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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2018
Aug. 31, 2017
[1]
Current Assets:    
Cash and cash equivalents $ 2,977 $ 3,870
Restricted cash, current 823 707
Trade accounts receivable, net 24,347 21,339
Inventory, net 29,471 26,487
Marketable securities, trading 2,678 1,596
Prepaid expenses and other current assets 1,858 452
Total current assets 62,154 54,451
Non-current Assets:    
Property, equipment and leasehold improvements, net 9,927 9,256
Other assets 1,898 2,073
Total assets 73,979 65,780
Current Liabilities:    
Trade accounts payable 16,614 13,364
Accrued expenses and other current liabilities 4,822 4,545
Liability for short sales of trading securities 823 707
Current portion of long-term debt 145 139
Total current liabilities 22,404 18,755
Non-current Liabilities:    
Long-term debt 11,822 12,193
Other non-current liabilities 51 0
Total liabilities 34,277 30,948
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 907 747
Retained earnings 26,367 21,657
Total shareholders’ equity 39,702 34,832
Total liabilities and shareholders’ equity $ 73,979 $ 65,780
[1] Derived from the Company’s audited financial statements included in its Form 10-K for the year ended August 31, 2017 as filed with the U. S. Securities and Exchange Commission on November 22, 2017.