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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Nov. 30, 2018
Nov. 30, 2017
Operating activities:    
Net income $ 1,925 $ 1,195
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 247 251
Bad debt expense 10 4
Change in inventory reserve 21 31
Net gain on trading securities (228) (203)
(Increase) decrease in:    
Trade accounts receivable (144) (892)
Inventory (2,550) (4)
Prepaid expenses and other assets (911) (738)
Increase (decrease) in:    
Trade accounts payable 2,743 322
Accrued expenses and other current liabilities (1,669) 147
Net cash (used in) provided by operating activities (556) 113
Investing activities:    
Purchase of property, equipment and leasehold improvements (188) (849)
Net sales (purchases) of marketable securities, trading 550 (347)
Net change in securities sold short (771) (113)
Net cash used in investing activities (409) (1,309)
Financing activities:    
Borrowings on revolving credit facility 1,099 359
Preferred dividend (19) (19)
Change in bank overdraft (385) 364
Payments on long-term debt (36) (35)
Net cash provided by financing activities 659 669
Effect of foreign currency exchange rate changes on cash and cash equivalents 158 148
Net decrease in cash and cash equivalents (148) (379)
Cash, cash equivalents and restricted cash - beginning of period 2,705 [1] 4,577
Cash, cash equivalents and restricted cash - end of period 3,328 4,198
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 0 0
Cash paid for interest $ 77 $ 105
[1] Derived from the Company’s audited financial statements included in its Form 10-K for the year ended August 31, 2018 as filed with the U. S. Securities and Exchange Commission on November 28, 2018.