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Note 5 - Intangible Assets, Net | 3 Months Ended
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Feb. 29, 2024
Notes to Financial Statements |
Intangible Assets Disclosure [Text Block] | 5. INTANGIBLE ASSETS, NET Intangible assets, net consisted of the following:
|  | As of February 29, 2024 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Patents and trademarks |  | $ | 3,401,882 |  |  | $ | (2,764,626 | ) |  | $ | 637,256 |
Customer relationships |  |  | 6,347,000 |  |  |  | (1,057,833 | ) |  |  | 5,289,167 |
Total intangible assets, net |  | $ | 9,748,882 |  |  | $ | (3,822,459 | ) |  | $ | 5,926,423 |
|  | 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 $147,571 and $295,226 for the three and six months ended February 29, 2024, respectively, compared to $147,062 and $294,873 for the three and six months ended February 28, 2023, respectively. As of February 29, 2024, future amortization expense related to intangible assets for each of the next five fiscal years and thereafter is estimated as follows:
Remainder of fiscal 2024 |  | $ | 409,890 |
Fiscal 2025 |  |  | 543,721 |
Fiscal 2026 |  |  | 517,990 |
Fiscal 2027 |  |  | 492,221 |
Fiscal 2028 |  |  | 479,012 |
Thereafter |  |  | 3,483,589 |
Total |  | $ | 5,926,423 |

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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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