v3.22.2.2
PROPERTY AND EQUIPMENT
 12 Months Ended
Aug. 31, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

 

The following table sets forth the components of the Company’s property and equipment at August 31, 2022 and August 31, 2021: 

                              
   August 31, 2022   August 31, 2021 
   Cost   Accumulated
Depreciation		   Net Book
Value		   Cost   Accumulated
Depreciation		   Net Book
Value		 
Equipment  $25,000   $(3,125)  $21,875   $–   $–   $– 
Equipment not yet in service   6,509,602    –    6,509,602    427,296    –    427,296 
Total fixed assets  $6,534,602   $(3,125)  $6,531,477   $427,296   $–   $427,296 

 

For the year ended August 31, 2022 and 2021, the Company recorded $3,125 and $-0-, respectively in depreciation expense.