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Segment Reporting
12 Months Ended
Aug. 31, 2023
Segment Reporting [Abstract]  
Segment Reporting

Note 18 – Segment Reporting

 

ASC Topic 280, Segment Reporting, requires use of the “management approach” model for segment reporting. The management approach model is based on the way a company’s management organizes segments within the Company for making operating decisions and assessing performance. The Company has two reportable segments: healthcare services and product sales.

 

The following tables summarize the Company’s segment information for the years ended August 31, 2023 and 2022:

  

   2023   2022 
   Years Ended August 31, 
   2023   2022 
         
Sales          
Healthcare services  $8,226,674   $8,397,857 
Product Sales   4,335,645    3,336,899 
Corporate   9,700    3,181 
Sales  $

12,572,019

   $11,737,937 
           
Gross profit          
Healthcare services  $2,998,315   $3,448,233 
Product Sales   

1,944,701

    1,347,825 
Corporate   9,699    3,180 
Gross profit  $

4,952,715

   $4,799,238 
           
Loss from operations          
Healthcare services  $(413,670)  $(1,506,135)
Product Sales   (2,958,225)   (4,940,559)
Corporate   (5,181,267)   (18,579,983)
Income (loss) from operations  $(8,553,162)  $(25,026,677)
           
Depreciation and amortization          
Healthcare services  $132,539   $141,529 
Product Sales   1,052,406    1,337,324 
Corporate   1,117,809    1,540,400 
Depreciation and amortization  $2,302,754   $3,019,253 
           
Capital expenditures          
Healthcare services  $-   $- 
Product Sales   49,224    3,600 
Corporate   -    - 
Capital expenditures  $49,224   $3,600 
           
Interest expenses          
Healthcare services  $92,327   $76,255 
Product Sales   55,441    962,480 
Corporate   212,803    555,540 
Interest expenses  $360,571   $1,594,275 
           
Net loss          
Healthcare services  $(496,970)  $(1,408,891)
Product Sales   (3,193,859)   (7,305,571)
Corporate   (9,578,615)   (24,330,716)
Net loss  $(13,269,444)  $(33,045,178)
           
Total assets          
Healthcare services  $5,158,851   $5,917,403 
Product Sales   17,993,652    19,595,269 
Corporate   12,410,544    15,360,168 
   $35,563,047   $40,872,840 
           
Accounts receivable          
Healthcare services  $697,440   $585,492 
Product Sales   765,388    419,417 
Corporate   4,200    12,496 
   $1,467,028   $1,017,405 
           
Intangible assets          
Healthcare services  $120,163   $159,453 
Product Sales   3,818,313    5,283,333 
Corporate   12,280,063    13,397,832 
   $16,218,539   $18,840,619 
           
Goodwill          
Healthcare services  $520,821   $537,537 
Product Sales   7,061,662    7,288,307 
Corporate   -    - 
   $7,582,483   $7,825,844