PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Feb. 28, 2023

Inventory Disclosure [Abstract]

PROPERTY, PLANT AND EQUIPMENT

3. INVENTORY

A summary of inventory is as follows:

	February 28, 2023		August 31, 2022
Wood products and metal products	$	22,355,455	$	20,130,063
Agricultural seed products		724,192		502,250
Inventory Net	$	23,079,647	$	20,632,313

4. PROPERTY, PLANT AND EQUIPMENT

A summary of property, plant, and equipment is as follows:

	February 28, 2023			August 31, 2022
Office equipment	$	648,978		$	636,501
Warehouse equipment		1,714,239			1,504,867
Buildings		6,172,975			6,168,080
Land		559,065			559,065
Property, Plant and Equipment, Gross		9,095,257			8,868,513
Accumulated depreciation		(4,164,235	)		(4,040,093	)
Net book value	$	4,931,022		$	4,828,420

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.