| Lease, Cost [Table Text Block] |
Right of use assets – operating leases are summarized below:
| |
|
August 31,
2024
|
|
|
Amount at inception of leases
|
|
$ |
4,384,520 |
|
|
Amount amortized
|
|
|
(2,686,380 |
) |
|
Prior Period Impairment of Quinn River Lease
|
|
|
(205,888 |
) |
|
Balance – August 31, 2024
|
|
$ |
1,492,252 |
|
Operating lease liabilities are summarized below:
|
Amount at inception of leases
|
|
$ |
4,461,521 |
|
|
Amount amortized
|
|
|
(2,682,200 |
) |
|
Balance – August 31, 2024
|
|
$ |
1,779,321 |
|
|
Warehouse and offices
|
|
$ |
1,569,437 |
|
|
Land
|
|
|
205,888 |
|
|
Office equipment
|
|
|
3,996 |
|
|
Balance – August 31, 2024
|
|
$ |
1,779,321 |
|
| |
|
|
|
|
|
Lease liability
|
|
$ |
1,779,321 |
|
|
Less: current portion
|
|
|
(470,850 |
) |
|
Lease liability, non-current
|
|
$ |
1,308,471 |
|
|
| Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block] |
Maturity analysis under these lease agreements is as follows:
|
Twelve months ended August 31, 2025
|
|
$ |
651,838 |
|
|
Twelve months ended August 31, 2026
|
|
|
469,903 |
|
|
Twelve months ended August 31, 2027
|
|
|
319,791 |
|
|
Twelve months ended August 31, 2028
|
|
|
332,016 |
|
|
Twelve months ended August 31, 2029
|
|
|
275,681 |
|
|
Thereafter
|
|
|
226,703 |
|
|
Total
|
|
$ |
2,275,932 |
|
|
Less: Present value discount
|
|
|
(496,611 |
) |
|
Lease liability
|
|
$ |
1,779,321 |
|
|