11. Intellectual Property |
11. |
Intellectual Property |
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The following is a list of US capitalized patents held by the Company: |
Issued Patent # |
Patent Certificate Grant 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 |
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As at May 31, 2021 the Company held ten non-capitalized patents outside the US. See Note 23. |
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A continuity schedule for capitalized patents is presented below: |
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May 31 |
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August 31 |
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2021 |
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2020 |
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$ |
|
|
|
$ |
|
Balance - beginning |
|
|
292,000 |
|
|
|
265,127 |
|
Addition |
|
|
79,493 |
|
|
|
33,645 |
|
Amortization |
|
|
(5,153 |
) |
|
|
(6,772 |
) |
Balance - ending |
|
|
366,340 |
|
|
|
292,000 |
|
Patents are amortized over their 20 year legal life. |
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