Investments in Unconsolidated Entities

6 Months Ended

Feb. 29, 2024

Investments In Unconsolidated Entities Disclosure [Abstract]

Investments in Unconsolidated Entities

4. Investments in Unconsolidated Entities

The Company’s ownership interest and carrying amounts of investments in unconsolidated entities as of February 29, 2024 and August 31, 2023 consisted of the following (in thousands, except percentages):

	February 29, 2024			August 31, 2023
	Percentage			Percentage
	Ownership	Amount		Ownership	Amount
Equity investment without readily determinable fair value	Various	$	889	Various		881
Equity method investments, net	47.62	$	97	47.62	$	93
Total investments in unconsolidated entities		$	986		$	974

There were no dividends received from unconsolidated entities through February 29, 2024.

Equity Investments without Readily Determinable Fair Value

Equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the Company) which do not have readily determinable fair values are recorded as equity investment without readily determinable fair value. All equity investments without readily determinable fair value are assessed for impairment when events or changes in circumstances indicate that the carrying amounts may not be recoverable, and measured at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuers.

Equity Method Investment

In July 2023, TSLC Corporation, the Company’s subsidiary, approved board resolution to acquire an equity interest in Yi Yang Optoelectronics Co., Ltd. The company accounts for its equity interest using the equity method as prescribed in ASC 323, Investments—Equity Method and Joint Ventures (“ASC 323”). Equity method adjustments include the Company’s proportionate share of investee’s income or loss and other adjustments required by the equity method. As of February 29, 2024, the Company owns 47.62% of the common shares of Yi Yang Optoelectronics Co., Ltd.