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.