v3.26.1
INTANGIBLE ASSETS
9 Months Ended
May 31, 2026
Intangible Asset, Goodwill and Other [Abstract]  
INTANGIBLE ASSETS

NOTE 8 – INTANGIBLE ASSETS

 

The below table summarizes the identifiable intangible assets as of May 31, 2026 and August 31, 2025:

 

   May 31, 2026   August 31, 2025 
         
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 technology-related intangible asset impairment   (27,511,542)   (27,511,542)
Adjusted carrying amount   55,636,225    55,636,225 
Less: Accumulated amortization   (15,965,723)   (14,056,447)
Intangible assets, net  $39,670,502   $41,579,778 

 

Amortization expenses for intangible assets for the nine months ended May 31, 2026, and 2025 were $1,909,276 and $2,707,257 respectively.