Annual report pursuant to Section 13 and 15(d)

Property and Equipment, net

v3.23.3
Property and Equipment, net
 12 Months Ended
Aug. 31, 2023
Property and Equipment, net  
Property & Equipment, net

10. Property & Equipment, net

 

Property and equipment, net consists of:

 

August 31, 2023

 

Cost

 

 

Period Amortization

 

 

Additions

 

 

Accumulated Amortization

 

 

Net Balance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Leasehold improvements

 

 $ 259,981

 

 

 $ (54,037 )

 

 $ -

 

 

 $ (248,723 )

 

 $ 11,258

 

Computers

 

 

 70,781

 

 

 

 (4,732 )

 

 

 -

 

 

 

 (66,156 )

 

 $ 4,625

 

Furniture fixtures equipment

 

 

 31,126

 

 

 

 (6,417 )

 

 

 -

 

 

 

 (29,257 )

 

 $ 1,869

 

Lab equipment

 

 

 333,675

 

 

 

 (29,986 )

 

 

 33,748

 

 

 

 (131,032 )

 

 $ 236,391

 

 

 

 $ 695,563

 

 

 $ (95,172 )

 

 $ 33,748

 

 

 $ (475,168 )

 

 $ 254,143

 

 

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 year ended August 31, 2023, amortization of $4,651 (2022 - $3,655) was included in cost of goods sold.