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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2023
Aug. 31, 2022
[1]
Current Assets:    
Cash and cash equivalents $ 1,348 $ 17,386
Restricted cash 10 10
Trade accounts receivable, net 40,523 44,637
Inventory, net 56,464 48,808
Marketable securities, trading 28,447 3,925
Prepaid expenses and other current assets 3,755 5,008
Total current assets 130,547 119,774
Non-current Assets:    
Property, equipment and leasehold improvements, net 8,073 8,479
Operating lease right-of-use assets 10,390 10,389
Other assets, net 1,141 1,039
Total assets 150,151 139,681
Current Liabilities:    
Trade accounts payable 19,768 21,762
Accrued expenses and other current liabilities 12,623 15,020
Current portion of operating lease liabilities 3,801 3,375
Current portion of long-term debt 120 119
Total current liabilities 36,312 40,276
Non-current Liabilities:    
Long-term debt 4,377 4,465
Operating lease liabilities 6,776 7,192
Total liabilities 47,465 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 39 174
Retained earnings 90,219 75,146
Total shareholders' equity 102,686 87,748 [2]
Total liabilities and shareholders' equity $ 150,151 $ 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