4. Property, Plant and Equipment

3 Months Ended

Nov. 30, 2018

Notes

4. Property, Plant and Equipment

4.             PROPERTY, PLANT AND EQUIPMENT

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

	November 30, 2018		August 31, 2018
Office equipment	$	473,702	$	473,702
Warehouse equipment		1,311,214		1,313,714
Buildings		4,090,527		4,090,527
Land		761,924		761,924
		6,637,367		6,639,867
Accumulated depreciation		(3,582,842)		(3,534,607)
Net book value	$	3,054,525	$	3,105,260

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.