Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Intangible Assets

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Note 11 - Intangible Assets
9 Months Ended
Aug. 31, 2022
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

11.

INTANGIBLE ASSETS

 

The components of intangible assets were as follows:

 

   

Balance at August 31, 2022

   

Balance at November 30, 2021

 
   

Gross Carrying Amount

   

Accumulated Amortization

   

Net Carrying Amount

   

Gross Carrying Amount

   

Accumulated Amortization

   

Net Carrying Amount

 

Patents

  $ 3,938     $ (405 )   $ 3,533     $ 3,895     $ (227 )   $ 3,668  

Trademarks

    360             360                    

Customer List

    70       (11 )     59                    

Total

  $ 4,368     $ (416 )   $ 3,952     $ 3,895     $ (227 )   $ 3,668  

 

The trademarks have an indefinite life and will be assessed annually for impairment.  All other intangible assets are finite-lived.

 

Intangible assets amortization expenses are recorded within operating expenses in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Loss.  Total intangible assets amortization expense for the nine months ended August 31, 2022 and 2021 were $0.2 million and $0.1 million, respectively.  Total intangible assets amortization expense for the three months ended August 31, 2022 and 2021 were $0.1 million and $0.1 million, respectively. 

 

Estimated future amortization expense related to intangible assets as of August 31, 2022 are as follows (in thousands):

 

Fiscal Year Ending November 30,

       

2022 (three months)

  $ 68  

2023

    272  

2024

    252  

2025

    237  

2026

    237  

Thereafter

    2,344  

Total

  $ 3,410