Annual report pursuant to Section 13 and 15(d)

UNAUDITED QUARTERLY FINANCIAL DATA

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UNAUDITED QUARTERLY FINANCIAL DATA
 12 Months Ended
Aug. 31, 2016
Unaudited Quarterly Financial Data  
UNAUDITED QUARTERLY FINANCIAL DATA
    Quarterly results of operations
                                 
    2016   2015
    Three months ended   Three months ended
    30 Nov   29 Feb   31 May   31 Aug   30 Nov   28 Feb   31 May   31 Aug
    (In thousands, except per share data)
Total revenues   $ 126     $ 76     $ 101     $ 149     $ 570     $ 372     $ 120     $ 135  
Gross margin     (7 )     (44 )     (34 )     8       373       217       (19 )     (134 )
Operating loss     (472 )     (557 )     (533 )     (618 )     47       (324 )     (448 )     (952 )
Net income (loss)   $ (97 )   $ (271 )   $ (422 )   $ (521 )   $ 10     $ (86 )   $ 30     $ (23,082 )
                                                                 
Basic and diluted                                                                
 income (loss) per share     *     $ (0.01 )   $ (0.02 )   $ (0.03 )     *       *       *     $ (0.96 )
* Amount is less than $.01 per share                                                                

 

The following item had a significant impact on the Company’s net income (loss):

● In August 2015, the Company sold its remaining farm portfolio. The Company recognized a loss of $22.1 million.