Commitments and Contingencies (Tables)

9 Months Ended

May 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of balance sheet information related to leases

Balance sheet information related to the Company’s leases is presented below:

	May 31, 2022		August 31, 2021
Assets
Operating lease right of use assets	$	1,648	$	1,635
Liabilities
Operating lease liabilities, current portion	$	136	$	98
Operating lease liabilities, less current portion		1,512		1,537
Total	$	1,648	$	1,635

Schedule of lease expenses and related cash flows

The following provides details of the Company’s lease expenses:

	Three Months Ended May 31,
	2022		2021
Operating lease expenses, net	$	36		42
	Nine Months Ended May 31,
	2022		2021
Operating lease expenses, net	$	120		123

Other information related to leases is presented below:

	Nine Months Ended May 31,
	2022			2021
Cash Paid for amounts Included In Measurement of Liabilities:
Operating cash flows from operating leases	$	120		$	123
Weighted Average Remaining Lease Term:
Operating leases	16.72 years			18.82 years
Weighted Average Discount Rate
Operating leases		1.76	%		1.76	%

Schedule of aggregate future noncancelable minimum rental payments for the operating leases

The aggregate future noncancelable minimum rental payments for the Company’s operating leases as of May 31, 2022 consisted of the following (in thousands):

	Operating
Years Ending August 31,	Leases
Remainder of 2022	$	41
2023		164
2024		164
2025		121
2026		100
Thereafter		1,309
Total future minimum lease payments, undiscounted		1,899
Less: Imputed interest		251
Present value of future minimum lease payments	$	1,648