Income taxes (Tables)
|
12 Months Ended |
Aug. 31, 2021 |
Income Taxes |
|
Schedule of net deferred tax assets |
|
|
|
|
|
|
|
|
|
August 31,
|
|
|
2021
|
|
2020
|
Deferred tax liabilities:
|
|
|
|
|
|
|
Depreciation
|
|
$
|
(597,000)
|
|
$
|
(111,000)
|
Software development costs
|
|
|
—
|
|
|
(265,000)
|
Note receivable
|
|
|
(1,088,000)
|
|
|
(1,132,000)
|
Total deferred tax liabilities
|
|
|
(1,685,000)
|
|
|
(1,508,000)
|
|
|
|
|
|
|
|
Deferred tax assets:
|
|
|
|
|
|
|
Net operating loss carryforward
|
|
|
18,198,000
|
|
|
9,362,000
|
Business interest
|
|
|
2,998,000
|
|
|
3,087,000
|
Other accruals
|
|
|
458,000
|
|
|
—
|
Workers’ compensation accruals
|
|
|
2,061,000
|
|
|
2,202,000
|
Stock-based compensation
|
|
|
207,000
|
|
|
759,000
|
Deferred rent
|
|
|
168,000
|
|
|
14,000
|
Other
|
|
|
6,000
|
|
|
—
|
Total deferred tax assets
|
|
|
24,096,000
|
|
|
15,424,000
|
Valuation allowance
|
|
|
(22,411,000)
|
|
|
(13,916,000)
|
Total net deferred tax assets
|
|
$
|
1,685,000
|
|
$
|
1,508,000
|
Net deferred tax assets
|
|
$
|
—
|
|
$
|
—
|
|
Schedule of Income tax expense |
|
|
|
|
|
|
|
|
|
For the Year Ended
|
|
|
August 31,
|
|
|
2021
|
|
2020
|
Current
|
|
|
|
|
|
|
Federal
|
|
$
|
—
|
|
$
|
—
|
State
|
|
|
42,000
|
|
|
—
|
Total current
|
|
|
42,000
|
|
|
—
|
Deferred
|
|
|
|
|
|
|
Federal
|
|
|
(5,059,000)
|
|
|
(4,669,000)
|
State
|
|
|
(2,807,000)
|
|
|
(1,915,000)
|
Total deferred
|
|
|
(7,866,000)
|
|
|
(6,584,000)
|
Change in valuation allowance
|
|
$
|
7,866,000
|
|
$
|
6,584,000
|
Total Income Tax Expense (Benefit)
|
|
$
|
42,000
|
|
$
|
—
|
|
Reconciliation of the statutory federal rate |
|
|
|
|
|
|
|
|
|
August 31,
|
|
August 31,
|
|
|
2021
|
|
2020
|
Federal statutory rate (21%)
|
|
$
|
(5,738,000)
|
|
$
|
(19,000,000)
|
Non-deductible penalties and other permanent differences
|
|
|
333,000
|
|
|
49,000
|
State and local income taxes, net of federal benefit
|
|
|
(1,607,000)
|
|
|
(1,688,000)
|
Redetermination of prior year taxes
|
|
|
(812,000)
|
|
|
184,000
|
Loss on debt extinguishment
|
|
|
—
|
|
|
747,000
|
Preferred option exchange expense
|
|
|
—
|
|
|
13,039,000
|
Loss on inducement
|
|
|
—
|
|
|
453,000
|
Change in fair value of derivative and warrant liability
|
|
|
—
|
|
|
(368,000)
|
Change in valuation allowance
|
|
|
7,866,000
|
|
|
6,584,000
|
Net income tax provision
|
|
$
|
42,000
|
|
$
|
—
|
|