INTANGIBLE ASSETS

3 Months Ended

Nov. 30, 2018

Notes to Financial Statements

INTANGIBLE ASSETS

NOTE 6 – INTANGIBLE ASSETS

As of November 30, 2018, and August 31, 2018, the balance of intangible assets are as follows;

	November 30,			August 31,
	2018			2018
Patent	$	500,000		$	500,000
Intellectual property: Aura		—			200,000
Intellectual property: Kryptokiosk		72,000			72,000
Total cost		572,000			772,000
Accumulated amortization		(159,600	)		(131,000)
Intangible asset, net	$	412,400		$	641,000

Amortization expenses for three months ended November 30, 2018, and 2017, was $28,600 and $36,912, respectively.

On November 10, 2018, the Company sold the $200,000 intellectual property from Aura Blocks Limited for $80,000 with a realized loss of $120,000.