Quarterly report pursuant to Section 13 or 15(d)

LONG-TERM OBLIGATIONS AND OPERATING LEASE (Tables)

v3.21.2
LONG-TERM OBLIGATIONS AND OPERATING LEASE (Tables)
9 Months Ended
May 31, 2021
LONG-TERM OBLIGATIONS AND OPERATING LEASE [Abstract]  
ROU Lease Assets and Lease Liabilities

ROU lease assets and lease liabilities for the Company’s operating leases were recorded in the condensed consolidated balance sheet as follows:

    

As of May 31, 2021

 

As of August 31, 2020

 

(In thousands)

Operating leases - right of use assets

    

$

141

    

$

196

Accrued liabilities

$

82

$

74

Lease obligations - operating leases, net of current portion

 

58

 

120

Total lease liability

$

140

$

194

Weighted average remaining lease term (in years)

 

1.7

 

2.4

Weighted average discount rate

 

6

%

 

6

%