RESTRICTED CASH |
6 Months Ended |
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Feb. 28, 2021 | |
RESTRICTED CASH [Abstract] | |
RESTRICTED CASH |
NOTE 2 – RESTRICTED CASH
The Company has entered into a cash-secured performance standby letter of credit agreement with its primary bank to maintain a letter of credit related to the Company's performance obligations in the ordinary course of business. As of February 28, 2021, the Company had a letter of credit outstanding of $0.3 million and has restricted cash in the same amount.
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- Definition The entire disclosure for assets that are restricted in their use, generally by contractual agreements or regulatory requirements. This would include, but not limited to, a description of the restricted assets and the terms of the restriction. No definition available.
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- References No definition available.
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