Financing Obligation (Tables)

12 Months Ended

Aug. 31, 2020

Financing Obligation [Abstract]

Financing Obligation

AUGUST 31,		2020		2019
Financing obligation payable in
monthly installments of$315 at
August 31, 2020, including
principal and interest, with two
percent annual increases
(imputed interest at 7.7%),
through June 2025	$	16,648	$	18,983
Less current portion		(2,600)		(2,335)
Total financing obligation,
less current portion	$	14,048	$	16,648

Future Principal Maturities

YEAR ENDING
AUGUST 31,
2021	$	2,600
2022		2,887
2023		3,199
2024		3,538
2025		4,424
Thereafter		-
	$	16,648

Future Minimum Payments Under The Financing Obligation

YEAR ENDING
AUGUST 31,
2021	$	3,798
2022		3,874
2023		3,952
2024		4,031
2025		3,301
Thereafter		-
Total future minimum financing
obligation payments		18,956
Less interest		(3,620)
Present value of future minimum
financing obligation payments	$	15,336