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FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Aug. 31, 2019

FAIR VALUE MEASUREMENTS [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table provides information on the assets and liabilities measured at fair value on a recurring basis as of August 31, 2019:

										Fair Value Measurement Using:
		Fair Value				Cost / Other Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Accumulated Unrealized Gains and (Losses)
Certificates of deposit		$	—			$	—			$	—			$	—			$	—			$	—
U.S. treasuries			4,996,000				4,992,100				—				4,996,000				—				3,900
Total		$	4,996,000			$	4,992,100			$	—			$	4,996,000			$	—			$	3,900

The following table provides information on the assets and liabilities measured at fair value on a recurring basis as of August 31, 2018:

										Fair Value Measurement Using:
		Fair Value				Cost / Other Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Accumulated Unrealized Gains and (Losses)
Certificates of deposit		$	—			$	—			$	—			$	—			$	—			$	—
U.S. treasuries			8,718,000				8,644,900				—				8,718,000				—				66,400
Subtotal		$	8,718,000			$	8,644,900			$	—			$	8,718,000			$	—			$	66,400

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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X

- References

No definition available.

+ Details

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