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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
May 31, 2024
Aug. 31, 2023
[1]
Current Assets:    
Cash and cash equivalents $ 737 $ 8,558
Restricted cash 10 10
Trade accounts receivable, net 54,059 46,654
Inventory, net 67,409 56,270
Marketable securities, trading 9,405 27,228
Prepaid expenses and other current assets 3,838 3,843
Total current assets 135,458 142,563
Property, equipment and leasehold improvements, net 35,415 8,041
Operating lease right-of-use assets 4,498 9,988
Other assets, net 1,508 1,652
Total assets 176,879 162,244
Current Liabilities:    
Trade accounts payable 33,614 22,505
Accrued expenses and other current liabilities 17,160 16,375
Current portion of operating lease liabilities 2,148 3,950
Current portion of long-term debt 120 120
Total current liabilities 53,042 42,950
Long-term debt 4,254 4,348
Long-term operating lease liabilities 2,526 6,225
Total liabilities 59,822 53,523
Commitments and Contingencies
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
Common stock, $0.01 par value per share; 8,000,000 shares authorized; 4,861,590 shares outstanding 49 49
Additional paid-in capital 12,378 12,378
Accumulated other comprehensive (loss) income (30) 38
Retained earnings 104,659 96,255
Total shareholders' equity 117,057 108,721
Total liabilities and shareholders' equity $ 176,879 $ 162,244
[1] Derived from the Company’s audited financial statements included in its Form 10-K for the year ended August 31, 2023 filed with the U.S. Securities and Exchange Commission on November 22, 2023.