Annual report pursuant to Section 13 and 15(d)

Fixed Assets (Tables)

v3.20.2
Fixed Assets (Tables)
12 Months Ended
Aug. 31, 2020
Fixed Assets  
Schedule of Fixed Assets

 

 

 

 

 

 

 

 

 

 

    

August 31, 

    

August 31, 

 

 

2020

 

2019

Equipment

 

$

576,000

 

$

341,000

Furniture & fixtures

 

 

348,000

 

 

348,000

Software, net of impairment

 

 

 —

 

 

3,737,000

Leasehold improvements

 

 

41,000

 

 

41,000

 

 

 

965,000

 

 

4,467,000

Accumulated depreciation & amortization

 

 

(390,000)

 

 

(312,000)

Fixed assets, net

 

$

575,000

 

$

4,155,000

 

Schedule of capitalized software

 

 

 

 

 

 

 

 

 

 

    

August 31, 

    

August 31, 

 

 

2020

 

2019

Software costs capitalized

 

$

3,737,000

 

$

3,737,000

Software costs impaired

 

 

(3,737,000)

 

 

 —

Software costs, Net

 

$

 —

 

$

3,737,000