v3.20.4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Nov. 30, 2020
Nov. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (4,450) $ (12,506)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 845 962
Amortization of debt discount 1,492 1,181
Bad debt (recovery)/provision (60) 362
Bad debt recovery on note receivable (513) 0
Sales return (recovery)/provision (150) 45
Inventory reserve (recovery)/provision (1,336) 604
Loss (gain) on disposal of assets 0 21
Change in fair value of equity investment (1,251) 395
Stock compensation expense 2,360 4,662
Change in fair value of warrant liability 183 (3,204)
Loss on extinguishment of debt 877 0
Right-of-use assets amortization 175 603
Changes in operating assets and liabilities:    
Accounts receivable (2,322) (1,223)
Inventory (5,332) 3,120
Prepaid expenses and other current assets (4,882) (5,858)
Other non-current assets (10) (164)
Accounts payable 4,204 (922)
Customer deposits 2,131 2,352
Accrued expenses and other current liabilities (677) 1,954
Other non-current liabilities (388) (482)
Net cash used in operating activities (9,104) (8,098)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, equipment, and intangibles (129) (1,940)
Net cash used in investing activities (129) (1,940)
CASH FLOWS FROM FINANCING ACTIVITIES    
Financing cost paid in connection with extinguishment of debt (98) 0
Repayment of capital leases 0 (27)
Proceeds from issuance of common stock 0 27,379
Proceeds from line of credit 30,962 25,112
Repayments on line of credit (26,444) (31,651)
Net cash provided by financing activities 4,420 20,813
NET INCREASE (DECREASE) IN CASH (4,813) 10,775
CASH AT BEGINNING OF PERIOD 10,476 3,944
CASH AT END OF PERIOD 5,663 14,719
CASH PAID FOR:    
Interest 35 351
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Services prepaid for in common stock 0 171
Accrued and unpaid amounts for purchase of property & equipment 11 103
Stock issued for amendment of debt agreement $ 3,693 $ 0

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