Condensed Consolidated Balance Sheets - USD ($)
|
Feb. 28, 2018 |
Aug. 31, 2017 |
| CURRENT ASSETS |
|
|
| Cash |
$ 7,059,922
|
$ 916,984
|
| Accounts receivable, net of allowance |
3,896,196
|
1,695,303
|
| Prepaid expenses and other current assets |
4,204,253
|
1,625,689
|
| Inventory |
7,259,369
|
3,754,171
|
| Total Current Assets |
22,419,740
|
7,992,147
|
| Goodwill |
34,247,344
|
34,247,344
|
| Intangible assets, net |
3,363,536
|
3,730,287
|
| Deposits |
191,423
|
50,235
|
| Deferred tax asset |
30,081
|
30,081
|
| Property and equipment, net |
1,077,160
|
931,763
|
| TOTAL ASSETS |
61,329,284
|
46,981,857
|
| CURRENT LIABILITIES |
|
|
| Accounts payable |
3,161,169
|
1,039,889
|
| Accrued expenses and other current liabilities |
1,184,240
|
993,186
|
| Contingent cash consideration |
1,650,000
|
1,820,000
|
| Notes payable - current portion |
354,613
|
689,450
|
| Line of credit - current portion |
742,504
|
|
| Total Current Liabilities |
7,092,526
|
4,542,525
|
| LONG-TERM DEBT |
|
|
| Deferred tax liability |
1,151,536
|
1,424,173
|
| Notes payable |
27,447
|
34,513
|
| TOTAL LIABILITIES |
8,271,509
|
6,001,211
|
| COMMITMENTS and CONTINGENCIES |
|
|
| STOCKHOLDERS' EQUITY |
|
|
| Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding |
|
|
| Common stock, $0.001 par value, 265,000,000 shares authorized, 63,624,114 and 58,607,066 shares issued and outstanding, respectively |
63,624
|
58,607
|
| Additional paid-in capital |
54,397,094
|
41,529,283
|
| Stock Payables |
30,000
|
|
| Accumulated deficit |
(1,432,943)
|
(607,244)
|
| Total Stockholders' Equity |
53,057,775
|
40,980,646
|
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
$ 61,329,284
|
$ 46,981,857
|