| SUMMARY OF INTANGIBLE ASSETS |
The
below table summarizes the identifiable intangible assets as of May
31, 2025, and August 31, 2024:
SUMMARY
OF INTANGIBLE ASSETS
| | |
May
31, 2025 | | |
August
31, 2024 | |
| | |
| | |
| |
| Technology
1-Portable Air Cooler | |
$ | 27,438,763 | | |
$ | 27,438,763 | |
| Technology
2-Condensing Unit | |
| 55,709,004 | | |
| 55,709,004 | |
| Finite-
lived intangible assets, gross | |
| 83,147,767 | | |
| 83,147,767 | |
| Less:
Technology-related intangible asset impairment | |
| (20,580,040 | ) | |
| (20,580,040 | ) |
| Adjusted
carrying amount | |
| 62,567,727 | | |
| 62,567,727 | |
| Less:
Accumulated amortization | |
| (13,793,626 | ) | |
| (11,086,369 | ) |
|
The
below table summarizes the identifiable intangible assets as of August 31, 2024, and August 31, 2023:
SUMMARY OF INTANGIBLE ASSETS
| | |
August 31, 2024 | | |
August 31, 2023 | |
| | |
| | |
| |
| Technology 1-Portable Air Cooler | |
$ | 27,438,763 | | |
$ | 27,438,763 | |
| Technology 2-Condensing Unit | |
| 55,709,004 | | |
| 55,709,004 | |
| Finite- lived intangible assets, gross | |
| 83,147,767 | | |
| 83,147,767 | |
| Less: Accumulated amortization | |
| (11,086,369 | ) | |
| (6,928,981 | ) |
| Less: Technology-related intangible asset impairment | |
| (20,580,040 | ) | |
| - | |
| Intangible assets, net | |
$ | 51,481,358 | | |
$ | 76,218,786 | |
|