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Note 14 - Fair Value Measurements

9 Months Ended

May 31, 2017

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 May 31, 2017				Level 1				Level 2				Level 3
Available for sale securities		$	3,756,680			$	3,756,680			$	—			$	—

						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

and

nine

months ended

May 

31,

2017

and

2016.

X

- References

No definition available.

+ Details

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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
-URI http://asc.fasb.org/topic&trid=2155941

+ Details

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