Condensed Consolidated Balance Sheets - USD ($)
|
May 31, 2018 |
Aug. 31, 2017 |
| Current assets: |
|
|
| Cash |
$ 3,574,430
|
$ 916,984
|
| Accounts receivable, net of allowance |
6,285,310
|
1,695,303
|
| Prepaid expenses and other current assets |
6,736,528
|
1,625,689
|
| Inventory |
10,059,200
|
3,754,171
|
| Total current assets |
26,655,468
|
7,992,147
|
| Goodwill |
51,281,279
|
34,247,344
|
| Intangible assets, net |
3,175,583
|
3,730,287
|
| Deposits |
621,723
|
50,235
|
| Deferred tax asset |
30,081
|
30,081
|
| Property and equipment, net |
2,778,796
|
931,763
|
| Total Assets |
84,542,930
|
46,981,857
|
| Current liabilities: |
|
|
| Accounts payable |
3,675,579
|
1,039,889
|
| Accrued expenses and other current liabilities |
2,494,794
|
993,186
|
| Contingent cash consideration |
2,150,000
|
1,820,000
|
| Notes payable - current portion |
145,413
|
689,450
|
| Line of credit - current portion |
2,433,907
|
|
| Total current liabilities |
10,899,693
|
4,542,525
|
| Long-term liabilities: |
|
|
| Deferred tax liability |
1,151,536
|
1,424,173
|
| Notes payable |
185,772
|
34,513
|
| Total long-term liabilities |
1,337,308
|
1,458,686
|
| Total liabilities |
12,237,001
|
6,001,211
|
| Commitments and contingencies |
|
|
| Stockholders' equity |
|
|
| Preferred stock, $0.001 par value, 10,0000,000 shares authorized, no shares issued and outstanding |
|
|
| Common stock, $0.001 par value, 265,000,000 shares authorized, 66,389,529 and 58,607,066 shares issued and outstanding, respectively |
66,389
|
58,607
|
| Additional paid-in capital |
75,838,222
|
41,529,283
|
| Accumulated deficit |
(3,598,682)
|
(607,244)
|
| Total stockholders' equity |
72,305,929
|
40,980,646
|
| Total liabilities and stockholders' equity |
$ 84,542,930
|
$ 46,981,857
|