Note 6 - Intangible Assets, Net

9 Months Ended

May 31, 2025

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

6. INTANGIBLE ASSETS, NET

Intangible assets, net consisted of the following:

	As of May 31, 2025
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Patents and trademarks	$	3,530,296	$	(2,940,992	)	$	589,304
Capitalized software		3,490,026		(374,719	)		3,115,307
Customer relationships		6,347,000		(1,586,750	)		4,760,250
Total intangible assets, net	$	13,367,322	$	(4,902,461	)	$	8,464,861

	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 $218,187 and $524,281 for the three and nine months ended May 31, 2025, respectively, compared to $147,749 and $442,975 for the three and nine months ended May 31, 2024, respectively.

As of May 31, 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	$	310,619
Fiscal 2026		805,760
Fiscal 2027		770,685
Fiscal 2028		770,685
Fiscal 2029		770,685
Thereafter		5,036,427
Total	$	8,464,861