Marketable Securities

6 Months Ended

Feb. 29, 2020

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:

	February 29, 2020		August 31, 2019
Short-term:
D.N.A (see b below)	$	373	$	557
Entera (see c below)		367		304
Held to maturity bonds (see d below)		1,764		2,840
Mutual funds		3,200		-
	$	5,704	$	3,701
Long-term:
Held to maturity bonds (see d below)	$	250	$	1,295

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 February 29, 2020, the Company owns approximately 5.6% of D.N.A’s outstanding ordinary shares.

The cost of the securities as of February 29, 2020 and August 31, 2019 is $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 February 29, 2020, are as follows:

	February 29, 2020
	Amortized cost		Gross unrealized gains		Estimated fair value
Short-term:
Commercial bonds	$	1,748		8		1,756
Accrued interest		16		-		16
Long-term		250		-		250
	$	2,014		8		2,022

As of February 29, 2020, the contractual maturities of debt securities classified as held-to-maturity are as follows: before one year, $1,748, and the average yield to maturity rate is 3.28%; After one year through two years, $250, and the yield to maturity rates is 2.77%.

The amortized cost and estimated fair value of held-to-maturity securities as of August 31, 2019, are as follows:

	August 31, 2019
	Amortized cost		Gross unrealized gains		Estimated fair value
Short-term:
Commercial bonds	$	2,808	$	6	$	2,814
Accrued interest		32		-		32
Long-term		1,295		4		1,299
	$	4,135	$	10	$	4,145

As of August 31, 2019, the contractual maturities of debt securities classified as held-to-maturity are as follows: after one year through two years, $1,295 and the yield to maturity rates vary between 2.55% to 3.20%.

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.