Quarterly report pursuant to Section 13 or 15(d)

Commitments (Tables)

v3.22.1
Commitments (Tables)
6 Months Ended
Feb. 28, 2022
Commitments and Contingencies Disclosure [Abstract]  
Lease, Cost
The components of lease expense is as follows:
Three Months ended February 28, 2022 Six Months ended on February 28, 2022
Operating Lease Cost $ 334,251  $ 788,203 
Lessee, Operating Lease, Liability, Maturity
Future minimum lease and licensing payments under non-cancelable operating leases at February 28, 2022, are as follows:

Minimum lease commitments
2022 $ 731,000 
2023 1,739,000 
2024 1,737,000 
2025 1,532,000 
2026 1,275,000 
Thereafter 1,515,000 
Total minimum payments $ 8,529,000 
Less: present value discount 1,164,000 
Lease Liability $ 7,365,000 
Weighted-average remaining lease term - operating leases (months) 54
Weighted-average discount rate 5.54  %