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Note 5 - Patents and Trademarks, Net
 12 Months Ended
Aug. 31, 2020
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]
5.
       PATENTS AND TRADEMARKS, NET
 
Patents and trademarks, net consisted of the following:
 
    August 31, 2020   August 31, 2019
Patents and trademarks   $
2,907,852
     $
2,938,876
  
Less accumulated amortization    
(2,105,846
 )    
(1,929,907
 )
    $
802,006
     $
1,008,969
  
 
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 was
$231,624
and
$261,724
for the years ended
August 31, 2020
and
2019,
respectively. Amortization expense is estimated to be
$200,000
in each of the next
four
fiscal years.