| SUMMARY OF INTANGIBLE ASSETS |
The
below table summarizes the identifiable intangible assets as of May
31, 2026 and August 31, 2025:
SUMMARY OF INTANGIBLE
ASSETS
| | |
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 | |
|