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Intellectual Property | 3 Months Ended
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Nov. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Intellectual Property |
9. | Intellectual Property
| The following is a list of US capitalized patents held by the Company
Issued Patent # | Patent Issuance Date | Patent Family
US 9,474,725 B1 | 10/25/2016 | Food and Beverage Compositions Infused With Lipophilic Active Agents and Methods of Use Thereof
US 9,839,612 B2 | 12/12/2017
US 9,972,680 B2 | 05/15/2018
US 9,974,739 B2 | 05/22/2018
US 10,084,044 B2 | 09/25/2018
US 10,103,225 B2 | 10/16/2018
US 10,381,440 | 08/13/2019
US 10,374,036 | 08/06/2019
US 10,756,180 | 08/25/2020
| The Company also holds non-capitalized patents outside the US. A continuity schedule for capitalized patents is presented below:
|  | November 30 |  |  | August 31 |
|  | 2020 |  |  | 2020 |
|  | $ |  |  | $ |
Balance - beginning |  |  | 292,000 |  |  |  | 265,127 |
Addition |  |  | 5,775 |  |  |  | 33,645 |
Amortization* |  |  | (1,717 | ) |  |  | (6,772 | )
Balance - ending |  |  | 296,058 |  |  |  | 292,000 |
*The patents are amortized over their legal life of 20 years. |  |  |  |  |  |  |  |

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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 + Details
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