Note 5 - Property and Equipment, Net

9 Months Ended

May 31, 2025

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

5. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

	May 31, 2025			August 31, 2024
Land	$	1,238,180		$	1,238,180
Buildings and improvements		16,645,575			14,760,250
Assets in process		929,496			3,086,479
Machinery and equipment		7,308,898			7,276,151
		26,122,149			26,361,060
Less accumulated depreciation		(10,662,920	)		(10,095,407	)
	$	15,459,229		$	16,265,653

Depreciation expense was $231,281 and $749,666 for the three and nine months ended May 31, 2025, respectively, compared to $287,018 and $884,421 for the three and nine months ended May 31, 2024, respectively.

Assets in process includes capitalized software costs incurred until the capitalized software is placed in service. Once placed in service, these costs are reclassed to intangible assets, net in the consolidated balance sheet.