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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2019
Aug. 31, 2019
Current Assets:    
Cash and cash equivalents $ 6,056 $ 4,692 [1]
Restricted cash 2,822 655 [1]
Trade accounts receivable, net 29,477 31,655 [1]
Inventory, net 39,731 37,259 [1]
Marketable securities, trading 405 1,873 [1]
Prepaid expenses and other current assets 4,798 4,234 [1]
Total current assets 83,289 80,368 [1]
Property, equipment and leasehold improvements:    
Held for use, net 5,529 3,717 [1]
Held for sale, net [1]   6,855
Total property, equipment and leasehold improvements, net 5,529 10,572 [1]
Other assets:    
Operating lease right-of-use assets 13,532  
Other assets, net 2,103 1,938 [1]
Total assets 104,453 92,878 [1]
Current Liabilities:    
Trade accounts payable 18,853 21,138 [1]
Accrued expenses and other current liabilities 7,560 8,297 [1]
Liability for short sales of trading securities 2,822 655 [1]
Current portion of operating lease liabilities 2,499  
Current portion of long-term debt [1]   5,484
Total current liabilities 31,734 35,574 [1]
Non-current Liabilities:    
Long-term debt 8,687 6,114 [1]
Operating lease liabilities 11,156  
Total liabilities 51,577 41,688 [1]
Commitments and Contingencies (Note 7) [1]
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 [1]
Common stock, $0.01 par value per share; 8,000,000 shares authorized; 4,861,590 shares outstanding 49 49 [1]
Additional paid-in capital 12,378 12,378 [1]
Accumulated other comprehensive income 664 876 [1]
Retained earnings 39,784 37,886 [1]
Total shareholders' equity 52,876 51,190 [1],[2]
Total liabilities and shareholders' equity $ 104,453 $ 92,878 [1]
[1] Derived from the Company’s audited financial statements included in its Form 10K for the year ended August 31, 2019 as filed with the U. S. Securities and Exchange Commission on November 27, 2019.
[2] Derived from the Company’s audited financial statements included in its Form 10K for the years ended August 31, 2018 and 2018 as filed with the U. S. Securities and Exchange Commission on November 27, 2019 and November 28, 2018, respectively.