XML 24 R13.htm IDEA: XBRL DOCUMENT v3.25.1
Note 6 - Intangible Assets, Net
 6 Months Ended
Feb. 28, 2025
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

6.

INTANGIBLE ASSETS, NET

 

Intangible assets, net consisted of the following:

 

   

As of February 28, 2025

  
   

Gross Carrying Amount

    

Accumulated Amortization

    

Net Carrying Amount

  

Patents and trademarks

   $ 3,513,941     $ (2,912,796 )   $ 601,145  

Capitalized software

     3,490,026       (290,565 )     3,199,461  

Customer relationships

     6,347,000       (1,480,967 )     4,866,033  

Total intangible assets, net

   $ 13,350,967     $ (4,684,328 )   $ 8,666,639  

 

   

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 $158,374 and $306,094 for the three and six months ended February 28, 2025, respectively, compared to $147,571 and $295,226 for the three and six months ended February 29, 2024, respectively.

 

As of February 28, 2025, 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

   $ 512,397  

Fiscal 2026

     805,760  

Fiscal 2027

     770,685  

Fiscal 2028

     770,685  

Fiscal 2029

     770,685  

Thereafter

     5,036,427  

Total

   $ 8,666,639