Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.20.4
Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Nov. 30, 2020
Nov. 30, 2019
OPERATING ACTIVITIES    
Net Loss $ (6,936,000) $ (2,394,000)
(Loss) income from discontinued operations (1,314,000) 1,990,000
Net loss from continuing operations (5,622,000) (4,384,000)
Adjustments to reconcile net loss from continuing operations to net cash used in continuing operating activities:    
Depreciation and amortization 62,000 79,000
Amortization of debt discount and debt issuance cost   854,000
Stock-based compensation 421,000 114,000
Change in fair value of derivative and warrant liability 0 (942,000)
Changes in operating assets and liabilities    
Accounts receivable 150,000 50,000
Unbilled accounts receivable (157,000) (413,000)
Prepaid expenses 138,000 142,000
Other current assets (46,000) 81,000
Deposits - workers' compensation 11,000 11,000
Deposits and other assets (35,000)  
Accounts payable (432,000) 1,224,000
Payroll related liabilities 1,012,000 125,000
Accrued workers' compensation 127,000 221,000
Net cash used in continuing operating activities (4,371,000) (2,838,000)
Net cash provided by (used in) discontinued operating activities (981,000) 1,343,000
Net cash used in operating activities (5,352,000) (1,495,000)
INVESTING ACTIVITIES    
Purchase of fixed assets (572,000) (17,000)
Net cash used in investing activities (572,000) (17,000)
FINANCING ACTIVITIES    
Proceeds from underwritten public offering, net of offering costs 10,701,000  
Net cash provided by financing activities 10,701,000  
Net increase in cash 4,777,000 (1,512,000)
Cash - Beginning of Period 4,303,000 1,561,000
Cash - End of Period 9,080,000 $ 49,000
Supplemental Disclosure of Cash Flows Information:    
Cash paid for interest $ 3,000