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BANK INDEBTEDNESS	6 Months Ended
	Feb. 28, 2022
Debt Disclosure [Abstract]
BANK INDEBTEDNESS	7. BANK INDEBTEDNESS Bank indebtedness under the Company’s $10,000,000 line of credit as of February 28, 2022 was $9,500,000 (August 31, 2021 - $3,000,000). The Line of Credit was increased during the current six month period from $5,000,000 to $10,000,000. Bank indebtedness, when it exists, is secured by an assignment of accounts receivable and inventory. Interest was calculated solely on the one-month LIBOR rate plus 175 basis points. As of February 28, 2022, the interest rate was 1.83%

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- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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