Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.10.0.1
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Aug. 31, 2018
FAIR VALUE MEASUREMENTS [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table provides information on the assets and liabilities measured at fair value on a recurring basis as of August 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
 
$
   
$
   
$
   
$
   
$
   
$
 
U.S. treasuries
   
8,718,000
     
8,644,900
     
     
8,718,000
     
     
66,400
 
Total
 
$
8,718,000
   
$
8,644,900
   
$
   
$
8,718,000
   
$
   
$
66,400
 

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
 
Subtotal
 
$
20,055,400
   
$
20,066,500
   
$
   
$
20,055,400
   
$
   
$
(11,100
)