Note 13 - Fair Value Measurements

9 Months Ended

May 31, 2019

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, and the Company estimates that market value approximates costs.

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, 2019		Level 1		Level 2		Level 3
Available for sale securities	$	2,540,613	$	2,540,613	$	—	$	—

			Fair Value Measurements Using Inputs Considered as
		Fair value as of August 31, 2018		Level 1		Level 2		Level 3
Available for sale securities	$	3,300,110	$	3,300,110	$	—	$	—

There were

no

transfers between Level

1,

Level

2,

or Level

3

during the

three

and

nine

months ended

May 

31,

2019

and

2018.