Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Intangible Assets

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Note 11 - Intangible Assets
3 Months Ended
Feb. 28, 2023
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

11.

INTANGIBLE ASSETS

 

The components of intangible assets were as follows:

 

           

Balance at February 28, 2023

   

Balance at November 30, 2022

 
   

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     $ (532 )   $ 3,399     $ 3,931     $ (468 )   $ 3,463  

Trademarks

 

Indefinite

      360             360       360             360  

Customer List

  2       70       (29 )     41       70       (21 )     49  

Total

          $ 4,361     $ (561 )   $ 3,800     $ 4,361     $ (489 )   $ 3,872  

 

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 three months ended February 28, 2023 and 2022 were $0.1 million and $0.1 million, respectively. 

 

Estimated future amortization expense related to intangible assets as of February 28, 2023 are as follows (in thousands):

 

Fiscal Year Ending November 30,

       

2023 (nine months)

  $ 217  

2024

    272  

2025

    254  

2026

    254  

2027

    254  

Thereafter

    2,189  

Total

  $ 3,440