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Marketable Securities
 4 Months Ended
Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]  
MARKETABLE SECURITIES

NOTE 4 - MARKETABLE SECURITIES:

 

The Company’s marketable securities include investments in equity securities of D.N.A and Entera and in held to maturity bonds.

 

  a. Composition:

 

   December 31,
2021		   August 31,
2021		 
Short-term:        
D.N.A (see b below)  $863   $701 
Entera (see c below)   337    571 
Held to maturity bonds (see d below)   6,547    4,579 
   $7,747   $5,851 
Long-term:          
Held to maturity bonds (see d below)  $3,875   $6,692 
   $11,622   $12,543 

 

  b. D.N.A

 

The D.N.A ordinary shares are traded on the Tel Aviv Stock Exchange. The fair value of those securities is measured at the quoted prices of the securities on the measurement date.

 

As of December 31, 2021, the Company owns approximately 1.7% of D.N.A’s outstanding ordinary shares.

 

The cost of the securities as of December 31, 2021 and August 31, 2021 was $595.

 

  c. Entera

 

Entera ordinary shares have been traded on The Nasdaq Capital Market since June 28, 2018. The Company measures the investment at fair value from such date, since it has a readily determinable fair value (prior to such date the investment was accounted for as a cost method investment (amounting to $1)).

 

  d. Held to maturity securities

 

The amortized cost and estimated fair value of held to maturity securities as of December 31, 2021, were as follows:

 

   December 31, 2021 
   Amortized cost   Gross unrealized gains (losses)  

 

Estimated
fair value

  

Average

yield to maturity

rate

 
Short-term:                
Commercial bonds  $6,432   $(115)  $6,317    1.37%
Accrued interest   115    
-
    115      
                     
Long-term   3,875    (29)   3,846    1.20%
   $10,422   $(144)  $10,278      

 

The amortized cost and estimated fair value of held to maturity securities as of August 31, 2021, were as follows:

 

   August 31, 2021 
   Amortized cost   Gross unrealized gains (losses)  

 

Estimated
fair value

  

Average

yield to maturity

rate

 
Short-term:                
Commercial bonds  $4,463   $(98)  $4,365    1.73%
Accrued interest   116    
-
    116      
                     
Long-term   6,692    610    7,302    1.08%
   $11,271   $512   $11,783      

 

Held to maturity securities which will mature during the 12 months from the balance sheet date are included in short-term marketable securities. Held to maturity securities with maturity dates of more than one year are considered long-term marketable securities.