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Note 5 - Patents and Trademarks, Net

6 Months Ended

Feb. 28, 2019

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

5. PATENTS AND TRADEMARKS, NET

Patents and trademarks, net, consisted of the following:

		February 28, 2019				August 31, 2018
Patents and trademarks		$	2,881,841			$	2,824,440
Less accumulated amortization			(1,797,528	)			(1,668,183	)
		$	1,084,313			$	1,156,257

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

$260,000

in each of the next

five

fiscal years.

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- References

No definition available.

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- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-URI http://asc.fasb.org/topic&trid=2144416

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