Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.4
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Nov. 30, 2022
Accounting Policies [Abstract]  
Disaggregation of Revenue The Company’s disaggregated revenues for the three months ended November 30, 2022 and November 30, 2021, respectively, were as follows:
For the Three Months Ended
Revenue (in millions):
November 30, 2022
November 30, 2021
(Unaudited)
HCM1
$ 1.5 $ 1.8
Staffing 3.8  7.1 
$ 5.3  $ 8.9 
1 HCM revenue is presented net, $11.7 million gross billings less WSE payroll costs of $10.3 million for the three months ended November 30, 2022 and $14.1 million gross billings less WSE payroll costs of $12.3 million for the three months ended November 30, 2021.
Revenue from External Customers by Geographic Areas For the three months ended November 30, 2022 and November 30, 2021, respectively, the following geographical regions represented more than 10% of total revenues:
For the Three Months Ended
Region:
November 30, 2022
November 30, 2021
(Unaudited)
California 48.8  % 53.7  %
Washington 12.2  % 13.3  %
New Mexico 10.2  % 6.73
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
Furniture & 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:
For the Three Months Ended
November 30, 2022
November 30, 2021
(Unaudited) ) (Unaudited)
Options (See Note 8) 10,603  4,023 
Warrants (See Note 7) 1,252,748  174,918 
Total potentially dilutive shares 1,263,351  178,941