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Note 5 - Intangible Assets, Net | 3 Months Ended
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Nov. 30, 2023
Notes to Financial Statements |
Intangible Assets Disclosure [Text Block] | 5. INTANGIBLE ASSETS, NET Intangible assets, net consisted of the following:
|  | As of November 30, 2023 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Patents and trademarks |  | $ | 3,372,859 |  |  | $ | (2,722,837 | ) |  | $ | 650,022 |
Customer relationships |  |  | 6,347,000 |  |  |  | (952,050 | ) |  |  | 5,394,950 |
Total intangible assets, net |  | $ | 9,719,859 |  |  | $ | (3,674,887 | ) |  | $ | 6,044,972 |
|  | 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 |
Amortization expense related to intangible assets was $147,655 and $147,811 for the three months ended November 30, 2023 and 2022, respectively. As of November 30, 2023, future amortization expense related to intangible assets for each of the next five fiscal years and thereafter is estimated as follows:
Fiscal 2024 |  | $ | 528,439 |
Fiscal 2025 |  |  | 543,721 |
Fiscal 2026 |  |  | 517,990 |
Fiscal 2027 |  |  | 492,221 |
Fiscal 2028 |  |  | 479,012 |
Thereafter |  |  | 3,483,589 |
Total |  | $ | 6,044,972 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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