Note 5 - Property and Equipment, Net |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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May 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes to Financial Statements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant, and Equipment [Text Block] |
Property and equipment, net consisted of the following:
Depreciation expense was $281,603 and $780,411 for the three and nine months ended May 31, 2026, respectively, compared to $231,281 and $749,666 for the three and nine months ended May 31, 2025, respectively.
During the third quarter of fiscal 2026, the Company reclassified $869,407 of net book value associated with its Beachwood, Ohio facility from property and equipment, net to assets held for sale. Amounts reclassified consisted of $1,376,803 of buildings and improvements and $507,396 of related accumulated depreciation. Depreciation ceased upon classification of such property and equipment to assets held for sale. See Note 17 for additional information.
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