v3.26.1
Note 12 - Intangible Assets
9 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Intangible Asset [Text Block]

(12) INTANGIBLE ASSETS

 

The following table summarizes the activity of intangible assets at June 30, 2026 and September 30, 2025:

 

   

June 30, 2026

   

September 30, 2025

 
   

Gross

   

Accumulated

Amortization

   

Net

   

Gross

   

Accumulated

Amortization

   

Net

 

Royalty agreements

  $ 21,120,565     $ (16,968,586

)

  $ 4,151,979     $ 21,120,565     $ (16,307,862

)

  $ 4,812,703  

Developed technology

    16,204,597       (6,092,584

)

    10,112,013       14,315,504       (5,169,434

)

    9,146,070  

Trade name

    138,098       (138,098

)

    -       138,745       (138,745

)

    -  

Total intangible assets

  $ 37,463,260     $ (23,199,268

)

  $ 14,263,992     $ 35,574,814     $ (21,616,041

)

  $ 13,958,773  

 

The intangible assets summarized above were purchased or developed on various dates from July 2011 through June 30, 2026.

 

Total amortization expense for the three months ended June 30, 2026 and 2025 was $708,554 and $507,746, respectively, of which $488,313 and $287,505 of the total amortization expense was included in cost of revenue on the Condensed Consolidated Statements of Operations for three months ended June 30, 2026 and 2025, respectively, and $220,241 and $220,241 of the total amortization expense was included in operating expense on the Condensed Consolidated Statements of Operations for three months ended June 30, 2026 and 2025, respectively.

 

Total amortization expense for the nine months ended June 30, 2026 and 2025 was $1,729,193 and $1,514,263, respectively. $1,068,469 and $853,539 of the total amortization expense was included in cost of revenue on the Condensed Consolidated Statements of Operations for three months ended June 30, 2026 and 2025, respectively, and $660,724 and $660,724 of the total amortization expense was included in operating expense on the Condensed Consolidated Statements of Operations for nine months ended June 30, 2026 and 2025, respectively.

 

The following table summarizes the future maturities of amortization of intangible assets as of June 30, 2026:

 

Twelve months ended June 30:

 

Amortization

 

2027

  $ 3,395,099  

2028

    3,449,364  

2029

    2,322,308  

2030

    2,322,308  

2031

    2,069,459  

Thereafter

    705,454  

Total

  $ 14,263,992