v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
May 31, 2019
May 31, 2018
Cash flows from operating activities    
Net loss $ (28,092) $ (21,174) [1]
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,711 792 [1]
Gain on disposition of assets (1,254)  
Change in fair value of equity investment 663  
Stock-based compensation 8,839 1,905 [1]
Change in fair value of warrant liability (7,309)  
Provision for deferred taxes [1]   (273)
Change in fair value of contingent consideration (2,247) 18,182 [1]
Changes in operating assets and liabilities:    
Accounts receivable (5,903) (4,119) [1]
Prepaids (1,632) (3,715) [1]
Inventory (41,313) (6,068) [1]
Other assets (706) (571) [1]
Accounts payable 13,278 1,371 [1]
Accrued expenses and other current liabilities 6,485 869 [1]
Net cash used in operating activities (57,480) (12,801) [1]
Cash flows from investing activities    
Purchase of property, equipment and intangibles (5,420) (997) [1]
Acquisition of Summit, net of cash received [1]   (945)
Net cash used in investing activities (5,420) (1,942) [1]
Cash flows from financing activities    
Repayment of capital leases (105) (248) [1]
Proceeds from (repayment of) notes payable 19,935 (583) [1]
Proceeds from stock option exercises 42 246 [1]
Proceeds from sale of stock, net of costs 41,593 16,435 [1]
Proceeds from line of credit 94,808 2,434 [1]
Repayments on line of credit (94,610)  
Repayment of Summit loans [1]   (712)
Payments for contingent consideration [1]   (170)
Net cash provided by financing activities 61,663 17,402 [1]
Net (decrease) increase in cash (1,237) 2,659 [1]
Cash at beginning of period [1] 13,467 917
Cash at end of period 12,230 3,576 [1]
Cash paid for:    
Interest 959 74 [1]
Income taxes [1]   330
Non-cash investing and financing activities    
Services prepaid for in common stock 1,277 1,421 [1]
Purchase of equity investment 1,791  
Stock issued for acquisition of Hybrid 141  
Purchase of property and equipment $ 356 204 [1]
Reclass Summit tax payable from loan payable short term [1]   $ 274
[1] Restated

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