v3.25.1
PROPERTY AND EQUIPMENT
 9 Months Ended
May 31, 2024
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

6. PROPERTY AND EQUIPMENT 

 

Property and equipment consist of the following:

 

 

 

 Useful

lives

 

 May 31,

2024

 

 

August 31,

2023

 

Software and computer equipment

 

5 years

 

$655,214

 

 

$652,892

 

Furniture and fixtures and other equipment

 

3 years

 

 

2,960

 

 

 

2,960

 

Total property and equipment

 

 

 

 

658,174

 

 

 

655,852

 

Less accumulated depreciation

 

 

 

 

(627,726 )

 

 

(603,682 )

Total property and equipment, net

 

 

 

$30,448

 

 

$52,170

 

 

For the three months and nine months ended May 31, 2024, depreciation expense was $5,971 and $27,353 respectively.

 

For the three months and nine months ended May 31, 2023, depreciation expense was $8,815 and $32,560 respectively.