Annual report pursuant to Section 13 and 15(d)

Fixed Assets

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Fixed Assets
12 Months Ended
Aug. 31, 2018
Notes to Financial Statements  
Note 5: Fixed Assets

Fixed assets consisted of the following at August 31, 2018 and 2017:

 

   

August 31,

2018

   

August 31,

2017

 
Equipment   $ 227,687     $ 83,885  
Furniture & fixtures     328,807       268,385  
Software development costs     2,797,383       -  
Leasehold improvements     41,360       24,386  
      3,395,237       376,656  
Accumulated depreciation & amortization     (362,912 )     (88,591 )
Fixed assets, net   $ 3,032,325     $ 288,065  

 

Depreciation and amortization for the years ended August 31, 2018 and 2017, were $274,321 and $65,369, respectively.