Byrna Technologies Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 10 - Intangible Assets

Note 10 - Intangible Assets

12 Months Ended

Nov. 30, 2024

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, 2024							As of November 30, 2023
	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	$	(978	)	$	2,977	$	3,931	$	(723	)	$	3,208
Trademarks	Indefinite			360		—			360		360		—			360
Customer List		2		70		(70	)		—		70		(55	)		15
Total			$	4,385	$	(1,048	)	$	3,337	$	4,361	$	(778	)	$	3,583

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 (Loss). Total intangible assets amortization expense for the years ended November 30, 2024 and 2023 were $0.3 million and $0.3 million, respectively.

Estimated future amortization expense related to intangible assets as of November 30, 2024 are as follows (in thousands):

Fiscal Year Ending November 30,
2025	$	275
2026		257
2027		257
2028		257
2029		257
Thereafter		1,674
Total	$	2,977