Quarterly report pursuant to Section 13 or 15(d)

Commitments (Tables)

v3.22.2
Commitments (Tables)
9 Months Ended
May 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Lease, Cost
The components of lease expense is as follows:
Three Months Ended May 31, 2022
Nine Months Ended on May 31, 2022
Operating Lease Cost $ 326,086  $ 997,225 
Lessee, Operating Lease, Liability, Maturity Future minimum lease and licensing payments under non-cancelable operating leases at May 31, 2022, are as follows:
Minimum lease commitments
2022 $ 399,000 
2023 1,985,000 
2024 2,018,000 
2025 1,825,000 
2026 1,580,000 
Thereafter 1,775,000 
Total minimum payments $ 9,582,000 
Less: present value discount 1,254,000 
Lease Liability $ 8,328,000 
Weighted-average remaining lease term - operating leases (months) 72
Weighted-average discount rate 5.54  %