| Assets and Liabilities Measured at Fair Value on a Recurring Basis |
The following table provides information on the assets and liabilities measured at fair value on a recurring basis as of May 31, 2018:
| |
|
|
|
|
|
|
|
Fair Value Measurement Using: |
|
|
|
|
| |
|
Fair Value
|
|
|
Cost / Other
Value
|
|
|
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
|
|
|
Significant
Other
Observable
Inputs
(Level 2)
|
|
|
Significant
Unobservable
Inputs
(Level 3)
|
|
|
Accumulated
Unrealized
Gains and
(Losses)
|
|
Certificates of deposit |
|
$ |
1,248,781 |
|
|
$ |
1,250,000 |
|
|
$ |
- |
|
|
$ |
1,248,781 |
|
|
$ |
- |
|
|
$ |
(1,219 |
) |
U.S. treasuries |
|
|
15,757,133 |
|
|
|
15,695,690 |
|
|
|
- |
|
|
|
15,757,133 |
|
|
|
- |
|
|
|
61,443 |
|
Total |
|
$ |
17,005,914 |
|
|
$ |
16,945,690 |
|
|
$ |
- |
|
|
$ |
17,005,914 |
|
|
$ |
- |
|
|
$ |
60,224 |
|
The following table provides information on the assets and liabilities measured at fair value on a recurring basis as of August 31, 2017:
| |
|
|
|
|
|
|
|
Fair Value Measurement Using: |
|
|
|
|
| |
|
Fair Value
|
|
|
Cost / Other
Value
|
|
|
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
|
|
|
Significant
Other
Observable
Inputs
(Level 2)
|
|
|
Significant
Unobservable
Inputs
(Level 3)
|
|
|
Accumulated
Unrealized
Gains and
(Losses)
|
|
Certificates of deposit |
|
$ |
12,673,700 |
|
|
$ |
12,694,500 |
|
|
$ |
- |
|
|
$ |
12,673,700 |
|
|
$ |
- |
|
|
$ |
(20,800 |
) |
U.S. treasuries |
|
|
7,381,700 |
|
|
|
7,372,000 |
|
|
|
- |
|
|
|
7,381,700 |
|
|
|
- |
|
|
|
9,700 |
|
Total |
|
$ |
20,055,400 |
|
|
$ |
20,066,500 |
|
|
$ |
- |
|
|
$ |
20,055,400 |
|
|
$ |
- |
|
|
$ |
(11,100 |
) |
|