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Note 5 - Intangible Asset, Net

12 Months Ended

Aug. 31, 2023

Customer Relationships and Assembled Workforce [Member]

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

5.	INTANGIBLE ASSETS, NET

Intangible assets, net consisted of the following:

		As of August 31, 2023
		Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
Patents and trademarks		$	3,339,717			$	(2,680,965	)		$	658,752
Customer relationships			6,347,000				(846,267	)			5,500,733
Total intangible assets, net		$	9,686,717			$	(3,527,232	)		$	6,159,485

		As of August 31, 2022
		Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
Patents and trademarks		$	3,225,655			$	(2,515,644	)		$	710,011
Customer relationships			6,347,000				(423,133	)			5,923,867
Total intangible assets, net		$	9,572,655			$	(2,938,777	)		$	6,633,878

Amortization expense related to intangible assets was $558,454 for fiscal 2023 compared to $629,843 for fiscal 2022.

As of August 31, 2023, future amortization expense related to intangible assets for each of the next five fiscal years and thereafter is estimated as follows:

Fiscal 2024		$	642,951
Fiscal 2025			543,721
Fiscal 2026			517,990
Fiscal 2027			492,221
Fiscal 2028			479,012
Thereafter			3,483,589
Total		$	6,159,485