Byrna Technologies Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Note 13 - Intangible Assets

Note 13 - Intangible Assets

3 Months Ended

Feb. 28, 2026

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

13.

INTANGIBLE ASSETS

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

			*Balance at February 28, 2026*							*Balance at November 30, 2025*
	*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	$	(1,298	)	$	2,657	$	3,955	$	(1,234	)	$	2,721
Trademarks	Indefinite			360		—			360		360		—			360
Customer List		2		70		(70	)		—		70		(70	)		—
Federal Firearms License		3		6		(2	)		4		6		(1	)		5
Total			$	4,391	$	(1,370	)	$	3,021	$	4,391	$	(1,305	)	$	3,086

The trademarks have an indefinite life and are 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 Income. Total intangible assets amortization expense for the three months ended February 28, 2026 and 2025 were $0.1 million and $0.1 million, respectively.

Estimated future amortization expense related to intangible assets as of February 28, 2026 are as follows (in thousands):

*Fiscal Year Ending November 30,*
2026 (remaining nine months)	$	194
2027		259
2028		259
2029		259
2030		259
Thereafter		1,431
Total	$	2,661