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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2019
Aug. 31, 2018
Current Assets:    
Cash and cash equivalents $ 5,582 $ 2,705 [1]
Restricted cash, current 2,334 933 [1]
Trade accounts receivable, net 28,583 26,277 [1]
Inventory, net 36,540 30,531 [1]
Marketable securities, trading 968 2,846 [1]
Prepaid expenses and other current assets 3,185 1,590 [1]
Total current assets 77,192 64,882 [1]
Non-current Assets:    
Property, equipment and leasehold improvements, net 9,900 9,847 [1]
Other assets 1,673 1,570 [1]
Total assets 88,765 76,299 [1]
Current Liabilities:    
Trade accounts payable 20,171 17,678 [1]
Accrued expenses and other current liabilities 5,601 7,452 [1]
Current portion of long-term debt 5,166 146 [1]
Liability for short sales of trading securities 2,334 933 [1]
Total current liabilities 33,272 26,209 [1]
Non-current Liabilities:    
Long-term debt 6,872 8,204 [1]
Total liabilities 40,144 34,413 [1]
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 [1]
Common stock, $0.01 par value per share; 8,000,000 shares authorized; 4,861,590 shares outstanding 49 49 [1]
Additional paid-in capital 12,378 12,378 [1]
Accumulated other comprehensive income 890 928 [1]
Retained earnings 35,303 28,530 [1]
Total shareholders' equity 48,621 41,886 [2]
Total liabilities and shareholders' equity $ 88,765 $ 76,299 [1]
[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.
[2] Derived from the Company’s audited financial statements included in its Form 10-K for the years ended August 31, 2018 and 2017 as filed with the U. S. Securities and Exchange Commission on November 28, 2018 and 2017, respectively.