Annual report pursuant to Section 13 and 15(d)

Marketable Securities

v3.23.3
Marketable Securities
12 Months Ended
Aug. 31, 2023
Marketable Securities  
Marketable Securities

5. Marketable Securities

 

The components of Marketable Securities were as follows:

 

 

 

Cost Basis

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

August 31, 2021

 

$ 1,037,025

 

 

$ 16,243

 

 

$ (219,427 )

 

$ 833,841

 

Common stock

 

 

278,107

 

 

 

118,196

 

 

 

(882,809 )

 

 

(486,506 )

August 31, 2022

 

$ 1,315,132

 

 

$ 134,439

 

 

$ (1,102,236 )

 

$ 347,335

 

Common stock

 

 

-

 

 

 

1,856

 

 

 

(223,549 )

 

 

(221,693 )

August 31, 2023

 

$ 1,315,132

 

 

$ 136,295

 

 

$ (1,325,785 )

 

$ 125,642

 

 

Marketable securities represented the common shares of Hill Inc. held by Lexaria. which are carried at fair value using Level 1 inputs. Unrealized losses from common stock are due to market price movements. In management’s opinion based on the evaluation of available information at the year ended August 31, 2023, unrealized losses represent temporary impairments.