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5. Intangible Assets

12 Months Ended

Aug. 31, 2018

Notes

5. Intangible Assets

5.             INTANGIBLE ASSETS

A summary of intangible assets as of August 31, 2018 and 2017 follows:

	2018			2017
Patent	$	-		$	850,000
Other		43,655			43,655
					893,655
Accumulated amortization		(40,065)			(815,818)
Net book value	$	3,590		$	77,837

During the current fiscal year, the Company conducted a periodic review of the Company’s patents and determined that two of the patents had expired. The Company immediately amortized the remaining book value of the patents and derecognized the respective costs and accumulated amortization values.

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- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-URI http://asc.fasb.org/topic&trid=2144416

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