4. PROPERTY AND EQUIPMENT, NET

		May 31, 2025
Property and Equipment		Cost		Accumulated Amortization			Net Book Value
Furniture and fixtures	$	130,060	$	(122,749	)	$	7,311
Computer hardware		339,964		(292,481	)		47,483
Computer software		2,079,552		(1,188,873	)		890,679
Total property and equipment	$	2,549,576	$	(1,604,103	)	$	945,473


		August 31, 2024
Property and Equipment		Cost		Accumulated Amortization			Net Book Value
Furniture and fixtures	$	132,444	$	(123,687	)	$	8,757
Computer hardware		325,845		(285,808	)		40,037
Computer software		1,796,786		(671,210	)		1,125,576
Total property and equipment	$	2,255,075	$	(1,080,705	)	$	1,174,370

During the three and nine months ended May 31, 2025, the Company reclassified a total of $124,500 and $310,633 in salaries and wages from software under development to computer software, respectively (May 31, 2024 - $26,670 and $77,125, respectively).

Depreciation on property and equipment for the three and nine months ended May 31, 2025 was $186,754 and $530,854, respectively (May 31, 2024 - $84,960 and $245,515, respectively).