Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Feb. 29, 2020
Feb. 28, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (56,881) $ (17,494)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,032 1,078
Amortization of debt discount 2,503  
Provision for bad debt 9,462 1,115
Provision for sales returns 116  
Inventory obsolescence 1,157  
Provision for inventory reserve 12,483 1,504
Loss (gain) on disposal of assets 21 (1,254)
Impairment of assets 6,901  
Change in fair value of equity investment 1,091 592
Stock-based compensation 8,089 6,534
Change in fair value of warrant liability (4,595) (1,055)
Change in fair value of contingent consideration 0 (5,208)
Changes in operating assets and liabilities:    
Accounts receivable 2,029 (3,830)
Inventory 4,863 (25,604)
Prepaid expenses and other current assets (5,222) (2,287)
Other non-current assets 17  
Accounts payable (6,438) 8,042
Accrued expenses and other current liabilities 3,611 3,113
Net cash used in operating activities (18,761) (34,754)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, equipment, and intangibles (3,550) (2,868)
Security deposits 0 (68)
Net cash used in investing activities (3,550) (2,936)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of capital leases (62) (47)
Proceeds from stock option exercises 0 41
Proceeds from issuance of common stock 42,095 41,593
Proceeds from line of credit 49,331 54,325
Repayments on line of credit (61,619) (53,747)
Net cash provided by financing activities 29,745 42,165
NET INCREASE (DECREASE) IN CASH 7,434 4,475
CASH AT BEGINNING OF YEAR 3,944 3,944
CASH AT END OF YEAR 11,378 17,942
CASH PAID FOR:    
Interest 488 827
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Capital leases 0 240
Services prepaid for in common stock 296 697
Accrued and unpaid amounts for purchase of property & equipment 276 232
Stock issuance for acquisition of Hybrid 0 140
Shares issued in exchange for equity investment in Xtraction Services 2,528  
Equity investment $ 0 $ 1,791