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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2022
Aug. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 3,023 $ 4,833
Restricted cash and cash equivalents 86 90
Accounts receivable (including related parties), net of allowance for doubtful accounts of $190 and $199 as of May 31, 2022 and August 31, 2021, respectively 1,705 865
Inventories 4,095 3,937
Prepaid expenses and other current assets 153 329
Total current assets 9,062 10,054
Property, plant and equipment, net 4,483 5,244
Operating lease right of use assets 1,648 1,635
Intangible assets, net 105 126
Investments in unconsolidated entities 966 1,011
Other assets 170 169
TOTAL ASSETS 16,434 18,239
CURRENT LIABILITIES:    
Current installments of long-term debt 5,099 5,109
Accounts payable 612 753
Accrued expenses and other current liabilities 2,508 2,783
Other payable to related parties 993 764
Operating lease liabilities, current 136 98
Total current liabilities 9,348 9,507
Long-term debt, excluding current installments 2,080 2,569
Operating lease liabilities, less current portion 1,512 1,537
Total liabilities 12,940 13,613
Commitments and contingencies (Note 5)
SemiLEDs stockholders’ equity    
Common stock, $0.0000056 par value -7,500 shares authorized; 4,530 shares and 4,460 shares issued and outstanding as of May 31, 2022 and August 31, 2021, respectively
Additional paid-in capital 182,569 182,255
Accumulated other comprehensive income 3,694 3,543
Accumulated deficit (182,817) (181,211)
Total SemiLEDs stockholders' equity 3,446 4,587
Noncontrolling interests 48 39
Total equity 3,494 4,626
TOTAL LIABILITIES AND EQUITY $ 16,434 $ 18,239