PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Aug. 31, 2024

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, 2024 and 2023 is as follows:

	2024			2023
Office equipment	$	668,260		$	668,260
Warehouse equipment		1,285,278			1,556,424
Buildings		5,211,588			6,209,162
Land		158,500			559,065
		7,323,626			8,992,911
Accumulated depreciation		(3,473,826	)		(4,337,484	)
Net book value	$	3,849,800		$	4,655,427

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.

In connection with the wind-up of the Company’s JCSC operations, in July 2024 the Company listed for sale its 11.6 acre property that formerly housed operations. The carrying value of this property of $566,022 is recorded as an asset held for sale as of August 31, 2024 ($nil – August 31, 2023).