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Note 13 - Intangible Assets | 9 Months Ended
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Aug. 31, 2025
Notes to Financial Statements |
Intangible Assets Disclosure [Text Block] |
13. | INTANGIBLE ASSETS
The components of intangible assets were as follows (in thousands):
|  |  |  |  |  | Balance at August 31, 2025 |  |  | Balance at November 30, 2024 |
|  | Estimated Useful Lives in Years |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Patents |  |  | 10-17 |  |  | $ | 3,955 |  |  | $ | (1,170 | ) |  | $ | 2,785 |  |  | $ | 3,955 |  |  | $ | (978 | ) |  | $ | 2,977 |
Trademarks |  | Indefinite |  |  |  | 360 |  |  |  | — |  |  |  | 360 |  |  |  | 360 |  |  |  | — |  |  |  | 360 |
Customer List |  |  | 2 |  |  |  | 70 |  |  |  | (70 | ) |  |  | — |  |  |  | 70 |  |  |  | (70 | ) |  |  | — |
Federal Firearms License |  |  | 3 |  |  |  | 6 |  |  |  | (0 | ) |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  |  |  |  |  | $ | 4,391 |  |  | $ | (1,240 | ) |  | $ | 3,151 |  |  | $ | 4,385 |  |  | $ | (1,048 | ) |  | $ | 3,337 |
The trademarks have an indefinite life and are assessed annually for impairment. All other intangible assets are finite-lived. Intangible assets amortization expenses are recorded within operating expenses in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Income. Total intangible assets amortization expense for the nine months ended August 31, 2025 and August 31, 2024 were $0.2 million and $0.1 million, respectively. Total intangible assets amortization expense was less than $0.1 million for the three months ended August 31, 2025 and 2024. Estimated future amortization expense related to intangible assets as of August 31, 2025 are as follows (in thousands):
Fiscal Year Ending November 30, |
2025 (remaining three months) |  | $ | 65 |
2026 |  |  | 259 |
2027 |  |  | 259 |
2028 |  |  | 259 |
2029 |  |  | 259 |
Thereafter |  |  | 1,690 |
Total |  | $ | 2,791 |

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