Note 5 - Patents and Trademarks, Net

6 Months Ended

Feb. 29, 2016

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

5. PATENTS AND TRADEMARKS, NET

Patents and trademarks, net consisted of the following:

	February 29, 2016			August 31, 2015
Patents and trademarks	$	2,468,080		$	2,440,022
Less accumulated amortization		(1,237,320	)		(1,177,803	)
	$	1,230,760		$	1,262,219

Patent and trademark costs are amortized over seven years. Costs incurred related to patents and trademarks are capitalized until filed and approved, at which time the amounts capitalized to date are amortized and any further costs, including maintenance costs, are expensed as incurred. Amortization expense is estimated to approximate $100,000 in each of the next five fiscal years.