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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2016
Aug. 31, 2015
[1]
Current Assets:    
Cash and cash equivalents $ 5,339 $ 5,269
Restricted cash, current 1,502 1,781
Trade accounts receivable, net 19,275 15,485
Inventory, net 19,552 16,733
Marketable securities, trading 183 0
Prepaid expenses and other current assets 750 591
Total current assets 46,601 39,859
Non-current Assets:    
Equipment and leasehold improvements, net 1,375 1,569
Other assets 1,080 1,088
Total assets 49,056 42,516
Current Liabilities:    
Trade accounts payable 12,704 9,318
Accrued expenses and other current liabilities 3,688 4,433
Liability for short sales of trading securities 1,502 1,781
Total current liabilities 17,894 15,532
Non-current Liabilities:    
Long-term debt 1,385 33
Total liabilities 19,279 15,565
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
Common stock, $0.01 par value per share; 8,000,000 shares authorized; 4,861,590 shares outstanding 49 49
Additional paid-in capital 12,378 12,378
Accumulated other comprehensive income 893 860
Retained earnings 16,456 13,663
Total shareholders’ equity 29,777 26,951
Total liabilities and shareholders’ equity $ 49,056 $ 42,516
[1] Derived from the Company’s audited financial statements included in its Form 10-K for the year ended August 31, 2015 filed with the U.S. Securities and Exchange Commission on November 25, 2015.