Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment (Tables)

v3.21.4
Property, Plant and Equipment (Tables)
3 Months Ended
Nov. 30, 2021
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment
Oil
Extraction
Plant
Other
Property and
Equipment
Total
Cost
August 31, 2020 $ 37,627,885 $ 438,860 $ 38,066,745
Additions 5,512,715
-
5,512,715
August 31, 2021 43,140,600 438,860 43,579,460
Additions
-
-
-
November 30, 2021 $ 43,140,600 $ 438,860 $ 43,579,460
Accumulated Amortization
August 31, 2020 $ 2,148,214 $ 336,019 $ 2,484,233
Additions
-
45,810 45,810
August 31, 2021 2,148,214 381,829 2,530,043
Additions
-
11,382 11,382
November 30, 2021 $ 2,148,214 $ 393,211 $ 2,541,425
Carrying Amount
August 31, 2020 $ 35,479,671 $ 102,841 $ 35,582,512
August 31, 2021 $ 40,992,386 $ 57,031 $ 41,049,417
November 30, 2021 $ 40,992,386 $ 45,649 $ 41,038,035