INTANGIBLE ASSETS

3 Months Ended

Nov. 30, 2019

Notes to Financial Statements

INTANGIBLE ASSETS

As of November 30, 2019, and August 31, 2019, the balance of intangible assets are as follows;

	November 30, 2019			August 31, 2019
Patent	$	500,000		$	500,000
Intellectual property: Aura		—			—
Intellectual property: Kryptokiosk		72,000			72,000
Wechat official account		99,584			99,584
Total cost		671,584			671,584
Accumulated amortization		(294,690	)		(257,791)
Intangible asset, net	$	376,894		$	413,793

Amortization expenses for three months ended November 30, 2019 and 2018 was $36,899 and $28,600 respectively.