Condensed Parent Company Only Financial Statements

12 Months Ended

Aug. 31, 2018

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Condensed Parent Company Only Financial Statements

15. CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS

As a holding company, dividends received from SemiLEDs’ subsidiaries in Taiwan, if any, will be subject to withholding tax under Taiwan law, as well as statutory and other legal restrictions. The condensed parent company only financial information for SemiLEDs is presented below (in thousands):

	August 31,
Condensed Balance Sheets	2018		2017
ASSETS
Cash and cash equivalents	$	194	$	109
Prepaid expenses and other current assets		3,973		4,014
Total current assets		4,167		4,123
Intangible assets, net		1		2
Investments in subsidiaries		1,674		4,259
Investments in unconsolidated entities		—		62
TOTAL ASSETS	$	5,842	$	8,446
LIABILITIES AND EQUITY
Advance receipt toward the convertible note	$	500	$	500
Accrued expenses and other current liabilities		339		129
Total current liabilities		839		629
Total equity		5,003		7,817
TOTAL LIABILITIES AND EQUITY	$	5,842	$	8,446

SemiLEDs had no contingencies, long‑term obligations and guarantees as of August 31, 2018 or August 31, 2017.

	Years Ended August 31,
Condensed Statements of Operations	2018			2017
Operating expenses:
Selling, general and administrative	$	754		$	736
Loss from operations		(754	)		(736	)
Other income (expenses):
Impairment loss on investments		—			(352	)
Equity in losses from subsidiaries, net		(2,619	)		(3,464	)
Other income (expenses), net		392			461
Total other expenses, net		(2,227	)		(3,355	)
Net loss	$	(2,981	)	$	(4,091	)

	Years Ended August 31,
Condensed Statements of Cash Flows	2018			2017
Net cash provided by (used in):
Operating activities	$	(449	)	$	(854	)
Investing activities		534			18
Financing activities		—			—
Net increase (decrease) in cash and cash equivalents		85			(836	)
Cash and cash equivalents at beginning of year		109			945
Cash and cash equivalents at end of year	$	194		$	109