General form of registration statement for all companies including face-amount certificate companies

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
Feb. 29, 2020
Nov. 30, 2019
Aug. 31, 2019
Feb. 28, 2019
Nov. 30, 2018
Aug. 31, 2018
Aug. 31, 2017
Current assets              
Cash $ 397,000   $ 1,561,000     $ 1,650,000  
Accounts receivable, net 1,197,000   86,000     36,000  
Unbilled accounts receivable 2,093,000   1,402,000     547,000  
Note receivable, net 358,000            
Deposit - workers' compensation 262,000   235,000     83,000  
Prepaid expenses 402,000   349,000     445,000  
Other current assets 163,000   244,000     259,000  
Current assets of discontinued operations 1,924,000   10,154,000     7,427,000  
Total current assets 6,796,000   14,031,000     10,447,000  
Fixed assets, net 2,923,000   3,320,000     2,990,000  
Note receivable, net 5,372,000            
Deposits - workers' compensation 453,000   754,000     110,000  
Deposits and other assets 104,000   124,000     121,000  
Non current assets of discontinued operations 3,324,000   5,567,000     2,134,000  
Total assets 18,972,000   23,796,000     15,802,000  
Current liabilities              
Accounts payable and other accrued liabilities 2,673,000   4,455,000     3,185,000  
Payroll related liabilities 5,801,000   2,559,000     976,000  
Convertible notes, net 1,427,000   3,351,000     6,172,000  
Accrued workers' compensation costs 262,000   235,000     15,000  
Default penalties accrual     1,800,000     3,500,000  
Derivative liability 294,000   3,756,000        
Current liabilities of discontinued operations 1,924,000   16,032,000     8,808,000  
Total current liabilities 12,381,000   32,188,000     22,656,000  
Non-current liabilities              
Convertible notes, net 609,000            
Accrued workers' compensation costs 771,000   525,000     45,000  
Non-current liabilities of discontinued operations 5,652,000   3,853,000     856,000  
Total liabilities 19,413,000   36,566,000     23,557,000  
Commitments and contingencies        
Stockholders' deficit              
Preferred stock, 50,000,000 authorized shares; $0.0001 par value        
Common stock, 750,000,000 authorized shares; $0.0001 par value; 1,103,643 and 907,047 shares issued as of February 29, 2020 and August 31, 2019          
Additional paid-in capital 37,620,000   32,505,000     18,468,000  
Treasury stock, at cost- 13,953 shares and 0 shares as of August 31, 2019 and August 31, 2018     (325,000)        
Accumulated deficit (38,061,000)   (44,950,000)     (26,223,000)  
Total stockholders' deficit (441,000) $ (15,212,000) (12,770,000) $ (4,764,000) $ (7,506,000) (7,754,000) $ 5,616,000
Total liabilities and stockholders' deficit $ 18,972,000   $ 23,796,000     $ 15,802,000