Commitments Significant Contracts and Contingencies
|9 Months Ended|
May 31, 2022
|Commitments Significant Contracts and Contingencies|
|Commitments, Significant Contracts and Contingencies||
16. Commitments, Significant Contracts and Contingencies
Right of Use Assets – Operating Lease
The Corporate office and R&D laboratory located in Kelowna, British Columbia, Canada is leased until November 15, 2023, with a five-year renewal option. In addition to minimum lease payments, the lease requires us to pay, subject to annual adjustments, property taxes and operating costs.
Pursuant to the terms of the Company’s lease agreements in effect, the following table summarizes the Company’s maturities of operating lease liabilities as of May 31, 2022:
The entire disclosure for commitments and contingencies.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef