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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2017
Aug. 31, 2016
[1]
Current Assets:    
Cash and cash equivalents $ 5,407 $ 4,878
Restricted cash, current 1,682 1,425
Trade accounts receivable, net 19,149 18,797
Inventory, net 26,021 21,532
Marketable securities, trading 113 540
Prepaid expenses and other current assets 1,077 1,135
Total current assets 53,449 48,307
Non-current Assets:    
Property, equipment and leasehold improvements, net 9,151 1,395
Other assets 896 890
Total assets 63,496 50,592
Current Liabilities:    
Trade accounts payable 12,819 12,727
Accrued expenses and other current liabilities 3,614 5,600
Liability for short sales of trading securities 1,682 1,425
Current portion of long-term debt 139 0
Total current liabilities 18,254 19,752
Non-current Liabilities:    
Long-term debt 11,776 0
Total liabilities 30,030 19,752
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 727 730
Retained earnings 20,311 17,682
Total shareholders’ equity 33,466 30,840
Total liabilities and shareholders’ equity $ 63,496 $ 50,592
[1] Derived from the Company’s audited financial statements included in its Form 10-K for the year ended August 31, 2016 as filed with the U. S. Securities and Exchange Commission on November 23, 2016.