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Note 5 - Intangible Assets, Net

3 Months Ended

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

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