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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2021
Aug. 31, 2021
[1]
Current Assets:    
Cash and cash equivalents $ 5,583 $ 4,455
Restricted cash 10 10
Trade accounts receivable, net 34,168 33,929
Inventory, net 42,542 40,448
Marketable securities, trading 3,684 3,741
Prepaid expenses and other current assets 11,395 6,780
Total current assets 97,382 89,363
Property, equipment and leasehold improvements, net 8,173 8,269
Operating lease right-of-use assets 11,304 11,084
Other assets, net 1,404 1,669
Total assets 118,263 110,385
Current Liabilities:    
Trade accounts payable 17,047 16,413
Accrued expenses and other current liabilities 11,708 10,964
Current portion of operating lease liabilities 3,301 3,096
Current portion of long-term debt 119 113
Total current liabilities 32,175 30,586
Non-current Liabilities:    
Long-term debt 4,552 4,585
Operating lease liabilities 8,127 8,092
Total liabilities 44,854 43,263
Commitments and Contingencies (Note 8)
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 300 780
Retained earnings 60,681 53,914
Total shareholders' equity 73,409 67,122 [2]
Total liabilities and shareholders' equity $ 118,263 $ 110,385
[1] Derived from the Company’s audited financial statements included in its Form 10-K for the year ended August 31, 2021 filed with the U.S. Securities and Exchange Commission on July 6, 2022.
[2] Derived from the Company’s audited financial statements included in its Form 10-K for the years ended August 31, 2021 and 2020 as filed with the U. S. Securities and Exchange Commission on July 6, 2022 and November 30, 2020, respectively.