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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.