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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 29, 2020
Aug. 31, 2019
Current Assets:    
Cash and cash equivalents $ 5,900 $ 4,692 [1]
Restricted cash 2,386 655 [1]
Trade accounts receivable, net 30,710 31,655 [1]
Inventory, net 40,043 37,259 [1]
Marketable securities, trading 894 1,873 [1]
Prepaid expenses and other current assets 5,097 4,234 [1]
Total current assets 85,030 80,368 [1]
Property, equipment and leasehold improvements:    
Held for use, net 7,480 3,717 [1]
Held for sale, net [1]   6,855
Total property, equipment and leasehold improvements, net 7,480 10,572 [1]
Other assets :    
Operating lease right-of-use assets 13,003  
Other assets, net 2,101 1,938 [1]
Total assets 107,614 92,878 [1]
Current Liabilities:    
Trade accounts payable 18,625 21,138 [1]
Accrued expenses and other current liabilities 5,052 8,297 [1]
Liability for short sales of trading securities 2,386 655 [1]
Current portion of operating lease liabilities 2,464  
Current portion of long-term debt [1]   5,484
Total current liabilities 28,527 35,574 [1]
Non-current Liabilities:    
Long-term debt 13,007 6,114 [1]
Operating lease liabilities 10,662  
Total liabilities 52,196 41,688 [1]
Commitments and Contingencies [1]
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 [1]
Common stock, $0.01 par value per share; 8,000,000 shares authorized; 4,861,590 shares outstanding 49 49 [1]
Additional paid-in capital 12,378 12,378 [1]
Accumulated other comprehensive income 627 876 [1]
Retained earnings 42,363 37,886 [1]
Total shareholders' equity 55,418 51,190 [1],[2]
Total liabilities and shareholders' equity $ 107,614 $ 92,878 [1]
[1] Derived from the Company’s audited financial statements included in its Form 10K for the year ended August 31, 2019 as filed with the U. S. Securities and Exchange Commission on November 27, 2019.
[2] Derived from the Company’s audited financial statements included in its Form 10K for the years ended August 31, 2018 and 2019 as filed with the U. S. Securities and Exchange Commission on November 28, 2018 and November 27, 2019, respectively.