XML 15 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Nov. 30, 2017
Nov. 30, 2016
Operating activities:    
Net income $ 1,195 $ 661
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 251 169
Bad debt expense 4 4
Change in inventory reserve 31 135
Net (gain) loss on trading securities (203) 102
(Increase) decrease in:    
Trade accounts receivable (892) 173
Inventory (4) (1,959)
Prepaid expenses and other assets (738) (90)
Increase (decrease) in:    
Trade accounts payable 322 190
Accrued expenses and other current liabilities 147 (3,310)
Net cash provided by (used in) operating activities 113 (3,925)
Investing activities:    
Purchase of property, equipment and leasehold improvements (849) (585)
(Purchase) sale of marketable securities, trading (347) 234
Net change in securities sold short (113) 439
Change in restricted cash 113 (439)
Net cash used in investing activities (1,196) (351)
Financing activities:    
Borrowings on revolving credit facility 359 4,079
Preferred dividend (19) (19)
Bank overdraft 364 485
Payments on long-term debt (35) 0
Net cash provided by financing activities 669 4,545
Effect of foreign currency exchange rate changes on cash and cash equivalents 148 (59)
Net (decrease) increase in cash and cash equivalents (266) 210
Cash and cash equivalents - beginning of period 3,870 [1] 4,878
Cash and cash equivalents - end of period 3,604 5,088
Supplemental disclosures of cash flow information:    
Cash paid for income taxes $ 0 $ 2,627
[1] Derived from the Company’s audited financial statements included in its Form 10-K for the year ended August 31, 2017 as filed with the U. S. Securities and Exchange Commission on November 22, 2017.