| Intangible Asset [Text Block] |
|
6.
|
INTANGIBLE ASSETS, NET
|
Intangible assets, net consisted of the following:
| |
|
As of May 31, 2026
|
|
| |
|
Gross Carrying Amount
|
|
|
Accumulated Amortization
|
|
|
Net Carrying Amount
|
|
|
Patents and trademarks
|
|
$ |
3,618,746 |
|
|
$ |
(3,050,692 |
) |
|
$ |
568,054 |
|
|
Capitalized software
|
|
|
4,204,956 |
|
|
|
(799,716 |
) |
|
|
3,405,240 |
|
|
Customer relationships
|
|
|
6,347,000 |
|
|
|
(2,009,884 |
) |
|
|
4,337,116 |
|
|
Total intangible assets, net
|
|
$ |
14,170,702 |
|
|
$ |
(5,860,292 |
) |
|
$ |
8,310,410 |
|
| |
|
As of August 31, 2025
|
|
| |
|
Gross Carrying Amount
|
|
|
Accumulated Amortization
|
|
|
Net Carrying Amount
|
|
|
Patents and trademarks
|
|
$ |
3,546,542 |
|
|
$ |
(2,969,571 |
) |
|
$ |
576,971 |
|
|
Capitalized software
|
|
|
4,089,695 |
|
|
|
(493,365 |
) |
|
|
3,596,330 |
|
|
Customer relationships
|
|
|
6,347,000 |
|
|
|
(1,692,533 |
) |
|
|
4,654,467 |
|
|
Total intangible assets, net
|
|
$ |
13,983,237 |
|
|
$ |
(5,155,469 |
) |
|
$ |
8,827,768 |
|
Amortization expense related to intangible assets was $239,050 and $704,822 for the three and nine months ended May 31, 2026, respectively, compared to $218,187 and $524,281 for the three and nine months ended May 31, 2025, respectively.
As of May 31, 2026, future amortization expense related to intangible assets for each of the next five fiscal years and thereafter is estimated as follows:
|
Remainder of fiscal 2026
|
|
$ |
213,498 |
|
|
Fiscal 2027
|
|
|
886,770 |
|
|
Fiscal 2028
|
|
|
862,495 |
|
|
Fiscal 2029
|
|
|
843,144 |
|
|
Fiscal 2030
|
|
|
843,144 |
|
|
Thereafter
|
|
|
4,661,359 |
|
|
Total
|
|
$ |
8,310,410 |
|
|