Fair Value of Financial Instruments (Tables)

12 Months Ended

Aug. 31, 2021

Fair Value of Financial Instruments

Schedule of Fair Value, Assets Measured on Recurring and Nonrecurring Basis

The following table sets forth by level, within the fair value hierarchy, certain assets at estimated fair value as of August 31, 2021 and 2020:

	Quoted Prices in		Significant Other		Significant
	Active Markets for		Observable		Unobservable
	Identical Assets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
August 31, 2021
Marketable securities	$	3,741,000		—		—	$	3,741,000
Liability for short sales of trading securities		—		—		—		—
August 31, 2020
Marketable securities	$	1,368,000		—		—	$	1,368,000
Liability for short sales of trading securities		(2,916,000)		—		—		(2,916,000)