Note 5 - Property and Equipment, Net

12 Months Ended

Aug. 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:

	August 31, 2025			August 31, 2024
Land	$	1,260,312		$	1,238,180
Buildings and improvements		14,650,361			14,760,250
Construction in process		817,946			3,086,479
Machinery and equipment		9,154,728			7,276,151
		25,883,347			26,361,060
Less accumulated depreciation		(10,699,429	)		(10,095,407	)
	$	15,183,918		$	16,265,653

Depreciation expense was $979,981 for fiscal 2025 compared to $1,156,364 in fiscal 2024. 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.