Byrna Technologies Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Note 10 - Intangible Assets

Note 10 - Intangible Assets

12 Months Ended

Nov. 30, 2025

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

10.

INTANGIBLE ASSETS

The components of intangible assets were as follows (in thousands):

			As of November 30, 2025							As of November 30, 2024
	Estimated Useful Lives in Years		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Patents		10-17	$	3,955	$	(1,234	)	$	2,721	$	3,955	$	(978	)	$	2,977
Trademarks	Indefinite			360		—			360		360		—			360
Customer List		2		70		(70	)		—		70		(70	)		—
Federal Firearms License		3		6		(1	)		5
Total			$	4,391	$	(1,305	)	$	3,086	$	4,385	$	(1,048	)	$	3,337

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 Income. Total intangible assets amortization expense for the years ended November 30, 2025 and 2024 were $0.3 million and $0.3 million, respectively.

Estimated future amortization expense related to intangible assets as of November 30, 2025, are as follows (in thousands):

Fiscal Year Ending November 30,
2026	$	259
2027		259
2028		258
2029		257
2030		257
Thereafter		1,436
Total	$	2,726