XML 38 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investments In Available-For-Sale And Trading Securities
3 Months Ended
Nov. 30, 2011
Investments In Available-For-Sale And Trading Securities [Abstract]  
Investments In Available-For-Sale And Trading Securities

Investments in Available-for-Sale and Trading Securities

The Company has invested in various bonds. These investments are classified as available-for-sale securities, and are carried at fair value as of November 30, 2011, based on the quoted market prices as of that date. These investments are subject to default risk. The Company intends to hold these for a minimum period of an additional 12 months. Unrealized gains in the fair value are reported in accumulated other comprehensive income, net of related income tax effect. The Company monitors its investment portfolio for any decline in fair value that is other than temporary and records any such impairment as an impairment loss.

The Company also invests in initial public offerings of equity securities on the Hong Kong Stock Exchange. These investments are classified as trading securities, and are carried at fair value as of November 30, 2011. These investments are subject to fluctuations in the market price. During the quarter ended November 30, 2011 and 2010, the Company had a net loss of $165,592 and $84,579 in trading of these securities, respectively. This includes a loss of $165,592 and $206,038 due to fair valuation of trading securities held as of November 30, 2011 and 2010, based on the quoted market price as of that date, respectively.