Intellectual Property net

12 Months Ended

Aug. 31, 2025

Intellectual Property net

Intellectual Property, net

7. Intellectual Property, net

A continuity schedule for capitalized patents is presented below:

	August 31,			August 31,
	2025			2024
Balance – beginning	$	516,676		$	462,625
Additions		75,106			145,591
Impairment		(247,364	)		(57,836	)
Amortization		(36,600	)		(33,704	)
Balance – ending	$	307,818		$	516,676

The Company evaluated its patent portfolio and determined that certain pending applications had been abandoned or will not be pursued. As such, during the year ended August 31, 2025, the Company recognized an impairment loss of $33,540 related to those abandoned applications.  In addition, as of August 31, 2025, the Company determined that the carrying value of its patent portfolio exceeded related discounted future cash flows. As such, we recognized an additional impairment loss of $213,824. The Company recognized $36,600 of amortization expense related to patents and licenses in the year ended August 31, 2025.

The following table summarizes expected future amortization of the Company’s patent portfolio as of August 31, 2025:

Fiscal Years Ending August 31,
2026	$	15,391
2027		15,391
2028		15,391
2029		15,391
2030		15,390
Thereafter		230,864
Total	$	307,818