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Note 6 - Intangible Assets, Net | 3 Months Ended
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Nov. 30, 2024
Notes to Financial Statements |
Intangible Assets Disclosure [Text Block] |
6. | INTANGIBLE ASSETS, NET
Intangible assets, net consisted of the following:
|  | As of November 30, 2024 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Patents and trademarks |  | $ | 3,498,597 |  |  | $ | (2,896,469 | ) |  | $ | 602,128 |
Customer relationships |  |  | 6,347,000 |  |  |  | (1,375,183 | ) |  |  | 4,971,817 |
Total intangible assets, net |  | $ | 9,845,597 |  |  | $ | (4,271,652 | ) |  | $ | 5,573,945 |
|  | As of August 31, 2024 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Patents and trademarks |  | $ | 3,459,877 |  |  | $ | (2,854,532 | ) |  | $ | 605,345 |
Customer relationships |  |  | 6,347,000 |  |  |  | (1,269,400 | ) |  |  | 5,077,600 |
Total intangible assets, net |  | $ | 9,806,877 |  |  | $ | (4,123,932 | ) |  | $ | 5,682,945 |
Amortization expense related to intangible assets was $147,720 and $147,655 for the three months ended November 30, 2024 and 2023, respectively. As of November 30, 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 2025 |  | $ | 459,191 |
Fiscal 2026 |  |  | 485,814 |
Fiscal 2027 |  |  | 450,739 |
Fiscal 2028 |  |  | 450,739 |
Fiscal 2029 |  |  | 450,739 |
Thereafter |  |  | 3,276,723 |
Total |  | $ | 5,573,945 |

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