Marketable Securities

9 Months Ended

May 31, 2017

Marketable Securities [Abstract]

MARKETABLE SECURITIES

NOTE 4 - MARKETABLE SECURITIES:

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

a. Composition:

	May 31, 2017		August 31, 2016
Short-term:
D.N.A (see b below)	$	1,092	$	701
Held to maturity bonds (see c below)		1,980		2,154
	$	3,072	$	2,855
Long-term:
Held to maturity bonds (see c below)	$	1,409	$	530

b. D.N.A

The investment in D.N.A is reported at fair value, with unrealized gains and losses, recorded as a separate component of other comprehensive income in equity until realized. Unrealized losses that are considered to be other-than-temporary are charged to statement of operations as an impairment charge and are included in the consolidated statement of operations under impairment of available-for-sale securities.

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

As of May 31, 2017, the Company owns approximately 8.7% of D.N.A’s outstanding ordinary shares.

The cost of the securities as of each of May 31, 2017 and August 31, 2016 is $595.

c. Held to maturity securities

The amortized cost and estimated fair value of held-to-maturity securities at May 31, 2017, are as follows:

	May 31, 2017
	Amortized cost		Gross unrealized losses			Estimated fair value
Short-term:
Commercial bonds	$	1,951	$	(1	)	$	1,950
Accrued interest		29		-			29
Long-term		1,409		-			1,409
	$	3,389	$	(1	)	$	3,388

As of May 31, 2017, the contractual maturities of debt securities classified as held-to-maturity are as follows: after one year through two years, $1,409, and the yield to maturity rates vary between 1.40% to 2.05%.

The amortized cost and estimated fair value of held-to-maturity securities at August 31, 2016, are as follows:

	August 31, 2016
	Amortized cost		Gross unrealized gains		Estimated fair value
Short-term:
Commercial bonds	$	2,118	$	-	$	2,118
Accrued interest		36		-		36
Long-term		530		1		531
	$	2,684	$	1	$	2,685

As of August 31, 2016, the contractual maturities of debt securities classified as held-to-maturity are as follows: after one year through two years, $530 and the yield to maturity rates vary between 0.96% to 1.8%.