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Financing Obligation (Tables)
12 Months Ended
Aug. 31, 2022
Financing Obligation [Abstract]  
Financing Obligation

AUGUST 31,

2022

2021

Financing obligation payable in

monthly installments of $328 at

August 31, 2022, including

principal and interest, with two

percent annual increases

(imputed interest at 7.7%),

through June 2025

$

11,161 

$

14,048 

Less current portion

(3,199)

(2,887)

Total financing obligation,

less current portion

$

7,962 

$

11,161 

Future Principal Maturities

YEAR ENDING

AUGUST 31,

2023

$

3,199 

2024

3,538 

2025

4,424 

Thereafter

-

$

11,161 

Future Minimum Payments Under The Financing Obligation

YEAR ENDING

AUGUST 31,

2023

$

3,952 

2024

4,031 

2025

3,301 

Thereafter

-

Total future minimum financing

obligation payments

11,284 

Less interest

(1,435)

Present value of future minimum

financing obligation payments

$

9,849