INCOME TAXES (Tables)

3 Months Ended

Nov. 30, 2020

INCOME TAXES [Abstract]

Deferred Tax Assets (Liabilities)

Significant components of the Company’s deferred tax liability as of November 30, 2020 and August 31, 2020 are as follows:

	November 30, 2020			August 31, 2020
Deferred tax assets (liabilities):	(In thousands)
Net operating loss carryforwards	$	—		$	23
Accrued compensation		33			167
Deferred revenues		76			89
Depreciation and depletion		(1,672	)		(1,701	)
Non-qualified stock options		505			491
Other		46			45
Net deferred tax liability	$	(1,012	)	$	(886	)