XML 30 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Aug. 31, 2014
Aug. 31, 2013
Operating activities:    
Net income $ 5,611 $ 2,552
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 539 616
Bad debt expense 12 137
Inventory reserve 100 (48)
Gain on sale of property (1,495) (730)
Gain on settlement of liabilities on discontinued operations (986) 0
Net loss (gain) on investments 19 (15)
(Increase) decrease in:    
Trade accounts receivable (3,369) (602)
Inventory (691) (2,035)
Prepaid expenses and other assets 831 574
Increase (decrease) in:    
Trade accounts payable 1,332 50
Accrued expenses and other current liabilities 610 398
Deposit liability (87) (60)
Liabilities of discontinued operations (1,247) (157)
Net cash provided by operating activities 1,179 680
Investing activities:    
Purchase of property and equipment (746) (756)
Sale of marketable securities, trading 1,303 0
Proceeds from securities sold short 642 (1,183)
Proceeds from sale of property 9,483 2,830
Change in restricted cash (416) 0
Net cash provided by investing activities 10,266 891
Financing activities:    
Payments on revolving credit facility (4,797) (971)
Payment of preferred dividend (57) (76)
Bank overdraft 545 (254)
Payments on long-term debt - real estate held for sale (5,397) 0
Payments on long-term debt (11) (1,673)
Net cash (used in) financing activities (9,717) (2,974)
Effect of foreign currency exchange rate changes on cash and cash equivalents 245 342
Net increase (decrease) in cash and cash equivalents 1,973 (1,061)
Cash and cash equivalents - beginning of period 1,507 2,568
Cash and cash equivalents - end of period 3,480 1,507
Supplemental disclosures of cash flow information:    
Cash paid for interest 296 815
Cash paid for taxes $ 666 $ 276