Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.22.1
Property and Equipment
6 Months Ended
Feb. 28, 2022
Property and Equipment  
10. Property & Equipment

10.

Property & Equipment

 

Six Months Ended February 28, 2022

 

Cost

 

 

Period

Amortization

 

 

Additions

 

 

Accumulated Amortization

 

 

Net Balance February 28, 2022

 

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Leasehold improvements

 

 

259,981

 

 

 

(27,019 )

 

 

-

 

 

 

(167,667 )

 

 

92,314

 

Computers

 

 

63,964

 

 

 

(8,075 )

 

 

-

 

 

 

(59,625 )

 

 

4,339

 

Furniture fixtures & equipment

 

 

31,126

 

 

 

(3,209 )

 

 

-

 

 

 

(19,629 )

 

 

11,497

 

Lab equipment

 

 

291,235

 

 

 

13,474 )

 

 

42,375

 

 

 

(82,949 )

 

 

250,661

 

 

 

 

646,306

 

 

 

(51,777 )

 

 

42,375

 

 

 

(329,870 )

 

 

358,811

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended February 28, 2022, amortization of $1,118 (February 28, 2021 - $6,010) was included in the cost of goods sold.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended August 31, 2021

 

Cost

 

 

Period

Amortization

 

 

Disposal

 

 

Accumulated Amortization

 

 

Net Balance

August 31, 2021

 

 

 

 

$

 

 

$

 

 

 

$

 

 

 

$

 

 

 

$

 

Leasehold improvements

 

 

259,981

 

 

 

(54,038 )

 

 

-

 

 

 

(140,648 )

 

 

119,333

 

Computers

 

 

63,964

 

 

 

(19,681 )

 

 

-

 

 

 

(51,550 )

 

 

12,414

 

Furniture fixtures & equipment

 

 

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 )

 

 

(279,093 )

 

 

368,213