us to damages or equitable remedies, and divert our management and key personnel from our business operations. We currently are not a party to any legal proceedings, the adverse outcome of which, in management’s opinion, individually or in the aggregate, would have a material adverse effect on our consolidated results of operations, financial position or cash flows
	Lease Obligations
	The Company leases its facilities under operating lease agreements (three of which are with its majority shareholder – see Note 12), which expire on various dates through September 2019 and require minimum rental payments ranging from $1,000 to $32,000 per month. Certain of the leases contain options for renewal under varying terms.
	Minimum future rental payments under operating leases are as follows:
	Years ending August 31:
	2015		$	1,484,000
	2016			891,000
	2017			297,000
	2018			256,000
	Thereafter			22,000
			$	2,950,000
	Rental expense for all operating leases for the years ended August 31, 2014 and 2013 was approximately $1,975,000 and $1,758,000, respectively.

Related_Party_Transactions

Related Party Transactions	12 Months Ended
	Aug. 31, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
		Note 12.	Related Party Transactions
	The Company leases three buildings under operating lease agreements from its CEO and majority stockholder. During the years ended August 31, 2014 and 2013, the Company incurred approximately $625,000 and $592,000, respectively, of rent expense related to these leases.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	12 Months Ended
	Aug. 31, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
		Note 13.	Fair Value of Financial Instruments
	Management estimates the fair value of its assets or liabilities measured at fair value based on the three levels of the fair-value hierarchy are described as follows:
	Level 1: Quoted prices (unadjusted) in active markets for identical assets and liabilities. For the Company, Level 1 inputs include marketable securities that are actively traded.
	Level 2: Inputs other than Level 1 that are observable, either directly or indirectly. The Company does not hold any Level 2 financial instruments.
	Level 3: Unobservable inputs. The Company does not hold any Level 3 financial instruments.
	The following table sets forth by level, within the fair value hierarchy, certain assets at estimated fair value as of August 31, 2014 and 2013:
			Quoted Prices in				Significant
			Active Markets for		Significant Other		Unobservable
			Identical Assets		Observable Inputs		Inputs
			(Level 1)		(Level 2)		(Level 3)		Total
	31-Aug-14
	Marketable securities		$	73,000		-		-	$	73,000
	31-Aug-13
	Marketable securities		$	1,395,000		-		-	$	1,395,000

Subsequent_Events

Subsequent Events	12 Months Ended
	Aug. 31, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
		Note 14.	Subsequent Events
	Management has evaluated events subsequent to August 31, 2014, through the date that these consolidated financial statements are being filed with the Securities and Exchange Commission, for transactions and other events which may require adjustment of and/or disclosure in such financial statements.

Significant_Accounting_Policie1

Significant Accounting Policies (Policies)	12 Months Ended
	Aug. 31, 2014
Accounting Policies [Abstract]	'
Cash and Cash Equivalents, Policy [Policy Text Block]	'
	Cash and Cash Equivalents
	The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	'
	Restricted Cash
	The State of Florida Division of Workers’ Compensation (the “Division”) requires self-insured companies to pledge collateral in favor of the Division in an amount sufficient to cover the projected outstanding liability. In compliance with this requirement, the Company pledged a certificate of deposit of $322,000 at August 31, 2014. The collateral amount was reduced during the year ended August 31, 2014 due to a settlement of the largest workers compensation claim in July 2014. See Note 9 for further discussion.
Trade and Other Accounts Receivable, Policy [Policy Text Block]	'
	Trade Accounts Receivable
	Trade accounts receivable are carried at original invoice amount, less an estimate for an allowance for doubtful accounts. Management determines the allowance for doubtful accounts by identifying probable credit losses in the Company’s accounts receivable and reviewing historical data to estimate the collectability on items not yet specifically identified as problem accounts. Trade accounts receivable are written off when deemed uncollectible. Recoveries of trade accounts receivable previously written off are recorded when received. A trade account receivable is considered past due if any portion of the receivable balance is outstanding for more than 30 days. The Company does not charge interest on past due balances. The allowance for doubtful accounts was $111,000 and $183,000 at August 31, 2014 and 2013, respectively.
Inventory, Policy [Policy Text Block]	'
	Inventories
	Inventories consist primarily of electronic fasteners and components, and are stated at the lower of cost or estimated market value. Cost is determined using the average cost method. Inventories are presented net of a reserve for slow moving or obsolete items of $1,024,000 and $924,000 at August 31, 2014 and 2013, respectively. The reserve is based upon management’s review of inventories on-hand over their expected future utilization and length of time held by the Company.
Real Estate, Policy [Policy Text Block]	'
	Real Estate Properties Held for Leasing
	During fiscal 2014, the Company sold its remaining real estate properties, comprised of the Orange Park Property and the Sylmar Properties, in October 2013 and June 2014, respectively.
Property, Plant and Equipment, Policy [Policy Text Block]	'
	Equipment and Leasehold Improvements
	Equipment and leasehold improvements are stated at cost net of accumulated amortization. Depreciation on equipment is calculated on the straight-line method over the estimated useful lives of the assets, ranging from five to seven years. Leasehold improvements are amortized over the estimated useful life of the asset or the remaining lease term, whichever is less. Maintenance and repairs are charged to expense as incurred. Renewals and improvements of a major nature are capitalized. At the time of retirement or disposition of property and equipment, the cost and accumulated depreciation or amortization are removed from the accounts and any gains or losses are reflected in earnings.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	'
	Impairment of Long Lived Assets
	The Company’s policy is to review long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.  For the purpose of the impairment review, assets are tested on an individual basis.  The recoverability of the assets is measured by a comparison of the carrying value of each asset to the future net undiscounted cash flows expected to be generated by such assets.  If such assets are considered impaired, the impairment to be recognized is measured by the amount by which the carrying value of the assets exceeds their estimated fair value.
Marketable Securities, Trading Securities, Policy [Policy Text Block]	'
	Marketable Securities, Trading
	The Company invests in marketable trading securities which include long and short positions in equity securities. Short positions represent securities sold, not yet purchased. Short sales result in obligations to purchase securities at a later date.
	These securities are stated at fair value, which is determined using the quoted closing or latest bid prices at each reporting date. Realized gains and losses on investment transactions are determined by the average cost method and are recognized as incurred in the consolidated statements of operations. Net unrealized gains and losses are reported in the statements of operations and represent the change in the market value of investment holdings during the period. At August 31, 2014 and 2013, marketable securities consisted of equity securities (including equity options) of publicly-held domestic companies.
Revenue Recognition, Policy [Policy Text Block]	'
	Revenue Recognition
	Management generally recognizes revenue at the time of product shipment, as the Company’s shipping terms are FOB shipping point. Revenue is considered to be realized or realizable and earned when there is persuasive evidence of a sales arrangement in the form of an executed contract or purchase order, the product has been shipped, the sales price is fixed or determinable, and collectability is reasonably assured.
Income Tax, Policy [Policy Text Block]	'
	Income Taxes
	Deferred taxes on income result from temporary differences between the reporting of income for financial statement and tax reporting purposes. A valuation allowance related to a deferred tax asset is recorded when it is more likely than not that some or all of the deferred tax asset will not be realized. In making such determination, the Company considers all available positive and negative evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income (if any), tax planning strategies and recent financial performance.
	We provide tax contingencies, if any, for federal, state, local and international exposures relating to audit results, tax planning initiatives and compliance responsibilities.  The development of these reserves requires judgments about tax issues, potential outcomes and timing.  Although the outcome of these tax audits is uncertain, in management’s opinion adequate provisions for income taxes have been made for potential liabilities emanating from these reviews.  If actual outcomes differ materially from these estimates, they could have a material impact on our results of operations.
Shipping and Handling Cost, Policy [Policy Text Block]	'
	Freight and Shipping/Handling
	Shipping and handling expenses are included in cost of goods sold, and were approximately $2,407,000 and $2,257,000 for the years ended August 31, 2014 and 2013, respectively.
Liabilities of Discontinued Operations [Policy Text Block]	'
	Liabilities of Discontinued Operations
	Prior to June 2005, EACO self-insured workers’ compensation claims losses up to certain limits.  The liability for workers’ compensation represents an estimate of the present value of the ultimate cost of uninsured losses which are unpaid as of the balance sheet dates.  The estimate is frequently reviewed and adjustments to the Company’s estimated claim liability, if any, are reflected in discontinued operations.  At each fiscal year end, the Company obtains an actuarial report which estimates its overall exposure based on historical claims and an evaluation of future claims.   The Company pursues recovery of certain claims from an insurance carrier.  Recoveries, if any, are recognized when realization is reasonably assured.
Lease, Policy [Policy Text Block]	'
	Leases
	Certain Company leases for its sales offices and distribution centers provide for minimum annual payments that adjust over the life of the lease. The aggregate minimum annual payments are expensed on the straight-line basis over the minimum lease term. The Company recognizes a deferred rent liability for rent escalations when the amount of straight-line rent exceeds the lease payments, and reduces the deferred rent liability when the lease payments exceed the straight-line rent expense.
Earnings Per Share, Policy [Policy Text Block]	'
	Earnings Per Common Share
	Basic earnings per common share for the years ended August 31, 2014 and 2013 were computed based on the weighted average number of common shares outstanding. Diluted earnings per share for those periods have been computed based on the weighted average number of common shares outstanding, giving effect to all potentially dilutive common shares that were outstanding during the respective periods. Potentially dilutive common shares represent 40,000 common shares issuable upon conversion of 36,000 shares of convertible preferred stock, which were outstanding at August 31, 2014 and 2013. Such securities are excluded from the weighted average shares outstanding used to calculate diluted earnings per common share for the years ended August 31, 2014 and 2013 as their inclusion would be anti-dilutive since the conversion price was greater than the average market price of the Company’s common stock during these periods.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	'
	Foreign Currency Translation and Transactions
	Assets and liabilities recorded in functional currencies other than the U.S. dollar (Canadian dollars for the Bisco’s Canadian subsidiary) are translated into U.S. dollars at the period-end rate of exchange. Revenue and expenses are translated at the weighted-average exchange rates for the years ended August 31, 2014 and 2013. The resulting translation adjustments are charged or credited directly to accumulated other comprehensive income or loss. The average exchange rates for the years ended August 31, 2014 and August 31, 2013 were $0.93 and $0.95 respectively.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	'
	Concentrations
	Financial instruments that subject the Company to credit risk include cash balances in excess of federal depository insurance limits and accounts receivable. Cash accounts maintained by the Company at U.S. and Canadian financial institutions are insured by the Federal Deposit Insurance Corporation and Canadian Deposit Insurance Corporation, respectively. A significant portion of the Company’s cash was held by its Canadian subsidiary. The Company has not experienced any losses in such accounts.
	Net sales to customers outside the United States and related trade accounts receivable were approximately 7% and 10% of total sales and trade accounts receivable, respectively, at August 31, 2014, and 7% and 5%, respectively, at August 31, 2013. No single customer accounted for more than 10% of total revenues for either of the years ended August 31, 2014 or 2013.
	Total assets held outside the United States comprised 6% as of August 31, 2014 and 2013.
Fair Value Measurement, Policy [Policy Text Block]	'
	Estimated Fair Value of Financial Instruments and Certain Nonfinancial Assets and Liabilities
	The Company’s financial instruments other than its marketable securities include cash and cash equivalents, trade accounts receivable, prepaid expenses, security deposits, trade accounts payable, line of credit, accrued expenses and long-term debt. Management believes that the fair value of these financial instruments approximate their carrying amounts based on current market indicators, such as prevailing interest rates. The Company’s marketable securities are measured at fair value on a recurring basis (see Note 13).
	During the years ended August 31, 2014 and 2013, the Company did not have any nonfinancial assets or liabilities that were measured at estimated fair value on a recurring or nonrecurring basis.
Reclassification, Policy [Policy Text Block]	'
	Reclassifications
	The Company reclassified the prior year presentation of its real estate assets and liabilities to conform to the current year presentation. Specifically, we noted the following significant reclassifications:
		As presented in		As presented in
	(In thousands)	August 31, 2013 10-K		August 31, 2014 10-K
	Assets:
	Assets held for sale		460		7,988
	Real estate properties held for leasing, net		7,283		-
	Deferred tax asset, current		1,712		-
	Other assets		850		2,317
	Total Assets:		10,305		10,305
	Liabilities:
	Liabilities of assets held for sale		362		5,397
	Current portion of long-term debt		172		-
	Long-term debt		11,397		6,534
			11,931		11,931

Significant_Accounting_Policie2

Significant Accounting Policies (Tables)	12 Months Ended
	Aug. 31, 2014
Accounting Policies [Abstract]	'
Schedule of Prior Year Presentation of Real Estate Assets and Liabilities [Table Text Block]	'
	The Company reclassified the prior year presentation of its real estate assets and liabilities to conform to the current year presentation. Specifically, we noted the following significant reclassifications:
		As presented in		As presented in
	(In thousands)	August 31, 2013 10-K		August 31, 2014 10-K
	Assets:
	Assets held for sale		460		7,988
	Real estate properties held for leasing, net		7,283		-
	Deferred tax asset, current		1,712		-
	Other assets		850		2,317
	Total Assets:		10,305		10,305
	Liabilities:
	Liabilities of assets held for sale		362		5,397
	Current portion of long-term debt		172		-
	Long-term debt		11,397		6,534
			11,931		11,931

Equipment_and_Leasehold_Improv1

Equipment and Leasehold Improvements (Tables)	12 Months Ended
	Aug. 31, 2014
Property, Plant and Equipment [Abstract]	'
Schedule Of Equipment And Leasehold Improvements [Table Text Block]	'
	Equipment and leasehold improvements are summarized as follows:
		August 31, 2014		August 31, 2013
	Machinery and equipment	$	5,170,000	$	4,584,000
	Furniture and fixtures		807,000		793,000
	Vehicles		138,000		138,000
	Leasehold improvements		1,528,000		1,463,000
			7,643,000		6,978,000
	Less accumulated depreciation and amortization		-6,040,000		-5,582,000
		$	1,603,000	$	1,396,000

LongTerm_Debt_Tables

Long-Term Debt (Tables)	12 Months Ended
	Aug. 31, 2014
Long-term Debt, Unclassified [Abstract]	'
Schedule of Debt [Table Text Block]	'
	Long-term debt is summarized as follows:
		August 31,		August 31,
		2014		2013
	Line of credit to Community Bank		1,684,000		6,479,000
	Note payable to BMW Bank of North America, secured by automobile, monthly principal and interest payments totaling $901, interest at 0.9%, due June 2018		44,000		55,000
		$	1,728,000	$	6,534,000
Schedule of Maturities of Long-term Debt [Table Text Block]	'
	The scheduled payments for the above loans are as follows:
		Years Ending August 31,
	2015	$	11,000
	2016		1,695,000
	2017		11,000
	2018		11,000
		$	1,728,000

Liabilities_of_Assets_Held_for1

Liabilities of Assets Held for Sale (Tables)	12 Months Ended
	Aug. 31, 2014
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]	'
Schedule of Liabilities of Assets Held for Sale [Table Text Block]	'
	Liabilities of Assets Held for Sale is summarized as follows at August 31, 2013:
	Note payable to Community Bank, secured by the Sylmar properties, monthly principal and interest payment totaling $39,700, interest at 6.0%.  This note payable was paid in full in connection with the sale of the Sylmar properties.		5,035,000
	Note payable to GE Capital Franchise Finance Corporation, secured by the Orange Park property, monthly principal and interest payments totaling $10,400, interest at thirty-day LIBOR rate +3.75% (minimum interest rate of 7.3%).  This note payable was paid in full in connection with the sale of the Orange Park propertu.		362,000
		$	5,397,000

Shareholders_Equity_Tables

Shareholders' Equity (Tables)	12 Months Ended
	Aug. 31, 2014
Equity [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
	The following is a reconciliation of the numerators and denominators used in the basic and diluted computations of earnings per common share:
		For the year ended August 31,
	(In thousands, except per share information)	2014		2013
	EPS– basic and diluted:
	Net income	$	5,611	$	2,552
	Less: undeclared cumulative preferred stock dividends		-76		-76
	Net income available to common shareholders for basic and diluted EPS computation		5,535		2,476
	Weighted average common shares outstanding for basic and diluted EPS computation		4,861,590		4,861,590
	Earnings per common share – basic and diluted	$	1.14	$	0.51

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Aug. 31, 2014
Income Tax Disclosure [Abstract]	'
Schedule of Provision for Income Tax [Table Text Block]	'
	The following summarizes the Company’s provision for income taxes on income from continuing and discontinued operations:
		For the Year Ended August 31,
		2014			2013
	Current:
	Federal	$	751,000		$	467,000
	State		214,000			269,000
	Foreign		9,000			-94,000
			974,000			642,000
	Deferred:
	Federal		-343,000			1,113,000
	State		378,000			-446,000
	Foreign		-			-
			35,000			667,000
	Total	$	1,009,000		$	1,309,000
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	'
	Income taxes for the years ended August 31, 2014 and August 31, 2013 differ from the amounts computed by applying the federal statutory corporate rates of 34% to the pre-tax income from continuing operations.
	The differences are reconciled as follows:
			For the Year Ended August 31,
			2014			2013
	Current:
	Expected income tax benefit at statutory rate		$	2,085,000		$	1,335,000
	Increase (decrease) in taxes due to:			-
	State tax, net of federal benefit			287,000			197,000
	Permanent differences			29,000			24,000
	Change in deferred tax asset valuation allowance			-919,000			-2,392,000
	Other, net			-473,000			2,145,000
	Income tax expense (benefit)		$	1,009,000		$	1,309,000
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	'
	The components of deferred taxes at August 31, 2014 and 2013 are summarized below:
			August 31,
			2014			2013
	Deferred tax assets:
	Net operating loss		$	527,000		$	432,000
	Capital losses			99,000			1,344,000
	Allowance for doubtful accounts			4,000			49,000
	Accrued expenses			333,000			186,000
	Accrued worker's compensation			125,000			987,000
	Inventory reserve			644,000			618,000
	Unrealized losses on investment			-51,000			-37,000
	Excess of tax over book depreciation			-131,000			562,000
	Other			331,000			267,000
	Total deferred tax assets			1,881,000			4,368,000
	Valuation allowance			-576,000			-1,495,000
				1,305,000			2,873,000
	Deferred tax liabilities:
	Deferred gains			–			-1,140,000
	Total deferred tax liabilities			–			-1,140,000
	Total deferred tax assets		$	1,305,000		$	1,733,000

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	12 Months Ended
	Aug. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	'
	Minimum future rental payments under operating leases are as follows:
	Years ending August 31:
	2015	$	1,484,000
	2016		891,000
	2017		297,000
	2018		256,000
	Thereafter		22,000
		$	2,950,000

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Aug. 31, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	'
	The following table sets forth by level, within the fair value hierarchy, certain assets at estimated fair value as of August 31, 2014 and 2013:
		Quoted Prices in				Significant
		Active Markets for		Significant Other		Unobservable
		Identical Assets		Observable Inputs		Inputs
		(Level 1)		(Level 2)		(Level 3)		Total
	31-Aug-14
	Marketable securities	$	73,000		-		-	$	73,000
	31-Aug-13
	Marketable securities	$	1,395,000		-		-	$	1,395,000

Significant_Accounting_Policie3

Significant Accounting Policies (Details) (USD $)	Aug. 31, 2014	Aug. 31, 2013
Assets:	'	'
Total assets	$40,883,000	$44,480,000
Liabilities:	'	'
Liabilities of assets held for sale	0	5,397,000
Long-term debt	1,728,000	6,534,000
Liabilities	17,392,000	26,769,000
Reclassifications Of Real estate assets and liabilities [Member]	'	'
Assets:	'	'
Assets held for sale	7,988,000	460,000
Real estate properties held for leasing, net	0	7,283,000
Deferred tax asset, current	0	1,712,000
Other assets	2,317,000	850,000
Total assets	10,305,000	10,305,000
Liabilities:	'	'
Liabilities of assets held for sale	5,397,000	362,000
Current portion of long-term debt	0	172,000
Long-term debt	6,534,000	11,397,000
Liabilities	$11,931,000	$11,931,000

Significant_Accounting_Policie4

Significant Accounting Policies (Details Textual) (USD $)	12 Months Ended
	Aug. 31, 2014	Aug. 31, 2013
Significant Accounting Policies [Line Items]	'	'
Pledged Financial Instruments, Not Separately Reported, Securities for Letter of Credit Facilities	$322,000	'
Allowance for Doubtful Accounts Receivable	111,000	183,000
Inventory Valuation Reserves	1,024,000	924,000
Exchange Rate on Foreign Currency Translation and Transactions	$0.93	$0.95
Entity Wide Information On Geographic Areas Sales From External Customers Percentage Attributed To Foreign Countries	7.00%	10.00%
Entity Wide Information on Geographic Areas Trade Accounts Receivable from External Customers Percentage Attributed to Foreign Countries	7.00%	5.00%
Percentage of Revenue Per Entity, Maximum	10.00%	10.00%
Shipping, Handling and Transportation Costs	$2,407,000	$2,257,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	40,000	40,000
Convertible Preferred Stock, Shares Issued upon Conversion	36,000	36,000
Concentration Risk, Percentage	6.00%	6.00%

Real_Estate_Properties_Details

Real Estate Properties (Details Textual) (USD $)	1 Months Ended
	Jun. 30, 2014	Oct. 31, 2013	Jun. 30, 2014
	Deland Property [Member]	Orange Park Florida [Member]	Sylmar Property [Member]
Real Estate Properties [Line Items]	'	'	'
Sales of Real Estate	'	$1,138,500	$9,125,000
Gains (Losses) on Sales of Investment Real Estate	'	535,000	'
Gain (Loss) on Sale of Properties	$960,000	'	'

Equipment_and_Leasehold_Improv2

Equipment and Leasehold Improvements (Details) (USD $)	Aug. 31, 2014	Aug. 31, 2013
Book value	$1,603,000	$1,396,000
Equipment and Leasehold Improvements [Member]	'	'
Machinery and equipment	5,170,000	4,584,000
Furniture and fixtures	807,000	793,000
Vehicles	138,000	138,000
Leasehold improvements	1,528,000	1,463,000
Property, Plant and Equipment, Gross	7,643,000	6,978,000
Less accumulated depreciation and amortization	-6,040,000	-5,582,000
Book value	$1,603,000	$1,396,000

Equipment_and_Leasehold_Improv3

Equipment and Leasehold Improvements (Details Textual) (Equipment and Leasehold Improvements [Member], USD $)	12 Months Ended
	Aug. 31, 2014	Aug. 31, 2013
Equipment and Leasehold Improvements [Member]	'	'
Depreciation	$446,000	$443,000

LongTerm_Debt_Details

Long-Term Debt (Details) (USD $)	Aug. 31, 2014	Aug. 31, 2013
Long-term Debt	$1,728,000	$6,534,000
Line Of Credit Payable To Community Bank [Member] | Revolving Credit Facility [Member]	'	'
Long-term Debt	1,684,000	6,479,000
Note Payable To Bmw Bank [Member]	'	'
Long-term Debt	$44,000	$55,000

LongTerm_Debt_Details_1

Long-Term Debt (Details 1) (USD $)	Aug. 31, 2014	Aug. 31, 2013
2015	$11,000	'
2016	1,695,000	'
2017	11,000	'
2018	11,000	'
Long-term Debt	$1,728,000	$6,534,000

LongTerm_Debt_Details_Textual

Long-Term Debt (Details Textual) (USD $)	12 Months Ended
	Aug. 31, 2014	Aug. 31, 2013
Long-term Line of Credit	$1,684,000	$6,479,000
Line of Credit Facility, Remaining Borrowing Capacity	8,316,000	3,521,000
Line of Credit Facility, Maximum Borrowing Capacity	10,000,000	'
Debt Instrument, Maturity Date	31-Mar-16	'
Line of Credit Facility, Interest Rate Description	'bears interest at either the 30, 60 or 90 day LIBOR (the 90 day LIBOR at August 31, 2014 and 2013 was 0.23% and 0.26%, respectively) plus 1.75% or the banks reference rate (3.25% at August 31, 2014 and 2013).	'
Note Payable To Bmw Bank [Member]	'	'
Debt Instrument, Periodic Payment	$901	'
Debt Instrument, Interest Rate During Period	0.90%	'
Debt Instrument, Maturity Date	30-Jun-18	'

Liabilities_of_Assets_Held_for2

Liabilities of Assets Held for Sale (Details) (USD $)	Aug. 31, 2014	Aug. 31, 2013
Short-term Debt [Line Items]	'	'
Liabilities of assets held for sale	$0	$5,397,000
Notes Payable to Community Bank [Member]	'	'
Short-term Debt [Line Items]	'	'
Liabilities of assets held for sale	'	5,035,000
Notes Payable to GE Capital [Member]	'	'
Short-term Debt [Line Items]	'	'
Liabilities of assets held for sale	'	$362,000

Liabilities_of_Assets_Held_for3

Liabilities of Assets Held for Sale (Details Textual) (USD $)	12 Months Ended
	Aug. 31, 2014
Notes Payable to Community Bank [Member]	'
Debt Instrument [Line Items]	'
Debt Instrument, Periodic Payment	$39,700
Debt Instrument, Interest Rate During Period	6.00%
Notes Payable to GE Capital [Member]	'
Debt Instrument [Line Items]	'
Debt Instrument, Periodic Payment	$10,400
Debt Instrument, Description of Variable Rate Basis	'LIBOR rate +3.75% (minimum interest rate of 7.3%).

Shareholders_Equity_Details

Shareholders' Equity (Details) (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Aug. 31, 2014	Aug. 31, 2013
EPS- basic and diluted:	'	'
Net income	$5,611	$2,552
Less: undeclared cumulative preferred stock dividends	-76	-76
Net income attributable to common shareholders	$5,535	$2,476
Weighted average common shares outstanding for basic and diluted EPS computation (in shares)	4,861,590	4,861,590
Earnings per common share - basic and diluted (in dollars per share)	$1.14	$0.51

Shareholders_Equity_Details_Te

Shareholders' Equity (Details Textual) (USD $)	12 Months Ended
	Aug. 31, 2014
Sale Of Convertible Preferred Stock	36,000
Preferred Stock, Dividend Rate, Percentage	8.50%
Dividends, Preferred Stock, Cash	$900,000
Common Stock, Conversion Basis	'Holders of the Preferred Stock have the right at any time to convert the Preferred Stock and accrued but unpaid dividends into shares
Final Settlement To Holders Of Preferred Stock During Dissolution	'$25 per share plus all unpaid dividends
Debt Instrument, Convertible, Conversion Price	$22.50
Preferred Stock, Dividend Rate, Per-Dollar-Amount	$25

Profit_Sharing_Plan_Details_Te

Profit Sharing Plan (Details Textual) (USD $)	12 Months Ended
	Aug. 31, 2014	Aug. 31, 2013
Defined Contribution Plan, Administrative Expenses	$206,000	$184,000
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	50.00%	'
Description of Defined Contribution Pension and Other Postretirement Plans	'The Company’s contributions are subject to a five-year vesting period beginning the second year of service.	'
Deferred Profit Sharing [Member]	'	'
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	15.00%	'
Employee Contributions [Member]	'	'
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	4.00%	'

Discontinued_Operations_Detail

Discontinued Operations (Detail Textual) (USD $)	12 Months Ended			1 Months Ended
	Aug. 31, 2014	Jul. 31, 2014	Aug. 31, 2013	Jul. 31, 2014	Aug. 31, 2014	Aug. 31, 2013
				Discontinued Operations [Member]	Discontinued Operations [Member]	Discontinued Operations [Member]
					Scenario, Forecast [Member]	Scenario, Forecast [Member]
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid, Current Year	'	'	'	$1,250,000	'	'
Workers Compensation Liability Reserve	'	2,236,000	'	'	'	'
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	592,000	'	'	'	'	'
Discontinued Operation, Tax (Expense) Benefit from Provision for (Gain) Loss on Disposal	394,000	'	'	'	'	'
Disposal Group, Including Discontinued Operation, Liabilities	$0	'	$5,397,000	'	$322,000	$2,556,000

Income_Taxes_Details

Income Taxes (Details) (USD $)	12 Months Ended
	Aug. 31, 2014	Aug. 31, 2013
Income Taxes [Line Items]	'	'
Provision For Income Taxes, Continuing And Discontinuing Operations	$1,009,000	$1,309,000
Current Income Taxes [Member]	'	'
Income Taxes [Line Items]	'	'
Provision For Income Taxes, Continuing And Discontinuing Operations	974,000	642,000
Current Income Taxes [Member] | Domestic Tax Authority [Member]	'	'
Income Taxes [Line Items]	'	'
Provision For Income Taxes, Continuing And Discontinuing Operations	751,000	467,000
Current Income Taxes [Member] | State and Local Jurisdiction [Member]	'	'
Income Taxes [Line Items]	'	'
Provision For Income Taxes, Continuing And Discontinuing Operations	214,000	269,000
Current Income Taxes [Member] | Foreign Tax Authority [Member]	'	'
Income Taxes [Line Items]	'	'
Provision For Income Taxes, Continuing And Discontinuing Operations	9,000	-94,000
Deferred Income Taxes [Member]	'	'
Income Taxes [Line Items]	'	'
Provision For Income Taxes, Continuing And Discontinuing Operations	35,000	667,000
Deferred Income Taxes [Member] | Domestic Tax Authority [Member]	'	'
Income Taxes [Line Items]	'	'
Provision For Income Taxes, Continuing And Discontinuing Operations	-343,000	1,113,000
Deferred Income Taxes [Member] | State and Local Jurisdiction [Member]	'	'
Income Taxes [Line Items]	'	'
Provision For Income Taxes, Continuing And Discontinuing Operations	378,000	-446,000
Deferred Income Taxes [Member] | Foreign Tax Authority [Member]	'	'
Income Taxes [Line Items]	'	'
Provision For Income Taxes, Continuing And Discontinuing Operations	$0	$0

Income_Taxes_Details_1

Income Taxes (Details 1) (USD $)	12 Months Ended
	Aug. 31, 2014	Aug. 31, 2013
Current:	'	'
Expected income tax benefit at statutory rate	$2,085,000	$1,335,000
Increase (decrease) in taxes due to:	'	'
State tax, net of federal benefit	287,000	197,000
Permanent differences	29,000	24,000
Change in deferred tax asset valuation allowance	-919,000	-2,392,000
Other, net	-473,000	2,145,000
Income tax expense (benefit)	$1,009,000	$1,309,000

Income_Taxes_Details_2

Income Taxes (Details 2) (USD $)	Aug. 31, 2014	Aug. 31, 2013
Deferred tax assets:	'	'
Net operating loss	$527,000	$432,000
Capital losses	99,000	1,344,000
Allowance for doubtful accounts	4,000	49,000
Accrued expenses	333,000	186,000
Accrued worker's compensation	125,000	987,000
Inventory reserve	644,000	618,000
Unrealized losses on investment	-51,000	-37,000
Excess of tax over book depreciation	-131,000	562,000
Other	331,000	267,000
Total deferred tax assets	1,881,000	4,368,000
Valuation allowance	-576,000	-1,495,000
Deferred Tax Assets, Net of Valuation Allowance	1,305,000	2,873,000
Deferred tax liabilities:	'	'
Deferred gains	0	-1,140,000
Total deferred tax liabilities	0	-1,140,000
Total deferred tax assets	$1,305,000	$1,733,000

Income_Taxes_Details_Textual

Income Taxes (Details Textual) (USD $)	12 Months Ended
	Aug. 31, 2014	Aug. 31, 2013
Income Taxes [Line Items]	'	'
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	34.00%	34.00%
Operating Loss Carryforwards	$11,000,000	'
Operating Loss Carry Forwards Expiration Period	'2017	'
Deferred Tax Assets, Operating Loss Carryforwards, State and Local	$258,000	'

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (Operating Lease Agreements [Member], USD $)	Aug. 31, 2014
Operating Lease Agreements [Member]	'
Years ending August 31:	'
2015	$1,484,000
2016	891,000
2017	297,000
2018	256,000
Thereafter	22,000
Operating Leases, Future Minimum Payments Due	$2,950,000

Commitments_and_Contingencies_2

Commitments and Contingencies (Details Textual) (USD $)	12 Months Ended
	Aug. 31, 2014	Aug. 31, 2013
Lease Expiration Date	30-Sep-19	'
Operating Leases, Rent Expense	$1,975,000	$1,758,000
Minimum [Member]	'	'
Monthly Operating Lease Rental Payment	1,000	'
Maximum [Member]	'	'
Monthly Operating Lease Rental Payment	$32,000	'

Related_Party_Transactions_Det

Related Party Transactions (Details Textual) (USD $)	12 Months Ended
	Aug. 31, 2014	Aug. 31, 2013
Related Party Transaction [Line Items]	'	'
Operating Leases, Rent Expense	$1,975,000	$1,758,000
Related Party [Member]	'	'
Related Party Transaction [Line Items]	'	'
Operating Leases, Rent Expense	$625,000	$592,000

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Details) (USD $)	Aug. 31, 2014	Aug. 31, 2013
Marketable securities	$73,000	$1,395,000
Fair Value, Inputs, Level 1 [Member]	'	'
Marketable securities	73,000	1,395,000
Fair Value, Inputs, Level 2 [Member]	'	'
Marketable securities	0	0
Fair Value, Inputs, Level 3 [Member]	'	'
Marketable securities	$0	$0