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Income Taxes (Tables) | 12 Months Ended
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Aug. 31, 2016
Income Taxes |
Schedule of loss before income taxes | The Company’s loss before income taxes for the years ended August 31, 2016 and 2015 consist of the following (in thousands):
|  | Years Ended August 31, |
|  | 2016 |  | 2015 |
U.S. operations |  | $ | (973) |  | $ | (770) |
Foreign operations |  |  | (20,331) |  |  | (12,547) |
Loss before income taxes |  | $ | (21,304) |  | $ | (13,317) |
Schedule of income tax expense differed from the amounts computed by applying the statutory U.S. federal income tax rate to loss before income taxes | Income tax expense differed from the amounts computed by applying the statutory U.S. federal income tax rate of 34% to loss before income taxes for the years ended August 31, 2016 and 2015 as a result of the following (in thousands):
|  | Years Ended August 31, |
|  | 2016 |  | 2015 |
Computed “expected” income tax benefit |  | $ | (7,243) |  | $ | (4,528) |
Foreign tax rate differential |  |  | 2,078 |  |  | 1,432 |
Valuation allowance |  |  | 5,097 |  |  | 3,125 |
Other |  |  | 68 |  |  | (28) |
Income tax expense |  | $ | — |  | $ | 1 |
Schedule of net deferred tax assets (liabilities) | Net deferred tax assets (liabilities) as of August 31, 2016 and 2015 consist of the following (in thousands):
|  | August 31, |
|  | 2016 |  | 2015 |
Deferred tax assets: |  |  |  |  |  |  |
Inventories, primarily due to inventory obsolescence and lower of cost or market provisions |  | $ | 1,659 |  | $ | 1,346 |
Allowance for doubtful accounts |  |  | 155 |  |  | 428 |
Accruals and other |  |  | 196 |  |  | 123 |
Property, plant and equipment |  |  | 4,126 |  |  | 2,627 |
Stock-based compensation |  |  | 609 |  |  | 617 |
Investments in unconsolidated entities |  |  | 5,560 |  |  | 5,587 |
Net operating loss carryforwards |  |  | 21,396 |  |  | 19,086 |
Net operating loss carryforwards-undistributed earnings tax |  |  | 9,679 |  |  | 7,662 |
Total gross deferred tax assets |  |  | 43,380 |  |  | 37,476 |
Less: Valuation allowance |  |  | (43,380) |  |  | (37,476) |
Deferred tax assets, net of valuation allowance |  | $ | — |  | $ | — |
Schedule of unused net operating loss carryforwards and income tax credits | As of August 31, 2016, unused net operating loss carryforwards were as follows (in thousands):
|  | August 31, |  | Expiration |
|  | 2016 |  | Year |
U.S. federal net operating loss carryforwards |  | $ | 11,578 |  | 2025-2036 |
Foreign net operating loss carryforwards (expiring over the next 5 years) |  |  | 8,018 |  | 2017-2021 |
Foreign net operating loss carryforwards (expiring in more than 5 years) |  |  | 94,431 |  | 2022-2026 |
Foreign net operating loss carryforwards (indefinite life) |  |  | 107,540 |  | — |
Total unused net operating loss carryforwards |  | $ | 221,567 |  |  |
Summary of open tax years by major tax jurisdiction |
|  | Open |
|  | Tax Year |
U.S. federal |  | 2005-2015 |
U.S. state |  | 2005-2014 |
Foreign—Taiwan |  | 2013-2015 |

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