Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

v3.20.2
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
9 Months Ended
May 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of fair value of financial instruments
The following table details the fair value measurement within the fair value hierarchy of the Company’s financial instruments, which includes the Level 2 assets and the Level 3 liabilities:
 
Fair Value at May 31, 2020
 
Total
Level 1
Level 2
Level 3
Assets:
 
 
 
 
Equity investment
$ 2,060    $ —    $ 2,060    $ —   
Liabilities:
Warrant liability
$ 2,009    $ —    $ —    $ 2,009   
 
Fair Value at August 31, 2019
 
Total
Level 1
Level 2
Level 3
Assets:
 
 
 
 
Equity investment
$ 592    $ —    $ 592    $ —   
Liabilities:
Warrant liability
$ 5,444    $ —    $ —    $ 5,444   
Schedule of fair value warrant liability
The following table reflects adjustments to the estimated fair value of the Company’s warrant liability with respect to the 2018 Warrants measured using Level 3 inputs:
 
Warrant
Liability
As of August 31, 2019 $ 5,444   
Adjustments to estimated fair value (3,204)  
As of November 30, 2019 2,240   
Adjustments to estimated fair value (1,391)  
As of As of February 29, 2020 849   
Adjustments to estimated fair value 1,160   
As of May 31, 2020 $ 2,009   

 
Warrant
Liability
As of August 31, 2018 $ 14,430   
Adjustments to estimated fair value 216   
As of November 30, 2018 14,646   
Adjustments to estimated fair value (1,271)  
As of February 28, 2019 13,375   
Adjustments to estimated fair value (5,965)  
As of May 31, 2019 $ 7,410   
Schedule of fair value contingent acquisition liabilities
The following table reflects the changes in fair value of the Company’s contingent consideration payable measured using Level 3 inputs:
 
Contingent
Consideration
Payable
As of August 31, 2018 $ 5,488   
Change in fair value
394   
As of November 30, 2018 5,882   
Change in fair value
(5,602)  
Cash payments
(140)  
Settled in shares- Hybrid
(140)  
As of As of February 28, 2019 —   
Change in fair value 2,961   
As of May 31, 2019 $ 2,961