Commitments Significant Contracts and Contingencies

12 Months Ended

Aug. 31, 2025

Commitments Significant Contracts and Contingencies

Commitments, Significant Contracts and Contingencies

14. Commitments, Significant Contracts and Contingencies

Right of Use Assets - Operating Lease

Our Corporate offices and R&D lab space is leased in Kelowna, British Columbia, Canada.  The current lease expires on November 15, 2028. In addition to minimum lease payments, the lease requires us to pay property taxes and operating costs which are subject to annual adjustments.

	August 31, 2025			August 31, 2024
Right of use assets - operating leases	$	134,843		$	167,446
Remeasurement related to lease extension		-			-
Amortization		(28,027	)		(32,603	)
Total lease assets	$	106,816		$	134,843
Liabilities:		137,366			163,967
Remeasurement related to lease extension		-			-
Lease payments		(37,094	)		(33,273	)
Interest accretion		9,047			6,672
Total lease liabilities	$	109,319		$	137,366
Operating lease cost	$	106,816		$	134,843
Operating cash flows for lease	$	(37,094	)	$	(33,273	)
Remaining lease term	3.21 Years			4.21 Years
Discount rate		7.25	%		7.25	%

Pursuant to the terms of the Company’s lease agreements in effect at August 31, 2025, the following table summarizes the Company’s maturities of operating lease liabilities:

Fiscal Year	Amount
2026	$	37,345
2027		38,642
2028		38,900
2029		8,105
Thereafter		-
Total lease payments		122,992
Less: imputed interest		(13,672	)
Present value of operating lease liabilities		109,320
Less: current obligations under leases		(30,417	)
Total	$	78,903