Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.20.1
PROPERTY AND EQUIPMENT
6 Months Ended
Feb. 29, 2020
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

NOTE 4 - PROPERTY AND EQUIPMENT

The major classes of fixed assets consist of the following:

 

 

 

 

 

 

 

 

 

    

February 29, 

    

August 31, 

 

 

2020

 

2019

Machinery and equipment

 

$

5,352

 

$

4,430

Vehicles

 

 

540

 

 

603

Office Equipment

 

 

3,253

 

 

3,232

Leasehold improvements

 

 

1,589

 

 

3,296

Construction in progress

 

 

1,054

 

 

1,930

 

 

 

11,784

 

 

13,491

Accumulated Depreciation

 

 

(2,394)

 

 

(2,437)

 

 

$

9,390

 

$

11,054

 

Depreciation expense was $834 and $303 for the three months ended February 29, 2020 and February 28, 2019, respectively. Depreciation expense was $1,559 and $568 for the six months ended February 29, 2020 and February 28, 2019, respectively.