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INTANGIBLE ASSETS
12 Months Ended
Aug. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 8 – INTANGIBLE ASSETS

 

The below table summarizes the identifiable intangible assets as of August 31, 2025 and 2024:

 

   August 31, 2025   August 31, 2024 
         
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 technology-related intangible asset impairment   (27,511,542)   (20,580,040)
Adjusted carrying amount   55,636,225    62,567,727 
Less: Accumulated amortization   (14,056,447)   (11,086,369)
Intangible assets, net  $41,579,778   $51,481,358 

 

Amortization expenses for intangible assets for the years ended August 31, 2025 and 2024 were $2,970,078 and $4,157,388 respectively. Impairment expenses for intangible assets for the years ended August 31, 2025, and 2024 were $6,931,502 and $20,580,040 respectively.