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Financing Obligation (Tables)

12 Months Ended

Aug. 31, 2019

Financing Obligation [Abstract]

Financing Obligation



AUGUST 31,		2019		2018
Financing obligation payable in
monthly installments of $309 at
August 31, 2019, including
principal and interest, with two
percent annual increases
(imputed interest at 7.7%),
through June 2025	$	18,983	$	21,075
Less current portion		(2,335)		(2,092)
Total financing obligation,
less current portion	$	16,648	$	18,983



Future Principal Maturities



YEAR ENDING
AUGUST 31,
2020	$	2,335
2021		2,600
2022		2,887
2023		3,199
2024		3,538
Thereafter		4,424
	$	18,983



Future Minimum Payments Under The Financing Obligation



YEAR ENDING
AUGUST 31,
2020	$	3,724
2021		3,798
2022		3,874
2023		3,952
2024		4,031
Thereafter		3,301
Total future minimum financing
obligation payments		22,680
Less interest		(5,009)
Present value of future minimum
financing obligation payments	$	17,671



X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 30
-URI http://asc.fasb.org/subtopic&trid=2209026

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=84164817&loc=d3e45280-112737

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- Definition

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://fasb.org/us-gaap/role/ref/legacyRef
-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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