Quarterly report pursuant to Section 13 or 15(d)

Property Equipment, net

v3.23.2
Property Equipment, net
 9 Months Ended
May 31, 2023
Property Equipment, net  
Property & Equipment, net

8. Property & Equipment, net

 

Property and equipment consist of:

 

May 31, 2023

 

Cost

 

 

Period Amortization

 

 

Additions

 

 

Accumulated Amortization

 

 

Net Balance

 

Leasehold improvements

 

 $ 259,981

 

 

 $ (40,528 )

 

 $ -

 

 

 $ (235,213 )

 

 $ 24,768

 

Computers

 

 

 70,781

 

 

 

 (3,549 )

 

 

 -

 

 

 

 (64,973 )

 

 $ 5,808

 

Furniture fixtures equipment

 

 

 31,126

 

 

 

 (4,813 )

 

 

 -

 

 

 

 (27,652 )

 

 $ 3,474

 

Lab equipment

 

 

 333,675

 

 

 

 (23,461 )

 

 

 33,748

 

 

 

 (124,575 )

 

 $ 242,848

 

 

 

 $ 695,563

 

 

 $ (72,351 )

 

 $ 33,748

 

 

 $ (452,413 )

 

 $ 276,898

 

 

August 31, 2022

 

Cost

 

 

Period Amortization

 

 

Additions

 

 

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 equipment

 

 

 31,126

 

 

 

 (6,417 )

 

 

 -

 

 

 

 (22,837 )

 

 

 8,289

 

Lab equipment

 

 

 291,235

 

 

 

 (31,572 )

 

 

 42,375

 

 

 

 (101,047 )

 

 

 232,563

 

 

 

 $ 646,306

 

 

 $ (101,900 )

 

 $ 49,192

 

 

 $ (379,993 )

 

 $ 315,505

 

 

During the nine-month period ended May 31, 2023, amortization of $4,647 was included in cost of goods sold.