Note 13 - Fair Value Measurements

9 Months Ended

May 31, 2018

Notes to Financial Statements

Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block]

13.

       

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, 2018		Level 1		Level 2		Level 3
Available for sale securities	$	3,282,915	$	3,282,915	$	—	$	—

			Fair Value Measurements Using Inputs Considered as
	Fair value as of August 31, 2017		Level 1		Level 2		Level 3
Available for sale securities	$	3,766,984	$	3,766,984	$	—	$	—

There were

no

transfers between Level

1,

Level

2,

or Level

3

during the

three

and

nine

months ended

May 

31,

2018

and

2017.