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 |
The Company also holds non-capitalized patents outside the US. A continuity schedule for capitalized patents is presented below: | | May 31 | | | August 31 | | | | 2020 | | | 2019 | | | | $ | | | $ | | Balance – beginning | | | 265,127 | | | | 146,538 | | Addition | | | 20,007 | | | | 122,982 | | Amortization* | | | (4,264 | ) | | | (4,393 | ) | Balance – ending | | | 280,870 | | | | 265,127 | | *The patents are amortized over their legal life of 20 years. | | | | | | | | |
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