Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Nov. 30, 2019
Nov. 30, 2018
OPERATING ACTIVITIES    
Net Loss $ (2,556,000) $ (2,246,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 241,000 188,000
Amortization debt discount, debt issuance cost 854,000 1,044,000
Share based compensation 114,000 190,000
Gain on fair value of derivative liabilities (942,000)
Changes in operating assets and liabilities    
Accounts receivable (1,550,000) (19,000)
Unbilled accounts receivable (4,469,000) 1,434,000
Prepaid expenses 148,000 184,000
Other current assets 81,000 (93,000)
Deposits - workers' compensation 82,000 (892,000)
Deposits and other assets 26,000
Accounts payable 739,000 240,000
Payroll related liabilities 3,656,000 (1,988,000)
Accrued workers' compensation 1,847,000 1,068,000
Other current liabilities 260,000 (726,000)
Net cash used in operating activities (1,495,000) (1,590,000)
INVESTING ACTIVITIES    
Purchase of fixed assets (17,000) (493,000)
Net cash used in investing activities (17,000) (493,000)
FINANCING ACTIVITIES    
Proceeds from exercise of warrants 660,000
Net cash provided by financing activities 660,000
Net decrease in cash (1,512,000) (1,423,000)
Cash - Beginning of Period 1,561,000 1,650,000
Cash - End of Period 49,000 227,000
Supplemental Disclosure of Cash Flows Information:    
Cash paid for interest 133,000
Non-cash Investing and Financing Activities:    
Conversion of debt and accrued interest into common stock $ 1,645,000