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Note 14 - Fair Value Measurements

3 Months Ended

Nov. 30, 2016

Notes to Financial Statements

Fair Value, Measurement Inputs, Disclosure [Text Block]

14.

             

Fair Value Measurements

Assets and liabilities that are measured at fair value on a recurring basis primarily relate to marketable equity securities. These items are marked - to - market at each reporting period. The following tables provide information by level for assets and liabilities that are measured at fair value on a recurring basis:

						Fair Value Measurements Using Inputs Considered as
		Fair value as of November 30, 2016				Level 1				Level 2				Level 3
Available for sale securities		$	1,745,968			$	1,745,968			$	—			$	—

						Fair Value Measurements Using Inputs Considered as
		Fair value as of August 31, 2016				Level 1				Level 2				Level 3
Available for sale securities		$	2,243,864			$	2,243,864			$	—			$	—

There were no transfers between Level

1,

Level

2,

or Level

3

during the

three

months ended

November

30,

2016

and

2015.

X

- References

No definition available.

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X

- Definition

The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

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