Annual report pursuant to Section 13 and 15(d)

DEBT AND OTHER LONG-TERM OBLIGATIONS (Tables)

v3.24.3
DEBT AND OTHER LONG-TERM OBLIGATIONS (Tables)
12 Months Ended
Aug. 31, 2024
DEBT AND OTHER LONG-TERM OBLIGATIONS  
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

$

104

Year 2

418

Year 3

1,343

Year 4

3,151

Year 5

290

Thereafter

1,638

Total principal payments

6,944

Deferred financing costs

(59)

Total principal payments, net

$

6,885

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, 2024

 

August 31, 2023

 

Operating leases - ROU assets

    

$

158

    

$

357

Operating lease liabilities, current

$

73

$

118

Operating lease liabilities, long term

 

87

 

242

Total lease liability

$

160

$

360

Weighted average remaining lease term (in years)

 

2.0

 

2.8

Weighted average discount rate

 

7.5

%

 

6.0

%