Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Property and Equipment

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Note 5 - Property and Equipment
9 Months Ended
May 31, 2017
Notes  
Note 5 - Property and Equipment

NOTE 5 – PROPERTY AND EQUIPMENT

 

The major classes of fixed assets consist of the following as of May 31, 2017 and August 31, 2016:

 

May 31, 2017

August 31, 2016

Machinery and equipment

$      848,684 

$    147,577 

Vehicles

          144,845 

        116,592 

Office Equipment

          100,285 

          71,507 

Leasehold improvements

            71,545 

          63,323 

      1,165,359 

        398,999 

Accumulated Depreciation

        (236,876)

      (125,402)

$      928,483 

$    273,597 

 

 

Depreciation expense was $124,393 and $58,278, for the nine months ended May 31, 2017 and 2016, respectively.