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.