Note 14 - Fair Value Measurements

3 Months Ended

Nov. 30, 2015

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, 2015		Level 1		Level 2		Level 3
Available for sale securities	$	528,867	$	528,867	$	-	$	-

			Fair Value Measurements Using Inputs Considered as
	Fair value as of August 31, 2015		Level 1		Level 2		Level 3
Available for sale securities	$	2,027,441	$	2,027,441	$	-	$	-

There were no transfers between Level 1, Level 2, or Level 3 during the three months ended November 30, 2015 and 2014.