v3.26.1
Intellectual Property net
9 Months Ended
May 31, 2026
Intellectual Property net  
Intellectual Property, net

7. Intellectual Property, net

 

A continuity schedule for capitalized patents is presented below:

 

 

 

May 31,

 

 

August 31,

 

 

 

2026

 

 

2025

 

Balance – beginning

 

$307,818

 

 

$516,676

 

Additions

 

 

46,445

 

 

 

75,106

 

Impairment

 

 

-

 

 

 

(247,364 )

Amortization

 

 

(15,247 )

 

 

(36,600 )

Balance – ending

 

$339,016

 

 

$307,818

 

 

During the nine months ended May 31, 2026, the Company reviewed its patent portfolio to identify pending applications that had been abandoned or that management does not intend to pursue. As a result of this review, no impairment loss was recognized. The Company recognized $15,247 of amortization expense related to patents for the nine months ended May 31, 2026.

 

The following table summarizes expected future amortization of the Company’s patent portfolio as of May 31, 2026:

 

Fiscal Years Ending August 31,

 

 

 

2026 (three months remaining)

 

$4,238

 

2027

 

 

16,951

 

2028

 

 

16,951

 

2029

 

 

16,951

 

2030

 

 

16,951

 

Thereafter

 

 

266,974

 

Total

 

$339,016