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Consolidated Balance Sheets - USD ($)
Aug. 31, 2021
Aug. 31, 2020
Current Assets:    
Cash and cash equivalents $ 4,455,000 $ 6,079,000
Restricted cash 10,000 2,916,000
Trade accounts receivable, net 33,929,000 29,667,000
Inventory, net 40,448,000 39,545,000
Marketable securities, trading 3,741,000 1,368,000
Prepaid expenses and other current assets 6,780,000 5,094,000
Total current assets 89,363,000 84,669,000
Property, equipment and leasehold improvements: 8,269,000 8,848,000
Operating lease right-of-use assets 11,084,000 12,810,000
Other assets, net 1,669,000 1,424,000
Total assets 110,385,000 107,751,000
Current Liabilities:    
Trade accounts payable 16,413,000 16,535,000
Accrued expenses and other current liabilities 10,964,000 6,632,000
Liability for short sales of trading securities   2,916,000
Current portion of operating lease liabilities 3,096,000 2,653,000
Current portion of long-term debt 113,000 5,100,000
Total current liabilities 30,586,000 33,836,000
Non-current Liabilities:    
Long-term debt 4,585,000 4,807,000
Operating lease liabilities 8,092,000 10,289,000
Total liabilities 43,263,000 48,932,000
Commitments and Contingencies (Notes 4, 6 and 8)
Shareholders' Equity:    
Convertible preferred stock, $0.01 par value per share; 10,000,000 shares authorized; 36,000 shares outstanding (liquidation value $900) 1,000 1,000
Common stock, $0.01 par value per share; 8,000,000 shares authorized; 4,861,590 shares outstanding 49,000 49,000
Additional paid-in capital 12,378,000 12,378,000
Accumulated other comprehensive income 780,000 788,000
Retained earnings 53,914,000 45,603,000
Total shareholders' equity 67,122,000 58,819,000
Total liabilities and shareholders' equity $ 110,385,000 $ 107,751,000