INTANGIBLE ASSETS

3 Months Ended

Nov. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 8 – INTANGIBLE ASSETS

The below table summarizes the identifiable intangible assets as of November 30, 2024, and August 31, 2023: 

	November 30, 2024			August 31, 2024
Technology 1- Portable Air Cooler	$	27,438,763		$	27,438,763
Technology 2- Condensing Unit		55,709,004			55,709,004
		83,147,767			83,147,767
Less: Technology-related intangible asset impairment		(20,580,040	)		(20,580,040	)
Adjusted carrying amount		62,567,727			62,567,727
Less: Accumulated amortization		(11,988,788	)		(11,086,369	)
Intangible assets, net	$	50,578,939		$	51,481,358

Amortization expenses for intangible assets for the three months ended November 30, 2024 was $902,419. Amortization expenses for intangible assets for the three months ended November 30, 2023 was $1,039,347.