Annual report pursuant to Section 13 and 15(d)

LONG-TERM OBLIGATIONS AND OPERATING LEASE (Tables)

v3.21.2
LONG-TERM OBLIGATIONS AND OPERATING LEASE (Tables)
12 Months Ended
Aug. 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 consolidated balance sheet as follows:

    

As of August 31, 2021

 

As of August 31, 2020

 

(In thousands)

Operating leases - ROU assets

    

$

122

    

$

196

Accrued liabilities

$

84

$

74

Lease obligations - operating leases, net of current portion

 

37

 

120

Total lease liability

$

121

$

194

Weighted average remaining lease term (in years)

 

1.4

 

2.4

Weighted average discount rate

 

6

%

 

6

%