Intellectual Property net |
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May 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Intellectual Property, net | 7. Intellectual Property, net
A continuity schedule for capitalized patents is presented below:
The Company evaluated its patent portfolio to determine whether certain pending applications had been abandoned or will not be pursued. During the nine months ended May 31, 2025, the Company recognized an impairment loss of $33,540 related to those abandoned applications. The Company recognized $27,212 of amortization expense related to patents and licenses in the nine months ended May 31, 2025.
The following table summarizes expected future amortization of the Company’s patent portfolio as of May 31, 2025:
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