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INTANGIBLE ASSETS
9 Months Ended
May 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 8 – INTANGIBLE ASSETS

 

The below table summarizes the identifiable intangible assets as of May 31, 2024, and August 31, 2023:

 

 

   May 31, 2024   August 31, 2023 
         
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 amortization   (10,047,022)   (6,928,981)
Intangible assets, net  $73,100,745   $76,218,786 

 

Amortization expenses for intangible assets for the nine months ended May 31, 2024, and 2023, were both $3,118,041.