XML 36 R23.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Condensed Parent Company Only Financial Statements | 12 Months Ended
--- | ---
Aug. 31, 2016
Condensed Parent Company Only Financial Statements |
Condensed Parent Company Only Financial Statements |
| 15. |  | CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS
As a holding company, dividends received from SemiLEDs’ subsidiaries in Taiwan, if any, will be subject to withholding tax under Taiwan law, as well as statutory and other legal restrictions. The condensed parent company only financial information for SemiLEDs is presented below (in thousands):
|  | August 31, |
Condensed Balance Sheets |  | 2016 |  | 2015 |
ASSETS |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 945 |  | $ | 887 |
Prepaid expenses and other current assets |  |  | 3,548 |  |  | 3,262 |
Total current assets |  |  | 4,493 |  |  | 4,149 |
Intangible assets, net |  |  | 2 |  |  | 56 |
Investments in subsidiaries |  |  | 7,441 |  |  | 24,829 |
Investments in unconsolidated entities |  |  | 434 |  |  | 714 |
TOTAL ASSETS |  | $ | 12,370 |  | $ | 29,748 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |
Advance receipt toward the convertible note |  | $ | 500 |  | $ | — |
Accrued expenses and other current liabilities |  |  | 267 |  |  | 452 |
Total current liabilities |  |  | 767 |  |  | 452 |
Total equity |  |  | 11,603 |  |  | 29,296 |
TOTAL LIABILITIES AND EQUITY |  | $ | 12,370 |  | $ | 29,748 |
SemiLEDs had no contingencies, long‑term obligations and guarantees as of August 31, 2016 or August 31, 2015.
|  | Years Ended August 31, |
Condensed Statements of Operations |  | 2016 |  | 2015 |
Operating expenses: |  |  |  |  |  |  |
Selling, general and administrative |  | $ | 691 |  | $ | 772 |
Loss from operations |  |  | (691) |  |  | (772) |
Other income (expenses): |  |  |  |  |  |  |
Impairment loss on investment |  |  | (280) |  |  | — |
Equity in losses from subsidiaries, net |  |  | (20,302) |  |  | (12,504) |
Interest income |  |  | 0 |  |  | 2 |
Other expenses, net |  |  | (2) |  |  | 0 |
Total other expenses, net |  |  | (20,584) |  |  | (12,502) |
Net loss |  | $ | (21,275) |  | $ | (13,274) |
|  | Years Ended August 31, |
Condensed Statements of Cash Flows |  | 2016 |  | 2015 |
Net cash provided by (used in): |  |  |  |  |  |  |
Operating activities |  | $ | (727) |  | $ | (451) |
Investing activities |  |  | (2,600) |  |  | (6,500) |
Financing activities |  |  | 3,385 |  |  | — |
Net increase (decrease) in cash and cash equivalents |  |  | 58 |  |  | (6,951) |
Cash and cash equivalents at beginning of year |  |  | 887 |  |  | 7,838 |
Cash and cash equivalents at end of year |  | $ | 945 |  | $ | 887 |

X
- References No definition available. + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=68079674&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration