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INTANGIBLE ASSETS
 3 Months Ended
Nov. 30, 2023
Inventory Disclosure [Abstract]  
INTANGIBLE ASSETS

3.INVENTORY

A summary of inventory is as follows:

          
  

November 30,

2023

  

August 30,

2023

 
         
Pet, fencing, and other products  $16,878,064   $17,741,254 
Industrial wood products   635,353    584,989 
Agricultural seed products   —    12,805 
           
Inventory net   $17,513,417   $18,339,048 

 

4.PROPERTY, PLANT AND EQUIPMENT

 

A summary of property, plant, and equipment is as follows:

          
  

November 30,

2023

  

August 31

2023

 
         
Office equipment  $668,260   $668,260 
Warehouse equipment   1,390,774    1,556,424 
Buildings   6,209,162    6,209,162 
Land   559,065    559,065 
Property plant and equipment gross   8,827,261    8,992,911 
           
Accumulated depreciation   (4,281,574)   (4,337,484)
           
Net book value  $4,545,687   $4,655,427 

 

In the event that facts and circumstances indicate that the carrying amount of an asset may not be recoverable and an estimate of future discounted cash flows is less than the carrying amount of the asset, an impairment loss will be recognized. Management's estimates of revenues, operating expenses, and operating capital are subject to certain risks and uncertainties which may affect the recoverability of the Company's investments in its assets. Although management has made its best estimate of these factors based on current conditions, it is possible that changes could occur which could adversely affect management's estimate of the net cash flow expected to be generated from its operations.

5.INTANGIBLE ASSETS

A summary of intangible assets is as follows:

          
  

November 30,

2023

  

August 31,

2023

 
         
Intangible assets   131,405    153,195 
           
Accumulated amortization   (18,558)   (18,350)
           
Net book value  $112,847   $134,845