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Condensed Consolidated Balance Sheets - USD ($)
Feb. 28, 2021
Aug. 31, 2020
Current Assets:    
Cash and cash equivalents $ 2,817,000 $ 6,079,000 [1]
Restricted cash [1]   2,916,000
Trade accounts receivable, net 28,746,000 29,667,000 [1]
Inventory, net 40,180,000 39,545,000 [1]
Marketable securities, trading 4,155,000 1,368,000 [1]
Prepaid expenses and other current assets 3,818,000 5,094,000 [1]
Total current assets 81,020,000 84,669,000 [1]
Non-current Assets:    
Property, equipment and leasehold improvements, net 8,387,000 8,848,000 [1]
Other assets :    
Operating lease right-of-use assets 11,963,000 12,810,000 [1]
Other assets, net 1,402,000 1,424,000 [1]
Total assets 102,772,000 107,751,000 [1]
Current Liabilities:    
Trade accounts payable 19,622,000 16,535,000 [1]
Accrued expenses and other current liabilities 4,053,000 6,632,000 [1]
Liability for short sales of trading securities 1,294,000 2,916,000 [1]
Current portion of operating lease liabilities 2,609,000 2,653,000 [1]
Current portion of long-term debt 116,000 5,209,000 [1]
Total current liabilities 27,694,000 33,945,000 [1]
Non-current Liabilities:    
Long-term debt 4,638,000 4,698,000 [1]
Operating lease liabilities 9,405,000 10,289,000 [1]
Total liabilities 41,737,000 48,932,000 [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) 1,000 1,000 [1]
Common stock, $0.01 par value per share; 8,000,000 shares authorized; 4,861,590 shares outstanding 49,000 49,000 [1]
Additional paid-in capital 12,378,000 12,378,000 [1]
Accumulated other comprehensive income 797,000 788,000 [1]
Retained earnings 47,810,000 45,603,000 [1]
Total shareholders' equity 61,035,000 58,819,000 [1],[2]
Total liabilities and shareholders' equity $ 102,772,000 $ 107,751,000 [1]
[1] *      Derived from the Company’s audited financial statements included in its Form 10K for the year ended August 31, 2020 filed with the U. S. Securities and Exchange Commission on November 30, 2020.
[2] *      Derived from the Company’s audited financial statements included in its Form 10K for the years ended August 31, 2020 and 2019 as filed with the U. S. Securities and Exchange Commission on November 30, 2020 and November 27, 2019, respectively