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Note 4 - Property and Equipment, Net
 9 Months Ended
May 31, 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:

 

   

May 31, 2024

    

August 31, 2023

  

Land

   $ 776,965     $ 496,965  

Buildings and improvements

     19,492,861       17,250,392  

Machinery and equipment

     6,173,904       5,984,364  
      26,443,730       23,731,721  

Less accumulated depreciation

     (10,765,158 )     (9,666,367 )
    $ 15,678,572     $ 14,065,354  

 

Depreciation expense was $287,018 and $884,421 for the three and nine months ended May 31, 2024, respectively, compared to $277,253 and $766,091 for the three and nine months ended May 31, 2023, respectively.