PROPERTY AND EQUIPMENT, NET

12 Months Ended

Aug. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

NOTE 4 – PROPERTY AND EQUIPMENT, NET

Property and equipment consist of office furniture, equipment and vehicles. Property and equipment are depreciated using the straight-line method over their estimated useful life of 3-20 years. Following is an analysis of property and equipment at August 31, 2023 and 2022:

	2023		2022
Furniture and office equipment	$	—	$	75,606
Vehicles		—		124,092
Computers and software		—		48,711
Field equipment		—		71,396
Total cost basis		—		319,805
Less: accumulated depreciation		—		(295,951	)
Property and equipment, net	$	—	$	23,853

Depreciation expense for the years ending August 31, 2023 and 2022 was $1,164 and $6,981, respectively.