Annual report pursuant to Section 13 and 15(d)

Property Equipment

v3.22.2.2
Property Equipment
12 Months Ended
Aug. 31, 2022
Property Equipment  
Property & Equipment

10. Property & Equipment

 

Year Ended Aug. 31, 2022

 

Cost

 

 

Amortization

 

 

Additions

 

 

Disposals

 

 

Accumulated

Amortization

 

 

Net Balance

 

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Leasehold improvements

 

 

259,981

 

 

 

(54,037 )

 

 

-

 

 

 

-

 

 

 

(194,685 )

 

 

65,296

 

Computers

 

 

63,964

 

 

 

(9,874 )

 

 

6,817

 

 

 

-

 

 

 

(61,424 )

 

 

9,357

 

Furniture & fixtures

 

 

31,126

 

 

 

(6,417 )

 

 

-

 

 

 

-

 

 

 

(22,837 )

 

 

8,288

 

Lab equipment

 

 

291,235

 

 

 

(31,572 )

 

 

42,375

 

 

 

-

 

 

 

(101,047 )

 

 

232,564

 

 

 

 

646,306

 

 

 

(101,900 )

 

 

49,192

 

 

 

-

 

 

 

(379,993 )

 

 

315,505

 

 

Year Ended Aug. 31, 2021

 

Cost

 

 

Amortization

 

 

Additions

 

 

Disposals

 

 

Accumulated

Amortization

 

 

Net Balance

 

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Leasehold improvements

 

 

259,981

 

 

 

(54,038 )

 

 

-

 

 

 

-

 

 

 

(140,648 )

 

 

119,333

 

Computers

 

 

63,964

 

 

 

(19,681 )

 

 

-

 

 

 

-

 

 

 

(51,550 )

 

 

12,414

 

Furniture & fixtures

 

 

34,220

 

 

 

(6,417 )

 

 

-

 

 

 

(3,094 )

 

 

(16,420 )

 

 

14,706

 

Lab equipment

 

 

291,235

 

 

 

(35,008 )

 

 

-

 

 

 

-

 

 

 

(69,475 )

 

 

221,760

 

 

 

 

649,400

 

 

 

(115,144 )

 

 

-

 

 

 

(3,094 )

 

 

(278,093 )

 

 

368,213

 

 

During the year ended August 31, 2022, amortization of $3,655 (2021 - $10,926) was included in the cost of goods sold.