Quarterly report pursuant to Section 13 or 15(d)

Revenues

v3.19.1
Revenues
6 Months Ended
Feb. 28, 2019
Notes to Financial Statements  
Revenues

 

    Six Months Ended  
   

February 28

2019

$

   

February 28

2018

$

 
Product sales     5,436       11,709  
Licensing revenue (Note 11)     32,000       184,083  
Freight revenue     122       801  
      37,558       196,593  

 

The Company recognized licensing revenue on a pro-rated basis over the term of the Licensing Agreement (Note 11) and additional licensing fees as they were earned. The Company has determined that the support services form an insignificant portion of the licensing contract as they are substantially completed prior to delivery of the Technology and that delivery of the license is complete when the Technology is transferred to the licensee. Additional licensing fees and usage fees are recognized as they are earned. During the period ended February 28, 2019, the Company recognized $Nil of deferred revenue (Note 11) and $32,000 of Licensing usage fees.