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Financing Obligation (Tables)

12 Months Ended

Aug. 31, 2017

Financing Obligation [Abstract]

Financing Obligation



AUGUST 31,		2017		2016
Financing obligation payable in
monthly installments of $297 at
August 31, 2017, including
principal and interest, with two
percent annual increases
(imputed interest at 7.7%),
through June 2025	$	22,943	$	24,605
Less current portion		(1,868)		(1,662)
Total financing obligation,
less current portion	$	21,075	$	22,943



Future Principal Maturities



YEAR ENDING
AUGUST 31,
2018	$	1,868
2019		2,092
2020		2,335
2021		2,600
2022		2,887
Thereafter		11,161
	$	22,943



Future Minimum Payments Under The Financing Obligation



YEAR ENDING
AUGUST 31,
2018	$	3,579
2019		3,651
2020		3,724
2021		3,798
2022		3,874
Thereafter		11,283
Total future minimum financing
obligation payments		29,909
Less interest		(8,278)
Present value of future minimum
financing obligation payments	$	21,631



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- Definition

Financing Obligation [Abstract]

+ References

No definition available.

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- Definition

The entire disclosure for capital leasing arrangements including, but not limited to, the following: a) the basis on which contingent rental payments are determined; (b) the existence and terms of renewal or purchase options and escalation clauses; (c) restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6455398&loc=d3e45280-112737

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6452660&loc=d3e36991-112694

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- Definition

Tabular disclosure of long-lived, depreciable assets that are subject to a lease meeting the criteria for capitalization and are used in the normal conduct of business to produce goods and services. Examples may include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6455398&loc=d3e45280-112737

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Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601

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