Annual report pursuant to Section 13 and 15(d)

Note 9 - Intangible Assets

v3.22.4
Note 9 - Intangible Assets
12 Months Ended
Nov. 30, 2022
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

9.

INTANGIBLE ASSETS

 

The components of intangible assets were as follows:

 

           

As of November 30, 2022

   

As of November 30, 2021

 
   

Estimated Useful Lives in Years

   

Gross Carrying Amount

   

Accumulated Amortization

   

Net Carrying Amount

   

Gross Carrying Amount

   

Accumulated Amortization

   

Net Carrying Amount

 

Patents

    10-17     $ 3,931     $ (468 )   $ 3,463     $ 3,895     $ (227 )   $ 3,668  

Trademarks

 

Indefinite

      360             360                    

Customer List

    2       70       (21 )     49                    

Total

          $ 4,361     $ (489 )   $ 3,872     $ 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 Consolidated Statements of Operations and Comprehensive Loss.  Total intangible assets amortization expense for the years ended  November 30, 2022 and 2021 were $0.3 million and $0.2 million, respectively.  

 

Estimated future amortization expense related to intangible assets as of November 30, 2022 are as follows (in thousands):

 

Fiscal Year Ending November 30,

       

2023

  $ 289  

2024

    267  

2025

    254  

2026

    254  

2027

    254  

Thereafter

    2,194  

Total

  $ 3,512