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

9 Months Ended

Aug. 31, 2026

Notes to Financial Statements

Intangible Asset [Text Block]

13.

INTANGIBLE ASSETS

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

			*Balance at August 31, 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	$	4,864	$	(1,427	)	$	3,437	$	3,955	$	(1,234	)	$	2,721
Trademarks	Indefinite			360		—			360		360		—			360
Trademarks		1		143		—			143		—		—			—
Customer List		2		70		(70	)		—		70		(70	)		—
Federal Firearms License		3		6		(2	)		4		6		(1	)		5
Total			$	5,443	$	(1,499	)	$	3,944	$	4,391	$	(1,305	)	$	3,086

The Company's trademarks, other than those acquired in the Hero Acquisition, have an indefinite life and are assessed annually for impairment. The trademarks acquired in the Hero Acquisition (see Note 6, Goodwill) are finite-lived and will be amortized over a one-year useful life beginning in September 2026, reflecting the Company's plan to phase out the acquired trade names in connection with a planned product relaunch in fiscal 2027. 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) Income. Total intangible assets amortization expense for the nine months ended August 31, 2026 and 2025 was $0.2 million in each period. Total intangible assets amortization expense for the three months ended August 31, 2026 and 2025 was less than $0.1 million in each period.

Estimated future amortization expense related to intangible assets as of August 31, 2026 are as follows (in thousands):

*Fiscal Year Ending November 30,*
2026 (remaining three months)	$	123
2027		458
2028		351
2029		350
2030		350
Thereafter		1,952
Total estimated future amortization expense	$	3,584
Indefinite-lived intangible assets (not amortized)		360
Total intangible assets, net	$	3,944