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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Feb. 28, 2021
Aug. 31, 2020
Current assets    
Cash and cash equivalents $ 42,385 $ 49,207
Accounts receivable, net of allowance for doubtful accounts of $100 and $50 11,306 7,422
Revenues in excess of billings 3,837 3,093
Prepaid income taxes 1,250 970
Prepaid expenses and other current assets 1,408 1,596
Short-term investments 75,367 66,804
Total current assets 135,553 129,092
Long-term assets    
Capitalized computer software development costs, net of accumulated amortization of $14,271 and $13,582 6,871 6,087
Property and equipment, net 924 438
Operating lease right of use assets 1,532 927
Intellectual property, net of accumulated amortization of $5,801 and $5,087 11,184 11,898
Other intangible assets, net of accumulated amortization of $1,917 and $1,642 6,733 7,008
Goodwill 12,921 12,921
Other assets 51 51
Total assets 175,769 168,422
Current liabilities    
Accounts payable 400 351
Accrued payroll and other expenses 2,891 2,251
Current portion - contracts payable 2,000 2,000
Billings in excess of revenues 258 141
Operating lease liability, current portion 469 463
Deferred revenue 523 300
Total current liabilities 6,541 5,506
Long-term liabilities    
Deferred income taxes, net 2,360 2,354
Operating lease liability 1,064 463
Payments due under contracts payable 4,307 4,064
Total liabilities 14,272 12,387
Shareholders' equity    
Preferred stock, $0.001 par value 10,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $0.001 par value and additional paid in capital —50,000,000 shares authorized, 20,059,528 and 19,923,277 shares issued and outstanding 130,713 128,541
Retained earnings 30,730 27,436
Accumulated other comprehensive income 54 58
Total shareholders' equity 161,497 156,035
Total liabilities and shareholders' equity $ 175,769 $ 168,422