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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2021
Aug. 31, 2020
Current Assets:    
Cash and cash equivalents $ 2,425 $ 6,079 [1]
Restricted cash 10 2,916 [1]
Trade accounts receivable, net 32,844 29,667 [1]
Inventory, net 40,406 39,545 [1]
Marketable securities, trading 4,924 1,368 [1]
Prepaid expenses and other current assets 3,546 5,094 [1]
Total current assets 84,155 84,669 [1]
Non-current Assets:    
Property, equipment and leasehold improvements, net 8,469 8,848 [1]
Other assets:    
Operating lease right-of-use assets 11,410 12,810 [1]
Other assets, net 1,404 1,424 [1]
Total assets 105,438 107,751 [1]
Current Liabilities:    
Trade accounts payable 19,574 16,535 [1]
Accrued expenses and other current liabilities 5,341 6,632 [1]
Liability for short sales of trading securities [1]   2,916
Current portion of operating lease liabilities 2,501 2,653 [1]
Current portion of long-term debt 116 5,100 [1]
Total current liabilities 27,532 33,836 [1]
Non-current Liabilities:    
Long-term debt 4,609 4,807 [1]
Operating lease liabilities 8,987 10,289 [1]
Total liabilities 41,128 48,932 [1]
Commitments and Contingencies [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 1,011 788 [1]
Retained earnings 50,871 45,603 [1]
Total shareholders' equity 64,310 58,819 [1],[2]
Total liabilities and shareholders' equity $ 105,438 $ 107,751 [1]
[1] Derived from the Company’s audited financial statements included in its Form 10K for the year ended August 31, 2020 filed with the U.S. Securities and Exchange Commission on November 30, 2020.
[2] Derived from the Company’s audited financial statements included in its Form 10K for the years ended August 31, 2020 and 2019 as filed with the U. S. Securities and Exchange Commission on November 30, 2020 and November 27, 2019, respectively.