v3.25.1
FINANCE RIGHT-OF-USE ASSETS AND LEASE LIABILITIES (Tables)
9 Months Ended
May 31, 2024
FINANCE RIGHT-OF-USE ASSETS AND LEASE LIABILITIES  
Schedule Of Financial Right of Use of Asset

 

 

 May 31,

2024

 

 

August 31,

2023

 

Finance Lease

 

$94,237

 

 

$94,237

 

Less accumulated amortization

 

 

(48,906 )

 

 

(36,432 )

Finance lease, net

 

$45,331

 

 

$57,805

 

Schedule of Finance lease liabilities

 

 

 May 31,

2024

 

 

 August 31,

2023

 

Finance lease liability

 

$41,192

 

 

$55,960

 

Less:  current portion

 

 

(8,642 )

 

 

(18,487 )

Long term portion

 

$32,550

 

 

$37,473

 

Schedule of Maturity of lease liabilities

 

 

 May 31,

2024

 

Year ending August 31, 2024

 

 

16,418

 

Year ending August 31, 2025

 

 

21,340

 

Year ending August 31, 2026

 

 

19,562

 

Total future minimum lease payments

 

 

57,320

 

Less imputed interest

 

 

(16,128 )

PV of payments

 

$41,192