Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
9 Months Ended
May 31, 2019
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 7 - PROPERTY AND EQUIPMENT

 

The major classes of fixed assets consist of the following as of May 31, 2019 and August 31, 2018:

 

    May 31,     August 31,  
    2019     2018  
Machinery and equipment   $ 3,897     $ 2,938  
Vehicles     677       381  
Office Equipment     2,811       385  
Leasehold improvements     1,889       1,319  
Construction in Progress     1,392       -  
      10,666       5,023  
Accumulated Depreciation     (1,853 )     (888 )
    $ 8,813     $ 4,135  

 

Of the $677 of vehicles as of May 31, 2019, $240 consisted of capital leased assets.

 

Depreciation and amortization expense was $397 and $113, for the three months ended May 31, 2019 and 2018, respectively. Of the $397 of depreciation and amortization expense related to property and equipment for the three months ended May 31, 2019, $266 is included in selling, general and administrative expense and $131 is included in cost of goods sold in the condensed consolidated statements of operations. Of the $113 of depreciation and amortization expense for the three months ended May 31, 2018, $71 is included in selling, general and administrative expense and $42 is included in cost of goods sold in the condensed consolidated statements of operations.

 

Depreciation and amortization expense was $965 and $228, for the nine months ended May 31, 2019 and 2018, respectively. Of the $965 of depreciation and amortization expense related to property and equipment for the nine months ended May 31, 2019, $623 is included in selling, general and administrative expense and $342 is included in cost of goods sold in the condensed consolidated statements of operations. Of the $228 of depreciation and amortization expense for the nine months ended May 31, 2018, $103 is included in selling, general and administrative expense and $125 is included in cost of goods sold in the condensed consolidated statements of operations.