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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
May 31, 2021
Aug. 31, 2020
Current assets    
Cash and cash equivalents $ 58,811 $ 49,207
Accounts receivable, net of allowance for doubtful accounts of $100 and $50 12,962 7,422
Revenues in excess of billings 3,883 3,093
Prepaid income taxes 492 970
Prepaid expenses and other current assets 1,602 1,596
Short-term investments 60,948 66,804
Total current assets 138,698 129,092
Long-term assets    
Capitalized computer software development costs, net of accumulated amortization of $14,616 and $13,582 7,326 6,087
Property and equipment, net 1,260 438
Operating lease right-of-use assets 1,405 927
Intellectual property, net of accumulated amortization of $6,159 and $5,087 10,826 11,898
Other intangible assets, net of accumulated amortization of $2,054 and $1,642 6,596 7,008
Goodwill 12,921 12,921
Other assets 51 51
Total assets 179,083 168,422
Current liabilities    
Accounts payable 298 351
Accrued payroll and other expenses 2,598 2,251
Income taxes payable 16 0
Current portion - contracts payable 3,333 2,000
Billings in excess of revenues 127 141
Operating lease liability, current portion 426 463
Deferred revenue 542 300
Total current liabilities 7,340 5,506
Long-term liabilities    
Deferred income taxes, net 2,270 2,354
Operating lease liability 980 463
Payments due under contracts payable 3,095 4,064
Total liabilities 13,685 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, 20,121,040 and 19,923,277 shares issued and outstanding 131,994 128,541
Retained earnings 33,310 27,436
Accumulated other comprehensive income 94 58
Total shareholders' equity 165,398 156,035
Total liabilities and shareholders' equity $ 179,083 $ 168,422