v3.19.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Feb. 28, 2019
Feb. 28, 2018
Cash flows from operating activities    
Net loss $ (17,493,972) $ (11,969,233) [1]
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,077,635 490,310 [1]
Gain on disposition of assets (1,254,414)  
Change in fair value of equity investment 592,116  
Stock compensation expense 6,534,044 1,408,671 [1]
Change in fair value of warrant liability (1,055,000)  
Provision for deferred taxes [1]   (270,359)
Change in contingent consideration (5,208,071) 11,141,256 [1]
Changes in operating assets and liabilities:    
Accounts receivable (2,714,278) (2,200,893) [1]
Prepaids (1,511,463) (2,647,357) [1]
Inventory (24,099,353) (3,505,198) [1]
Prepaid consulting (775,102)  
Accounts payable 8,041,452 2,070,118 [1]
Accrued expenses and other current liabilities 3,112,449 49,866 [1]
Net cash used in operating activities (34,753,957) (5,432,819) [1]
Cash flows from investing activities    
Acquisition of web domain [1]   (9,321)
Security deposits (67,831)  
Purchase of property and equipment (2,868,347) (259,635) [1]
Net cash used in investing activities (2,936,178) (268,956) [1]
Cash flows from financing activities    
Repayment of capital leases (47,186) (8,508) [1]
Repayment of note payable [1]   (333,395)
Proceeds from stock option exercises 41,501  
Proceeds from sale of stock, net of costs 41,592,511 11,614,112 [1]
Proceeds from line of credit 54,325,000 742,504 [1]
Payments on line of credit (53,746,590)  
Payments on contingent consideration [1]   (170,000)
Net cash provided by financing activities 42,165,236 11,844,713 [1]
Net increase in cash 4,475,101 6,142,938 [1]
Cash at beginning of period 13,466,807 916,984 [1]
Cash at end of period 17,941,908 7,059,922 [1]
Cash paid for:    
Interest 826,638 30,994 [1]
Income taxes [1]   66,178
Non-cash investing and financing activities    
Property and equipment included in accounts payable 232,256  
Capital leases 240,457  
Services prepaid for in common stock 697,202 102,800 [1]
Shares issued for accounts payable [1]   $ 159,983
Equity investment 1,790,884  
Stock issue for acquisition of Hybrid $ 140,093  
[1] Restated

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