Annual report pursuant to Section 13 and 15(d)

DEBT AND OTHER LONG-TERM OBLIGATIONS (Tables)

v3.22.2.2
DEBT AND OTHER LONG-TERM OBLIGATIONS (Tables)
12 Months Ended
Aug. 31, 2022
DEBT AND OTHER LONG-TERM OBLIGATIONS [Abstract]  
Schedule of maturities of notes payable

The total scheduled maturities of the Company’s loans for each of the years ending August 31 are as follows, with each loan described below the table:

(In thousands)

Scheduled principal payments

Within 1 year

$

13

Year 2

14

Year 3

75

Year 4

386

Year 5

1,309

Thereafter

2,201

3,998

Deferred financing costs

(38)

Net

$

3,960

ROU Lease Assets and Lease Liabilities

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

(In thousands)

    

August 31, 2022

 

August 31, 2021

 

Operating leases - ROU assets

    

$

138

    

$

122

Accrued liabilities

$

76

$

84

Lease obligations - operating leases, net of current portion

 

62

 

37

Total lease liability

$

138

$

121

Weighted average remaining lease term (in years)

 

1.8

 

1.4

Weighted average discount rate

 

6

%

 

6

%