Quarterly report pursuant to Section 13 or 15(d)

FINANCIAL INSTRUMENTS

v3.21.1
FINANCIAL INSTRUMENTS
6 Months Ended
Feb. 28, 2021
Derivative Instrument Detail [Abstract]  
FINANCIAL INSTRUMENTS [Text Block]

NOTE 4 – FINANCIAL INSTRUMENTS

 

Investments in debt securities that are not classified as held-to-maturity are carried at fair value and classified as either trading or available-for-sale. Realized and unrealized gains and losses on trading debt securities as well as realized gains and losses on available-for-sale debt securities are included in net income.

 

The following tables show the Company’s marketable securities by investment category as of February 28, 2021:

 

 

 

Fair Value

 

Adjusted Cost

 

Unrealized Gain (Loss)

 

 

Fair Value

 

US Government Treasury

 

Level 2

 

 

6,250

 

 

 

 

 

6,250

 

Corporate debt securities

 

Level 2

 

 

507,920

 

 

(2,140 )

 

 

505,780

 

 

 

 

 

$ 514,170

 

 

(2,140 )

 

$ 512,030

 

We classify our marketable securities as trading securities as of February 28, 2021.