XML 29 R19.htm IDEA: XBRL DOCUMENT v3.25.2
Note 13 - Intangible Assets
 9 Months Ended
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