Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Nov. 30, 2019 | Jan. 07, 2020 | |
Cover [Abstract] | ||
Entity Registrant Name | SemiLEDs Corp | |
Entity Central Index Key | 0001333822 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Trading Symbol | LEDs | |
Security Exchange Name | NASDAQ | |
Entity File Number | 001-34992 | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 20-2735523 | |
Entity Address, Address Line One | 3F, No. 11 Ke Jung Rd | |
Entity Address, Address Line Two | Chu-Nan Site | |
Entity Address, Address Line Three | Hsinchu Science Park, Chu-Nan 350 | |
Entity Address, City or Town | Miao-Li County | |
Entity Address, Country | TW | |
City Area Code | 886 | |
Local Phone Number | 37-586788 | |
Entity Address, Postal Zip Code | 350 | |
Document Quarterly Report | true | |
Document Type | 10-Q | |
Document Period End Date | Nov. 30, 2019 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --08-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Shell Company | false | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Document Transition Report | false | |
Entity Common Stock, Shares Outstanding | 3,594,640 | |
Title of 12(b) Security | Common Stock, par value $0.0000056 | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | Q1 |
Unaudited Condensed Consolidate
Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Nov. 30, 2019 | Aug. 31, 2019 |
CURRENT ASSETS: | ||
Cash and cash equivalents | $ 688 | $ 1,363 |
Restricted cash and cash equivalents | 81 | 19 |
Accounts receivable (including related parties), net of allowance for doubtful accounts of $200 and $195 as of November 30, 2019 and August 31, 2019, respectively | 936 | 703 |
Inventories | 2,312 | 2,083 |
Prepaid expenses and other current assets | 884 | 460 |
Assets held for sale | 401 | |
Total current assets | 5,302 | 4,628 |
Property, plant and equipment, net | 5,935 | 5,878 |
Operating lease right of use assets | 307 | |
Intangible assets, net | 93 | 93 |
Investments in unconsolidated entities | 920 | 894 |
Other assets | 186 | 169 |
TOTAL ASSETS | 12,743 | 11,662 |
CURRENT LIABILITIES: | ||
Current installments of long-term debt | 410 | 398 |
Accounts payable | 649 | 680 |
Advance receipt toward the convertible note | 500 | 500 |
Accrued expenses and other current liabilities | 2,677 | 2,342 |
Operating lease liabilities, current | 148 | |
Liabilities held for sale | 790 | |
Total current liabilities | 5,174 | 3,920 |
Long-term debt, excluding current installments | 5,932 | 5,954 |
Operating lease liabilities, less current portion | 159 | |
Total liabilities | 11,265 | 9,874 |
Commitments and contingencies (Note 6) | ||
SemiLEDs stockholders’ equity | ||
Common stock, $0.0000056 par value—7,500 shares authorized; 3,595 shares and 3,594 shares issued and outstanding as of November 30, 2019 and August 31, 2019, respectively | ||
Additional paid-in capital | 175,839 | 175,804 |
Accumulated other comprehensive income | 3,729 | 3,753 |
Accumulated deficit | (178,133) | (177,816) |
Total SemiLEDs stockholders' equity | 1,435 | 1,741 |
Noncontrolling interests | 43 | 47 |
Total equity | 1,478 | 1,788 |
TOTAL LIABILITIES AND EQUITY | $ 12,743 | $ 11,662 |
Unaudited Condensed Consolida_2
Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Nov. 30, 2019 | Aug. 31, 2019 |
Statement Of Financial Position [Abstract] | ||
Allowance for doubtful accounts | $ 200 | $ 195 |
Common stock, par value (in dollars per share) | $ 0.0000056 | $ 0.0000056 |
Common stock, shares authorized | 7,500,000 | 7,500,000 |
Common stock, shares issued | 3,595,000 | 3,594,000 |
Common stock, shares outstanding | 3,595,000 | 3,594,000 |
Unaudited Condensed Consolida_3
Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
Nov. 30, 2019 | Nov. 30, 2018 | |
Income Statement [Abstract] | ||
Revenues, net | $ 1,563 | $ 972 |
Cost of revenues | 1,045 | 1,191 |
Gross profit (loss) | 518 | (219) |
Operating expenses: | ||
Research and development | 430 | 334 |
Selling, general and administrative | 726 | 757 |
Gain on disposals of long-lived assets | (79) | (288) |
Total operating expenses | 1,077 | 803 |
Loss from operations | (559) | (1,022) |
Other income (expenses): | ||
Interest expenses, net | (78) | (5) |
Other income, net | 157 | 80 |
Foreign currency transaction gain (loss), net | 158 | (36) |
Total other income, net | 237 | 39 |
Loss before income taxes | (322) | (983) |
Net loss | (322) | (983) |
Less: Net loss attributable to noncontrolling interests | (5) | (5) |
Net loss attributable to SemiLEDs stockholders | $ (317) | $ (978) |
Net loss per share attributable to SemiLEDs stockholders: | ||
Basic and diluted | $ (0.09) | $ (0.27) |
Shares used in computing net loss per share attributable to SemiLEDs stockholders: | ||
Basic and diluted | 3,595 | 3,560 |
Unaudited Condensed Consolida_4
Unaudited Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands | 3 Months Ended | |
Nov. 30, 2019 | Nov. 30, 2018 | |
Statement Of Income And Comprehensive Income [Abstract] | ||
Net loss | $ (322) | $ (983) |
Other comprehensive gain (loss), net of tax: | ||
Foreign currency translation adjustments, net of tax of $0 for both periods | (23) | 4 |
Comprehensive loss | (345) | (979) |
Comprehensive loss attributable to noncontrolling interests | (4) | (6) |
Comprehensive loss attributable to SemiLEDs stockholders | $ (341) | $ (973) |
Unaudited Condensed Consolida_5
Unaudited Condensed Consolidated Statements of Comprehensive Loss (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | |
Nov. 30, 2019 | Nov. 30, 2018 | |
Statement Of Income And Comprehensive Income [Abstract] | ||
Foreign currency translation adjustments tax | $ 0 | $ 0 |
Unaudited Condensed Consolida_6
Unaudited Condensed Consolidated Statements of Changes in Equity - USD ($) shares in Thousands, $ in Thousands | Total | Taiwan Bandaoti Zhaoming Co., Ltd. | Common Stock | Additional Paid-in Capital | Additional Paid-in CapitalTaiwan Bandaoti Zhaoming Co., Ltd. | Accumulated Other Comprehensive Income | Accumulated Deficit | Total SemiLEDs Shareholders' Equity | Total SemiLEDs Shareholders' EquityTaiwan Bandaoti Zhaoming Co., Ltd. | Non-Controlling Interests | Non-Controlling InterestsTaiwan Bandaoti Zhaoming Co., Ltd. |
BALANCE at Aug. 31, 2018 | $ 5,003 | $ 175,527 | $ 3,727 | $ (174,251) | $ 5,003 | ||||||
BALANCE (in shares) at Aug. 31, 2018 | 3,559 | ||||||||||
Issuance of common stock under equity incentive plans (in shares) | 1 | ||||||||||
Stock-based compensation | 43 | 43 | 43 | ||||||||
Common stock issued by SBDI* | $ 176 | $ 128 | $ 128 | $ 48 | |||||||
Comprehensive loss: | |||||||||||
Other comprehensive income (loss) | 4 | 5 | 5 | $ (1) | |||||||
Net loss | (983) | (978) | (978) | (5) | |||||||
BALANCE at Nov. 30, 2018 | 4,243 | 175,698 | 3,732 | (175,229) | 4,201 | 42 | |||||
BALANCE (in shares) at Nov. 30, 2018 | 3,560 | ||||||||||
BALANCE at Aug. 31, 2019 | 1,788 | 175,804 | 3,753 | (177,816) | 1,741 | 47 | |||||
BALANCE (in shares) at Aug. 31, 2019 | 3,594 | ||||||||||
Issuance of common stock under equity incentive plans (in shares) | 1 | ||||||||||
Stock-based compensation | 35 | 35 | 35 | ||||||||
Comprehensive loss: | |||||||||||
Other comprehensive income (loss) | (23) | (24) | (24) | 1 | |||||||
Net loss | (322) | (317) | (317) | (5) | |||||||
BALANCE at Nov. 30, 2019 | $ 1,478 | $ 175,839 | $ 3,729 | $ (178,133) | $ 1,435 | $ 43 | |||||
BALANCE (in shares) at Nov. 30, 2019 | 3,595 |
Unaudited Condensed Consolida_7
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Nov. 30, 2019 | Nov. 30, 2018 | Aug. 31, 2019 | Aug. 31, 2018 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
Net loss | $ (322) | $ (983) | ||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||
Depreciation and amortization | 207 | 264 | ||
Stock-based compensation expense | 35 | 43 | ||
Provisions for inventory write-downs | 119 | 172 | ||
Gain on disposals of long-lived assets | (79) | (288) | ||
Changes in : | ||||
Accounts receivable | (6) | 97 | ||
Inventories | (293) | (583) | ||
Prepaid expenses and other assets | 34 | (50) | ||
Accounts payable | (91) | (209) | ||
Accrued expenses and other current liabilities | 72 | 271 | ||
Net cash used in operating activities | (324) | (1,266) | $ (3,500) | $ (1,200) |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
Purchases of property, plant and equipment | (50) | (24) | ||
Proceeds from sales of property, plant and equipment | 79 | 511 | ||
Payments for development of intangible assets | (8) | (2) | ||
Net cash provided by investing activities | 21 | 485 | ||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
Repayments of long-term debt | (103) | (83) | ||
Net cash used in financing activities | (103) | (83) | ||
Change in cash balances included in current assets held for sale | (61) | |||
Effect of exchange rate changes on cash and cash equivalents | (143) | 17 | ||
NET DECREASE IN CASH AND CASH EQUIVALENTS | (610) | (847) | ||
CASH AND CASH EQUIVALENTS—Beginning of period | 1,471 | 3,512 | 3,512 | |
CASH AND CASH EQUIVALENTS—End of period | 861 | 2,665 | $ 1,471 | $ 3,512 |
NONCASH INVESTING AND FINANCING ACTIVITIES: | ||||
Accrual related to property, plant and equipment | $ 97 | 18 | ||
Issuance of common shares in a subsidiary to noncontrolling interests | $ 176 |
Business
Business | 3 Months Ended |
Nov. 30, 2019 | |
Organization Consolidation And Presentation Of Financial Statements [Abstract] | |
Business | Error extracting Word content |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 3 Months Ended |
Nov. 30, 2019 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Error extracting Word content |
Balance Sheet Components
Balance Sheet Components | 3 Months Ended |
Nov. 30, 2019 | |
Disclosure Text Block Supplement [Abstract] | |
Balance Sheet Components | Error extracting Word content |
Investments in Unconsolidated E
Investments in Unconsolidated Entities | 3 Months Ended |
Nov. 30, 2019 | |
Investments In Unconsolidated Entities Disclosure [Abstract] | |
Investments in Unconsolidated Entities | Error extracting Word content |
Assets and Liabilities held for
Assets and Liabilities held for sale | 3 Months Ended |
Nov. 30, 2019 | |
Assets And Liabilities Held For Sale [Abstract] | |
Assets and Liabilities held for sale | Error extracting Word content |
Commitments and Contingencies
Commitments and Contingencies | 3 Months Ended |
Nov. 30, 2019 | |
Commitments And Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Error extracting Word content |
Common Stock
Common Stock | 3 Months Ended |
Nov. 30, 2019 | |
Common Stock [Abstract] | |
Common Stock | Error extracting Word content |
Stock-based Compensation
Stock-based Compensation | 3 Months Ended |
Nov. 30, 2019 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Stock-based Compensation | Error extracting Word content |
Net Loss Per Share of Common St
Net Loss Per Share of Common Stock | 3 Months Ended |
Nov. 30, 2019 | |
Earnings Per Share [Abstract] | |
Net Loss Per Share of Common Stock | Error extracting Word content |
Income Taxes
Income Taxes | 3 Months Ended |
Nov. 30, 2019 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Error extracting Word content |
Subsequent Events
Subsequent Events | 3 Months Ended |
Nov. 30, 2019 | |
Subsequent Events [Abstract] | |
Subsequent Events | Error extracting Word content |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Nov. 30, 2019 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Error extracting Word content |
Going Concern | Error extracting Word content |
Restricted Cash Equivalents | Error extracting Word content |
Revenue Recognition | Error extracting Word content |
Principles of Consolidation | Error extracting Word content |
Use of Estimates | Error extracting Word content |
Certain Significant Risks and Uncertainties | Error extracting Word content |
Concentration of Supply Risk | Error extracting Word content |
Concentration of Credit Risk | Error extracting Word content |
Noncontrolling Interests | Error extracting Word content |
Recent Accounting Pronouncements | Error extracting Word content |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 3 Months Ended |
Nov. 30, 2019 | |
Accounting Policies [Abstract] | |
Schedule of cash and cash equivalents by location | Error extracting Word contentError extracting Word content |
Balance Sheet Components (Table
Balance Sheet Components (Tables) | 3 Months Ended |
Nov. 30, 2019 | |
Disclosure Text Block Supplement [Abstract] | |
Schedule of inventories | Error extracting Word content |
Schedule of property, plant and equipment | Error extracting Word content |
Schedule of intangible assets | Error extracting Word content |
Investments in Unconsolidated_2
Investments in Unconsolidated Entities (Tables) | 3 Months Ended |
Nov. 30, 2019 | |
Investments In Unconsolidated Entities Disclosure [Abstract] | |
Schedule of ownership interest and carrying amounts of investments in unconsolidated entities | Error extracting Word content |
Assets and Liabilities held f_2
Assets and Liabilities held for sale (Tables) | 3 Months Ended |
Nov. 30, 2019 | |
Assets And Liabilities Held For Sale [Abstract] | |
Summary of assets and liabilities held for sale | Error extracting Word content |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 3 Months Ended |
Nov. 30, 2019 | |
Commitments And Contingencies Disclosure [Abstract] | |
Schedule of balance sheet information related to leases | Error extracting Word content |
Schedule of lease expenses and related cash flows | Error extracting Word content |
Schedule of aggregate future noncancellable minimum rental payments for the operating leases | Error extracting Word content |
Stock-based Compensation (Table
Stock-based Compensation (Tables) | 3 Months Ended |
Nov. 30, 2019 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Summary of the stock-based compensation expense | Error extracting Word content |
Net Loss Per Share of Common _2
Net Loss Per Share of Common Stock (Tables) | 3 Months Ended |
Nov. 30, 2019 | |
Earnings Per Share [Abstract] | |
Schedule of stock-based compensation plan awards were excluded from the computation of diluted net loss per share of common stock | Error extracting Word content |
Income Taxes (Tables)
Income Taxes (Tables) | 3 Months Ended |
Nov. 30, 2019 | |
Income Tax Disclosure [Abstract] | |
Schedule of Income (loss) before income taxes | Error extracting Word content |
Business (Details)
Business (Details) | 3 Months Ended |
Nov. 30, 2019subsidiary | |
Business | |
Date of entity incorporation | Jan. 4, 2005 |
Number of wholly owned subsidiaries | 4 |
Taiwan SemiLEDs | Taiwan Bandaoti Zhaoming Co., Ltd. | |
Business | |
Ownership interest (as a percent) | 97.00% |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies - Basis of Presentation and Use of Estimates (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Nov. 30, 2019 | Nov. 30, 2018 | Aug. 31, 2019 | Aug. 31, 2018 | |
Accounting Policies [Abstract] | ||||
Losses from operations | $ 559 | $ 1,022 | $ 3,700 | $ 3,700 |
Net cash used in operating activities | 324 | 1,266 | 3,500 | 1,200 |
Gross profits (losses) on product sales | 518 | $ (219) | 452 | $ (435) |
Cash and cash equivalents | $ 688 | $ 1,363 |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies - Others (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Nov. 30, 2019 | Aug. 31, 2019 | |
Restricted Cash and Cash Equivalents | ||
Restricted Cash Equivalents, Current | $ 81 | $ 19 |
Restricted Cash, Noncurrent | $ 92 | $ 89 |
Revenues Recognition | ||
Minimum warranty period | 3 months | |
Maximum warranty period | 2 years |
Summary of Significant Accoun_6
Summary of Significant Accounting Policies - Concentration of Credit Risk (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Nov. 30, 2019 | Nov. 30, 2018 | Aug. 31, 2019 | |
Concentration Risk [Line Items] | |||
Cash and cash equivalents | $ 688 | $ 1,363 | |
Net revenues | Customer concentration | |||
Concentration Risk [Line Items] | |||
Concentration risk (as a percent) | 85.00% | 79.00% | |
Net revenues | Geographic concentration | |||
Concentration Risk [Line Items] | |||
Concentration risk (as a percent) | 89.00% | 82.00% | |
United States | U.S. Dollars | |||
Concentration Risk [Line Items] | |||
Cash and cash equivalents | $ 170 | 52 | |
Taiwan | U.S. Dollars | |||
Concentration Risk [Line Items] | |||
Cash and cash equivalents | 316 | 447 | |
Taiwan | New Taiwan Dollars | |||
Concentration Risk [Line Items] | |||
Cash and cash equivalents | 66 | 730 | |
Taiwan | Other currencies | |||
Concentration Risk [Line Items] | |||
Cash and cash equivalents | $ 136 | 77 | |
China (including Hong Kong) | Renminbi | |||
Concentration Risk [Line Items] | |||
Cash and cash equivalents | 49 | ||
China (including Hong Kong) | H.K. dollars | |||
Concentration Risk [Line Items] | |||
Cash and cash equivalents | $ 8 |
Summary of Significant Accoun_7
Summary of Significant Accounting Policies - Noncontrolling Interests (Details) $ in Thousands, $ in Millions | Sep. 01, 2018USD ($)shares | Sep. 01, 2018TWD ($)shares | Dec. 31, 2018shares | Nov. 30, 2018USD ($) | Nov. 30, 2019shares | Aug. 31, 2019shares | Aug. 31, 2018shares |
Minority Interest [Line Items] | |||||||
Common stock, shares issued | 3,595,000 | 3,594,000 | |||||
Taiwan Bandaoti Zhaoming Co., Ltd. | |||||||
Minority Interest [Line Items] | |||||||
Noncontrolling interest (as percentage) | 3.31% | 3.31% | 3.29% | 0.00% | |||
Taiwan Bandaoti Zhaoming Co., Ltd. | |||||||
Minority Interest [Line Items] | |||||||
Common stock, shares issued | 12,501,715 | 12,501,715 | 12,087,715 | ||||
Common stock issued during period, shares | 414,000 | 414,000 | |||||
Common stock issued during period, value | $ 176 | $ 5.4 | $ 176 | ||||
Taiwan SemiLEDs | Taiwan Bandaoti Zhaoming Co., Ltd. | |||||||
Minority Interest [Line Items] | |||||||
Common shares purchased form non-controlling interests | 3,000 |
Balance Sheet Components - Inve
Balance Sheet Components - Inventories (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Nov. 30, 2019 | Nov. 30, 2018 | Aug. 31, 2019 | |
Disclosure Text Block Supplement [Abstract] | |||
Raw materials | $ 506 | $ 479 | |
Work in process | 761 | 728 | |
Finished goods | 1,045 | 876 | |
Total | 2,312 | $ 2,083 | |
Inventory write-downs | $ 119 | $ 172 |
Balance Sheet Components - Prop
Balance Sheet Components - Property, Plant and Equipment (Details) - USD ($) $ in Thousands | Nov. 30, 2019 | Aug. 31, 2019 |
Property Plant And Equipment [Line Items] | ||
Total property, plant and equipment | $ 55,172 | $ 53,693 |
Less: Accumulated depreciation and amortization | (49,237) | (47,815) |
Property, plant and equipment, net | 5,935 | 5,878 |
Buildings and improvements | ||
Property Plant And Equipment [Line Items] | ||
Total property, plant and equipment | 13,620 | 13,238 |
Machinery and equipment | ||
Property Plant And Equipment [Line Items] | ||
Total property, plant and equipment | 38,980 | 37,988 |
Leasehold improvements | ||
Property Plant And Equipment [Line Items] | ||
Total property, plant and equipment | 160 | 156 |
Other equipment | ||
Property Plant And Equipment [Line Items] | ||
Total property, plant and equipment | 2,305 | 2,250 |
Construction in progress | ||
Property Plant And Equipment [Line Items] | ||
Total property, plant and equipment | $ 107 | $ 61 |
Balance Sheet Components - Inta
Balance Sheet Components - Intangible Assets (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Nov. 30, 2019 | Aug. 31, 2019 | |
Finite Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | $ 867 | $ 1,026 |
Accumulated Amortization | 774 | 933 |
Total | $ 93 | $ 93 |
Patents and trademarks | ||
Finite Lived Intangible Assets [Line Items] | ||
Weighted Average Amortization Period (Years) | 15 years | 15 years |
Gross Carrying Amount | $ 533 | $ 542 |
Accumulated Amortization | 440 | 449 |
Total | $ 93 | $ 93 |
Acquired technology | ||
Finite Lived Intangible Assets [Line Items] | ||
Weighted Average Amortization Period (Years) | 5 years | 5 years |
Gross Carrying Amount | $ 334 | $ 484 |
Accumulated Amortization | $ 334 | $ 484 |
Investments in Unconsolidated_3
Investments in Unconsolidated Entities (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Nov. 30, 2019 | Aug. 31, 2019 | |
Schedule Of Investments [Line Items] | ||
Equity investment without readily determinable fair value | $ 920 | $ 894 |
Total investments in unconsolidated entities | 920 | $ 894 |
Unconsolidated Entities | ||
Schedule Of Investments [Line Items] | ||
Dividend received from unconsolidated entities | $ 0 |
Assets and Liabilities held f_3
Assets and Liabilities held for sale (Details) $ in Thousands | Nov. 30, 2019USD ($) |
Assets | |
Cash and cash equivalents | $ 61 |
Accounts receivable, net | 263 |
Inventory | 4 |
Prepaid expenses and other current assets | 72 |
Other assets | 1 |
Total | 401 |
Liabilities | |
Accounts payable | 786 |
Accrued expenses and other current liabilities | 4 |
Total | $ 790 |
Commitments and Contingencies_2
Commitments and Contingencies (Details) $ in Thousands, $ in Thousands | Jan. 25, 2019USD ($) | Dec. 28, 2018USD ($) | Nov. 30, 2019USD ($) | Nov. 30, 2019TWD ($) | Nov. 30, 2018USD ($) | Aug. 31, 2019USD ($) |
Commitments and Contingencies | ||||||
Lease expense related to operating leases | $ 38 | $ 38 | ||||
Operating lease agreements, description | The Company has several operating leases with unrelated parties, primarily for land, plant and office spaces in Taiwan, which include cancellable and noncancellable leases and which expire at various dates between December 2029 and December 2029. | The Company has several operating leases with unrelated parties, primarily for land, plant and office spaces in Taiwan, which include cancellable and noncancellable leases and which expire at various dates between December 2029 and December 2029. | ||||
ASSETS | ||||||
Operating lease right of use assets | $ 307 | |||||
Liabilities | ||||||
Operating lease liabilities, current portion | 148 | |||||
Operating lease liabilities, less current portion | 159 | |||||
Total | 307 | |||||
Operating lease expenses, net | 38 | |||||
Cash Paid for amounts Included In Measurement of Liabilities: | ||||||
Operating cash flows from operating leases | $ 38 | |||||
Operating leases | 3 years 1 month 2 days | |||||
Operating leases | 1.76% | |||||
Remainder of 2020 | $ 112 | |||||
2021 | 95 | |||||
2022 | 30 | |||||
2023 | 11 | |||||
2024 | 11 | |||||
Thereafter | 60 | |||||
Total future minimum lease payments, undiscounted | 319 | |||||
Less: Imputed interest | (12) | |||||
Present value of future minimum lease payments | 307 | |||||
Purchase Obligations | ||||||
Purchase commitments for inventory, property, plant and equipment | 127,000 | 158,000 | ||||
Litigation | ||||||
Advance receipt toward the convertible note | 500 | $ 500 | ||||
Settlement agreement, date | January 25, 2019 | |||||
Value-added-tax | $ 150 | |||||
Penalty amount | $ 200 | |||||
Loss contingency paid | 3,350 | |||||
Claims From Well Thrive Ltd. | ||||||
Litigation | ||||||
Advance receipt toward the convertible note | 500 | |||||
Epistar Corporation | ||||||
Litigation | ||||||
Loss contingency, return of prepayment value | $ 3,000 | |||||
Former Employee | ||||||
Litigation | ||||||
Loss contingency, return of prepayment value | $ 9 | $ 293 | ||||
First mediation proceeding | August 16, 2019 | August 16, 2019 | ||||
Minimum | ||||||
Commitments and Contingencies | ||||||
Cancellable and noncancellable operating lease expiration | 2029-12 | 2029-12 | ||||
Maximum | ||||||
Commitments and Contingencies | ||||||
Cancellable and noncancellable operating lease expiration | 2029-12 | 2029-12 |
Common Stock (Details)
Common Stock (Details) - shares | Nov. 30, 2019 | Aug. 31, 2019 | Jun. 29, 2018 |
Class Of Stock [Line Items] | |||
Common stock, shares authorized | 7,500,000 | 7,500,000 | 7,500,000 |
Previously Reported | |||
Class Of Stock [Line Items] | |||
Common stock, shares authorized | 75,000,000 |
Stock-based Compensation (Detai
Stock-based Compensation (Details) $ / shares in Units, $ in Thousands | Jul. 31, 2019shares | Sep. 30, 2019$ / sharesshares | Apr. 30, 2014shares | Nov. 30, 2019USD ($)shares | Nov. 30, 2018USD ($)itemshares |
Stock-based Compensation | |||||
Number of share-based compensation plans | item | 1 | ||||
Additional number of shares authorized for issuance | 500,000 | 250,000 | |||
Plan expiration date | Nov. 3, 2023 | ||||
Maximum grant limit per employee per one year period | 35,000 | ||||
Shares of common stock reserved for issuance | 1,021,000 | 521,000 | |||
Common stock available for future issuance (in shares) | 684,000 | 189,000 | |||
Share-based Compensation, Forfeiture Method [Fixed List] | Estimating expected forfeitures | ||||
Estimated forfeiture rate (as a percent) | 0.00% | ||||
Stock-based compensation expense | $ | $ 35 | $ 43 | |||
Cost of revenues | |||||
Stock-based Compensation | |||||
Stock-based compensation expense | $ | 11 | 11 | |||
Research and development | |||||
Stock-based Compensation | |||||
Stock-based compensation expense | $ | 6 | 7 | |||
Selling, general and administrative | |||||
Stock-based Compensation | |||||
Stock-based compensation expense | $ | $ 18 | $ 25 | |||
Maximum | |||||
Stock-based Compensation | |||||
Vesting period | 1 year | ||||
July Thirty One Two Thousand Twenty Member | Directors | Restricted Stock Units (RSUs) | |||||
Stock-based Compensation | |||||
Stock units granted (in shares) | 5,000 | ||||
Vesting percentage | 100.00% | ||||
Grant-date fair value (in dollars per share) | $ / shares | $ 2.45 | ||||
Earlier of September 5, 2020 and the date of 2020 annual meeting | Directors | Restricted Stock Units (RSUs) | |||||
Stock-based Compensation | |||||
Stock units granted (in shares) | 2,500 | ||||
Vesting percentage | 100.00% | ||||
Grant-date fair value (in dollars per share) | $ / shares | $ 2.45 |
Net Loss Per Share of Common _3
Net Loss Per Share of Common Stock (Details) - shares shares in Thousands | 3 Months Ended | |
Nov. 30, 2019 | Nov. 30, 2018 | |
Stock units and stock options to purchase common stock | ||
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items] | ||
Antidilutive securities (in shares) | 30 | 21 |
Income Taxes (Details)
Income Taxes (Details) - USD ($) | 3 Months Ended | 12 Months Ended | ||
Nov. 30, 2019 | Nov. 30, 2018 | Aug. 31, 2017 | Aug. 31, 2019 | |
Income Taxes [Line Items] | ||||
U.S. operations | $ (197,000) | $ (150,000) | ||
Foreign operations | (125,000) | (833,000) | ||
Loss before income taxes | $ (322,000) | $ (983,000) | ||
U.S. federal corporate income tax rate | 21.00% | 34.00% | ||
One-time transition tax payable period on certain unrepatriated earnings from non-U.S. subsidiaries | 8 years | |||
Unrecognized tax benefits | $ 0 | $ 0 | ||
Earliest Tax Year | ||||
Income Taxes [Line Items] | ||||
Tax year remain open | 2014 | |||
Latest Tax Year | ||||
Income Taxes [Line Items] | ||||
Tax year remain open | 2018 |
Subsequent Events (Details)
Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Thousands | Dec. 10, 2019 | Dec. 06, 2019 | Nov. 30, 2019 | Nov. 27, 2019 |
Unsecured Convertible Promissory Notes Payable | ||||
Subsequent Event [Line Items] | ||||
Debt instrument , maturity date | May 30, 2021 | |||
Debt instrument, convertible conversion price | $ 3 | |||
Unsecured Convertible Promissory Notes Payable | Trung Doan | Subsequent Event | ||||
Subsequent Event [Line Items] | ||||
Principal amount of unsecued convertible promissory notes | $ 500 | |||
Interest Rate On Promissory Notes Payable | 3.50% | |||
Unsecured Convertible Promissory Notes Payable | J.R. Simplot Company | Subsequent Event | ||||
Subsequent Event [Line Items] | ||||
Principal amount of unsecued convertible promissory notes | $ 1,500 | |||
Interest Rate On Promissory Notes Payable | 3.50% | |||
XianChang Ma | ||||
Subsequent Event [Line Items] | ||||
Aggregate amount of stock | $ 100,000 | |||
Business acquisition , transaction costs | $ 40,000 | |||
Other current liabilities | $ 140,000 |