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Note 6 - Intangible Assets, Net
 3 Months Ended
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