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Note 4 - Property and Equipment, Net
 3 Months Ended
Feb. 29, 2024
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

4.         PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consisted of the following:

 

   

February 29, 2024

    

August 31, 2023

  

Land

   $ 496,965     $ 496,965  

Buildings and improvements

     18,752,517       17,250,392  

Machinery and equipment

     6,057,366       5,984,364  
      25,306,848       23,731,721  

Less accumulated depreciation

     (10,343,662 )     (9,666,367 )
    $ 14,963,186     $ 14,065,354  

 

Depreciation expense was $290,393 and $597,403 for the three and six months ended February 29, 2024, respectively, compared to $225,962 and $488,838 for the three and six months ended February 28, 2023, respectively.