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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 28, 2023
Aug. 31, 2022
[1]
Current Assets:    
Cash and cash equivalents $ 5,324 $ 17,386
Restricted cash 10 10
Trade accounts receivable, net 41,554 44,637
Inventory, net 53,466 48,808
Marketable securities, trading 21,865 3,925
Prepaid expenses and other current assets 3,255 5,008
Total current assets 125,474 119,774
Non-current Assets:    
Property, equipment and leasehold improvements, net 8,162 8,479
Operating lease right-of-use assets 10,660 10,389
Other assets, net 1,436 1,039
Total assets 145,732 139,681
Current Liabilities:    
Trade accounts payable 22,740 21,762
Accrued expenses and other current liabilities 10,178 15,020
Current portion of operating lease liabilities 3,688 3,375
Current portion of long-term debt 120 119
Total current liabilities 36,726 40,276
Non-current Liabilities:    
Long-term debt 4,406 4,465
Operating lease liabilities 7,164 7,192
Total liabilities 48,296 51,933
Commitments and Contingencies
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 89 174
Retained earnings 84,919 75,146
Total shareholders' equity 97,436 87,748 [2]
Total liabilities and shareholders' equity $ 145,732 $ 139,681
[1] Derived from the Company’s audited financial statements included in its Form 10-K for the year ended August 31, 2022 filed with the U.S. Securities and Exchange Commission on November 4, 2022.
[2] Derived from the Company’s audited financial statements included in its Form 10-K for the year ended August 31, 2022 and 2021 as filed with the U.S. Securities and Exchange Commission on November 4, 2022 and July 6, 2022, respectively