Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
May 31, 2020
May 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (70,368) $ (28,092)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 3,259 1,711
Amortization of debt discount 3,902 0
Provision for bad debt 10,421 2,313
Provision for sales returns 30 540
Inventory obsolescence 2,218 0
Provision for inventory reserve 14,619 2,133
Loss (gain) on disposal of assets 26 (1,254)
Gain on termination of leases (798) 0
Impairment of assets 6,895 0
Change in fair value of equity investment 1,100 663
Stock compensation expense 11,074 8,839
Change in fair value of warrant liability (3,435) (7,309)
Change in fair value of contingent consideration 0 (2,247)
Changes in operating assets and liabilities:    
Accounts receivable 6,854 (8,756)
Inventory 5,101 (43,446)
Prepaid expenses and other current assets (7,854) (1,632)
Other non-current assets 498 (706)
Accounts payable (5,813) 13,278
Customer deposits 1,225 2,253
Accrued expenses and other current liabilities 1,600 4,232
Net cash used in operating activities (20,198) (57,480)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, equipment, and intangibles (4,317) (5,420)
Net cash used in investing activities (4,317) (5,420)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of finance leases (86)  
Repayment of capital leases   (105)
Proceeds from notes payable 1,900 19,935
Proceeds from stock option exercises 0 42
Proceeds from issuance of common stock 42,095 41,593
Proceeds from line of credit 76,325 94,808
Repayments on line of credit (88,575) (94,610)
Net cash provided by financing activities 31,659 61,663
Net increase (decrease) in cash 7,144 (1,237)
Cash at beginning of year 3,944 13,467
Cash at end of year 11,088 12,230
CASH PAID FOR:    
Interest 624 959
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Services prepaid for in common stock 646 1,277
Accrued and unpaid amounts for purchase of property & equipment 403 356
Stock issuance for acquisition of Hybrid 0 141
Shares issued in exchange for equity investment in Xtraction Services 2,528 0
Fair value of shares received from sale of assets $ 0 $ 1,791