SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Narrative) - USD ($) $ in Thousands |
3 Months Ended | |
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Nov. 30, 2021 |
Aug. 31, 2021 |
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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ||
Federally insured limit amount | $ 250 | |
Amount in excess of FDIC insurance amount | 13,547 | |
Marketable securities outstanding balance | 12,318 | $ 3,436 |
Professional fees | 445 | |
Accounts payable and accrued expenses | $ 22 |
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- References No definition available.
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- Definition Amount of investment in marketable security, classified as current. No definition available.
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- References No definition available.
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- Definition The amount of cash deposited in financial institutions as of the balance sheet date that is insured by the Federal Deposit Insurance Corporation. No definition available.
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- Definition The increase (decrease) during the reporting period in the aggregate amount of obligations to be paid to the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entities' management; an entity and its principal owners, management, or member of their immediate families, affiliates, or other parties with the ability to exert significant influence. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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