Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment (Tables)

v3.21.2
Property, Plant and Equipment (Tables)
 9 Months Ended
May 31, 2021
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment
Oil
Extraction
Plant		 Other
Property and
Equipment		 Total
Cost
August 31, 2019 $ 35,555,827 $ 438,168 $ 35,993,995
Additions 2,072,058 692 2,072,750
August 31, 2020 37,627,885 438,860 38,066,745
Additions 4,894,123 - 4,894,123
May 31, 2021 $ 42,522,008 $ 438,860 $ 42,960,868
Accumulated Amortization
August 31, 2019 $ 2,148,214 $ 232,131 $ 2,380,345
Additions - 103,888 103,888
August 31, 2020 2,148,214 336,019 2,484,233
Additions - 34,428 34,428
May 31, 2021 $ 2,148,214 $ 370,447 $ 2,518,661
Carrying Amount
August 31, 2019 $ 33,407,613 $ 206,037 $ 33,613,650
August 31, 2020 $ 35,479,671 $ 102,841 $ 35,582,512
May 31, 2021 $ 40,373,794 $ 68,413 $ 40,442,207