PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Aug. 31, 2022

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

4. PROPERTY, PLANT AND EQUIPMENT

A summary of property, plant, and equipment as of August 31, 2022 and 2021 is as follows:

	2022			2021
Office equipment	$	636,501		$	551,569
Warehouse equipment		1,504,867			1,385,330
Buildings		6,168,080			5,112,129
Land		559,065			559,065
Property, Plant and Equipment, Gross		8,868,513			7,608,093
Accumulated depreciation		(4,040,093	)		(3,721,550	)
Net book value	$	4,828,420		$	3,886,543

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.