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Note 4 - Property and Equipment, Net

3 Months Ended

Nov. 30, 2019

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

4. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

		November 30, 2019				August 31, 2019
Land		$	310,365			$	310,365
Buildings and improvements			7,918,298				7,749,980
Machinery and equipment			4,934,568				4,903,664
			13,163,231				12,964,009
Less accumulated depreciation			(5,816,754	)			(5,605,850	)
		$	7,346,477			$	7,358,159

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

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