Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.4
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Nov. 30, 2021
Accounting Policies [Abstract]  
Disaggregation of Revenue The Company’s disaggregated revenues for the three months ended November 30, 2021 and November 30, 2020 were as follows:
For the three months ended
Revenue (in millions):
November 30, 2021
November 30, 2020
HCM1
$ 1.8  $ 2.5 
Staffing 7.1  — 
$ 8.9  $ 2.5 
1 HCM revenue is presented net, $14.1 million gross less WSE payroll cost of $12.3 million for the three months ended November 30, 2021 and $19.8 million gross less WSE payroll cost of $17.3 million for the three months ended November 30, 2020.
Revenue from External Customers by Geographic Areas
For the three months ended November 30, 2021 and November 30, 2020, the following geographical regions represented more than 10% of total revenues:

Region:
November 30, 2021
November 30, 2020
California 53.7  % 78.2  %
Washington 13.3  % 11.6  %
Schedule of Estimated Useful Lives of Property and Equipment The estimated useful lives of property and equipment for purposes of computing depreciation are as follows:
Equipment: 5 years
Furnitures & Fixtures:
5 - 7 years
Leasehold improvements
Shorter of useful life or the remaining lease term, typically 5 years
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share Securities that are excluded from the calculation of weighted average dilutive common stock, because their inclusion would have been antidilutive, are:
Three months ended November 30, 2021 Three Months Ended November 30, 2020
Options 402,258  1,517,189 
Warrants (Note 7) 17,491,772  4,396,209 
Total potentially dilutive shares 17,894,030  5,913,398