INCOME TAXES

12 Months Ended

Aug. 31, 2025

Income Tax Disclosure [Abstract]

INCOME TAXES [Text Block]

6. INCOME TAXES

The Company is subject to United States federal and state income taxes at an approximate rate of 21.0% and to Canadian federal and British Columbia provincial taxes in Canada at an approximate rate of 27.0%. The reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company's income tax expense is as follows:

		2025			2024
Tax (recovery) at U.S. statutory rates	$	(134,000	)	$	23,000
Permanent differences		5,000			13,000
Effect of higher foreign tax rates in Canada		(66,000	)		48,000
Foreign exchange and other adjustments		110,000			(11,000	)
Change in valuation allowance		85,000			(73,000	)
Provision for income taxes	$	-		$	-

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The Company has recognized a valuation allowance for those deferred tax assets for which realization is not likely to occur.

Significant components of the Company's deferred tax assets as of August 31, 2025 and 2024 are as follows:

		2025			2024
Deferred tax assets
Net operating loss carry forwards	$	585,000		$	978,000
Excess of book over tax depreciation		719,000			1,096,000
Tax credit carry forwards		540,000			615,000
Total deferred tax assets		1,844,000			2,689,000
Valuation allowance		(1,844,000	)		(2,689,000	)
Net deferred tax assets	$	-		$	-

Net income (loss) before income tax by geographic region is as follows:

		2025			2024
United States	$	461,096		$	(647,462	)
Canada		(1,098,973	)		759,220
Total	$	(637,877	)	$	111,758

If not utilized to reduce future taxable income, the Company's net operating loss carry forwards will expire as follows:

		2025 and thereafter
United States	$	2,486,715
Canada		232,522
Total	$	2,719,237

If not utilized to reduce future taxes payable, the Company's investment and other tax credit carry forwards will expire as follows:

		2032 and thereafter
United States	$	-
Canada		740,293
Total	$	2,080,758