Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities

v3.20.4
Marketable Securities
3 Months Ended
Nov. 30, 2020
Marketable Securities [Abstract]  
Marketable Securities

20.        Marketable Securities

 

The components of Marketable Securities were as follows:

 

 

 

Cost Basis 

$

 

 

Unrealized

 Gains $

 

 

Unrealized

Losses $

 

 

Total

$

 

August 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Common stock

 

 

56,250

 

 

 

9,997

 

 

 

(38,584 )

 

 

   

Total

 

 

56,250

 

 

 

9,997

 

 

 

(46,926 )

 

 

19,321

 

November 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock

 

 

56,250

 

 

 

24,410

 

 

 

 

 

 

   

Total

 

 

56,250

 

 

 

34,407

 

 

 

(46,926

)

 

 

43,731  

 

Unrealized losses from common stock are due to market price movements. Management does not believe any remaining unrealized losses represent other-than-temporary impairments based on our evaluation of available evidence. The COVID-19 pandemic has caused significant market turbulence and it is possible that our evaluation will change dependant upon new information as it arises.