Byrna (BYRN) 10-Q9 Jul 242024 Q2 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	May 31, 2024	Jul. 09, 2024
Document Information [Line Items]
Entity Central Index Key	0001354866
Entity Registrant Name	Byrna Technologies Inc.
Amendment Flag	false
Current Fiscal Year End Date	--11-30
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	May 31, 2024
Document Transition Report	false
Entity File Number	333-132456
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	71-1050654
Entity Address, Address Line One	100 Burtt Road, Suite 115
Entity Address, City or Town	Andover
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	01810
City Area Code	978
Local Phone Number	868-5011
Title of 12(b) Security	Common stock, $0.001, par value per share
Trading Symbol	BYRN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		22,776,895

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	May 31, 2024	Nov. 30, 2023
CURRENT ASSETS
Cash and cash equivalents	$ 24,788	$ 20,498
Accounts receivable, net	1,635	2,945
Inventory, net	15,500	13,890
Prepaid expenses and other current assets	1,779	868
Total current assets	43,702	38,201
LONG TERM ASSETS
Intangible assets, net	3,441	3,583
Deposits for equipment	1,706	1,163
Right-of-use asset, net	1,473	1,805
Property and equipment, net	3,408	3,803
Goodwill	2,265	2,258
Loan to joint venture	1,493	1,473
Other assets	35	28
TOTAL ASSETS	57,523	52,314
CURRENT LIABILITIES
Accounts payable and accrued liabilities	9,207	6,158
Operating lease liabilities, current	552	644
Deferred revenue, current	1,407	1,844
Total current liabilities	11,166	8,646
LONG TERM LIABILITIES
Deferred revenue, non-current	45	91
Operating lease liabilities, non-current	999	1,258
Total liabilities	12,210	9,995
COMMITMENTS AND CONTINGENCIES (NOTE 19)
STOCKHOLDERS’ EQUITY
Preferred stock, $0.001 par value, 5,000,000 shares authorized, no shares issued	0	0
Common stock, $0.001 par value, 50,000,000 shares authorized. 24,964,787 shares issued and 22,776,895 shares outstanding as of May 31, 2024, and 24,168,014 shares issued and 22,002,027 outstanding as of November 30, 2023	24	24
Additional paid-in capital	131,550	130,426
Treasury stock (2,187,892 and 2,165,987 shares purchased as of May 31, 2024 and November 30, 2023, respectively)	(17,753)	(17,500)
Accumulated deficit	(67,481)	(69,575)
Accumulated other comprehensive loss	(1,027)	(1,056)
Total Stockholders’ Equity	45,313	42,319
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 57,523	$ 52,314

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	May 31, 2024	Nov. 30, 2023
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	24,964,787	24,168,014
Common stock, shares outstanding (in shares)	22,776,895	22,002,027
Treasury stock, shares (in shares)	2,187,892	2,165,987

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Net revenue	$ 20,269	$ 11,508	$ 36,923	$ 19,919
Cost of goods sold	7,709	5,309	14,724	8,475
Gross profit	12,560	6,199	22,199	11,444
Operating expenses	10,647	7,191	20,450	14,431
INCOME (LOSS) FROM OPERATIONS	1,913	(992)	1,749	(2,987)
OTHER INCOME (EXPENSE)
Foreign currency transaction loss	(220)	(46)	(279)	(184)
Interest income	323	143	604	286
Income (loss) from joint venture	62	(171)	20	(338)
Other income (expense)	2	(33)	3	(87)
INCOME (LOSS) BEFORE INCOME TAXES	2,080	(1,099)	2,097	(3,310)
Income tax benefit (expense)	(3)	(17)	(3)	41
NET INCOME (LOSS)	2,077	(1,116)	2,094	(3,269)
Foreign currency translation adjustment for the period	144	(641)	29	(1,226)
COMPREHENSIVE INCOME (LOSS)	$ 2,221	$ (1,757)	$ 2,123	$ (4,495)
Basic net income (loss) per share (in dollars per share)	$ 0.09	$ (0.05)	$ 0.09	$ (0.15)
Diluted net income (loss) per share (in dollars per share)	$ 0.09	$ (0.05)	$ 0.09	$ (0.15)
Weighted-average number of common shares outstanding - basic (in shares)	22,728,500	21,866,260	22,383,769	21,863,263
Weighted-average number of common shares outstanding - diluted (in shares)	23,731,076	21,866,260	22,942,530	21,863,263

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	May 31, 2024	May 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss) for the period	$ 2,094	$ (3,269)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Stock-based compensation expense	1,796	2,951
Depreciation and amortization	675	582
Amortization of debt issuance costs	4	0
Amortization of right-of-use asset	332	332
Loss (income) from joint venture	(20)	338
Impairment loss	0	176
Changes in assets and liabilities:
Accounts receivable	1,310	1,258
Deferred revenue	(483)	(175)
Inventory	(1,610)	(2,677)
Prepaid expenses and other current assets	(910)	(77)
Other assets	0	(80)
Accounts payable and accrued liabilities	3,049	(1,369)
Operating lease liabilities	(362)	(352)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	5,875	(2,362)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(693)	(148)
Equity method investment in joint venture	0	(520)
Loan to joint venture	0	(1,556)
NET CASH USED IN INVESTING ACTIVITIES	(693)	(2,224)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from stock option exercises	128	0
Repurchase of common stock	(253)	0
Payment of taxes withheld on issuance of restricted stock units	(800)	0
NET CASH USED IN FINANCING ACTIVITIES	(925)	0
Effects of foreign currency exchange rate changes	33	(122)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FOR THE PERIOD	4,290	(4,708)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	20,498	20,068
CASH AND CASH EQUIVALENTS END OF PERIOD	$ 24,788	$ 15,360

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock, Common [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares)	24,018,612		(2,165,987)
Balance (in shares) at Nov. 30, 2022	24,018,612		(2,165,987)
Balance at Nov. 30, 2022	$ 23	$ 125,474	$ (17,500)	$ (61,383)	$ (620)	$ 45,994
Stock-based compensation	$ 0	2,951	$ 0	0	0	2,951
Issuance of common stock pursuant to vesting of restricted stock units (in shares)	13,636		0
Issuance of common stock pursuant to vesting of restricted stock units	$ 0	0	$ 0	0	0	0
Net income (loss) for the period	0	0	0	(3,269)	0	(3,269)
Foreign currency translation adjustment for the period	0	0	0	0	(1,226)	(1,226)
Net Income (Loss) Attributable to Parent	0	0	0	(3,269)	0	(3,269)
Balance at May. 31, 2023	$ 23	128,425	$ (17,500)	(64,653)	(1,846)	44,449
Balance (in shares)	24,032,248		(2,165,987)
Balance (in shares) at Feb. 28, 2023	24,032,248		(2,165,987)
Balance at Feb. 28, 2023	$ 23	126,938	$ (17,500)	(63,537)	(1,205)	44,719
Stock-based compensation	0	1,487	0	0	0	1,487
Net income (loss) for the period	0	0	0	(1,116)	0	(1,116)
Foreign currency translation adjustment for the period	0	0	0	0	(641)	(641)
Net Income (Loss) Attributable to Parent	0	0	0	(1,116)	0	(1,116)
Balance at May. 31, 2023	$ 23	128,425	$ (17,500)	(64,653)	(1,846)	44,449
Balance (in shares)	24,032,248		(2,165,987)
Balance (in shares)	24,168,014		(2,165,987)
Balance (in shares) at Nov. 30, 2023	24,168,014		(2,165,987)
Balance at Nov. 30, 2023	$ 24	130,426	$ (17,500)	(69,575)	(1,056)	42,319
Stock-based compensation	$ 0	1,796	$ 0	0	0	$ 1,796
Issuance of common stock pursuant to exercise of stock options (in shares)	207,432		0			244,465
Issuance of common stock pursuant to exercise of stock options	$ 0	128	$ 0	0	0	$ 128
Issuance of common stock pursuant to vesting of restricted stock units (in shares)	589,341		0
Issuance of common stock pursuant to vesting of restricted stock units	$ 0	(800)	$ 0	0	0	(800)
Repurchase of common stock	0	0	$ (253)	0	0	(253)
Repurchase of common stock (in shares)			(21,905)
Net income (loss) for the period	0	0	$ 0	2,094	0	2,094
Foreign currency translation adjustment for the period	0	0	0	0	29	29
Net Income (Loss) Attributable to Parent	0	0	0	2,094	0	2,094
Balance at May. 31, 2024	$ 24	131,550	$ (17,753)	(67,481)	(1,027)	45,313
Balance (in shares)	24,375,754		(2,165,987)
Balance (in shares) at Feb. 29, 2024	24,375,754		(2,165,987)
Balance at Feb. 29, 2024	$ 24	131,374	$ (17,500)	(69,558)	(1,171)	43,169
Stock-based compensation	$ 0	858	$ 0	0	0	858
Issuance of common stock pursuant to exercise of stock options (in shares)	39,465		0
Issuance of common stock pursuant to exercise of stock options	$ 0	118	$ 0	0	0	118
Issuance of common stock pursuant to vesting of restricted stock units (in shares)	549,568		0
Issuance of common stock pursuant to vesting of restricted stock units	$ 0	(800)	$ 0	0	0	(800)
Repurchase of common stock	0	0	$ (253)	0	0	(253)
Repurchase of common stock (in shares)			(21,905)
Net income (loss) for the period	0	0	$ 0	2,077	0	2,077
Foreign currency translation adjustment for the period	0	0	0	0	144	144
Net Income (Loss) Attributable to Parent	0	0	0	2,077	0	2,077
Balance at May. 31, 2024	$ 24	$ 131,550	$ (17,753)	$ (67,481)	$ (1,027)	$ 45,313
Balance (in shares)	24,964,787		(2,187,892)

Note 1 - Nature of Operations

Note 1 - Nature of Operations	6 Months Ended
Note 1 - Nature of Operations	May 31, 2024
Notes to Financial Statements
Nature of Operations [Text Block]	1. NATURE OF OPERATIONS Byrna Technologies Inc. (the “Company” or “Byrna”) is a technology company, specializing in next generation alternatives to traditional firearms without the risk of taking a life. The Company's launchers can be used for self-defense and personal security by consumers in all 50 may 2020, not two On January 10, 2023, 7,

Note 2 - Operations and Managem

Note 2 - Operations and Management Plans	6 Months Ended
Note 2 - Operations and Management Plans	May 31, 2024
Notes to Financial Statements
Operations and Management Plans Disclosure [Text Block]	2. OPERATIONS AND MANAGEMENT PLANS From inception to May 31, 2024 six May 31, 2024 Management projects that all cash needs will be met beyond one

Note 3 - Basis of Presentation

Note 3 - Basis of Presentation	6 Months Ended
Note 3 - Basis of Presentation	May 31, 2024
Notes to Financial Statements
Basis of Accounting [Text Block]	3. BASIS OF PRESENTATION These unaudited condensed consolidated financial statements for the three six May 31, 2024 2023 10 not The unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto together with management’s discussion and analysis of financial condition and results of operations contained in the Company's annual report on Form 10 November 30, 2023 three six May 31, 2024 2023 six May 31, 2024 2023 not

Note 4 - Use of Estimates

Note 4 - Use of Estimates	6 Months Ended
Note 4 - Use of Estimates	May 31, 2024
Notes to Financial Statements
Use of Estimates [Text Block]	4. USE OF ESTIMATES The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Future events and their effects cannot be determined with certainty. Therefore, the determination of estimates requires the exercise of judgment. Actual results could differ from those estimates, and any such differences may

Note 5 - Recent Accounting Guid

Note 5 - Recent Accounting Guidance	6 Months Ended
Note 5 - Recent Accounting Guidance	May 31, 2024
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	5. RECENT ACCOUNTING GUIDANCE The Company considers the applicability and impact of all Accounting Standards Updates ("ASUs"). ASUs not not Recently Adopted Accounting Pronouncement In 2016, 2016 13, 326 2016 13” 2016 13 December 1, 2023, not Accounting Pronouncement Issued but Not In 2023, 2023 09 740 2023 09” December 15, 2025. 2023 09 The FASB also issued ASU 2023 07: 280 December 15, 2024, 2023 07 not On March 21, 2024, 2024 01, 718 718, Compensation Stock Compensation not

Note 6 - Goodwill

Note 6 - Goodwill	6 Months Ended
Note 6 - Goodwill	May 31, 2024
Notes to Financial Statements
Goodwill Disclosure [Text Block]	6. Goodwill Goodwill resulting from a business combination is not not not, not The Company performs its annual review for impairment during the third one August 31, 2023, no no May 31, 2024

Note 7 - Investment in Joint Ve

Note 7 - Investment in Joint Venture	6 Months Ended
Note 7 - Investment in Joint Venture	May 31, 2024
Notes to Financial Statements
Equity Method Investments and Joint Ventures Disclosure [Text Block]	7. INVESTMENT IN JOINT VENTURE January 2023, not not three six May 31, 2024 three six May 31, 2023 May 31, 2024 November 30, 2023 zero In January 2023, SOFR May 31, 2024 five January 10, 2028. for t three six May 31, 2024 hee ts.

Note 8 - Advertising Costs

Note 8 - Advertising Costs	6 Months Ended
Note 8 - Advertising Costs	May 31, 2024
Notes to Financial Statements
Advertising Costs [Text Block]	8. ADVERTISING COSTS Advertising costs are expenses as incurred and reported in Operating Expenses in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss), and include costs of advertising, tradeshows, and other activities designed to enhance demand for the Company's products. The Company reported advertising costs of approximately $2.5 million and $5.3 million for the three six May 31, 2024 three six May 31, 2023

Note 9 - Revenue, Deferred Reve

Note 9 - Revenue, Deferred Revenue and Accounts Receivable	6 Months Ended
Note 9 - Revenue, Deferred Revenue and Accounts Receivable	May 31, 2024
Notes to Financial Statements
Revenue, Deferred Revenue and Accounts Receivable [Text Block]	9. REVENUE, DEFERRED REVENUE AND ACCOUNTS RECEIVABLE The Company generates most of its revenue through e-commerce portals to consumers, as well as wholesale distribution of its products and accessories to dealers/distributors and retail stores. The Company also sells products to large end-users such as private security companies and law enforcement agencies. The Company does not 30 60 first one three 3 first second third second third The Company offers e-commerce customers a 14 14 14 three six May 31, 2024 2023 The Company does not may may three six May 31, 2024 2023 The Company accounts for shipping and handling activities related to contracts with customers as costs to fulfill the promise to transfer the associated products. Shipping and handling costs associated with the distribution of finished products to customers, are recorded in operating expenses in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) and are recognized when the product is shipped to the customer. Included as cost of goods sold are costs associated with the production and procurement of products, such as labor and overhead, inbound freight costs, manufacturing depreciation, purchasing and receiving costs, and inspection costs. Accounts Receivable The Company records accounts receivables due from dealers/distributers, large end-users such as retail stores, security companies, and law enforcement agencies. Accounts receivable, net of allowances, w as million, $2.9 mill ion May 31, 2024 November 30, 2023 November 30, 2022 Allowance for Expected Credit Losses The Company estimates the balance of its allowance for expected credit losses. In determining the amount of the allowance for credit losses, the Company considers historical collectability based on past due status and makes judgments about the creditworthiness of customers based on ongoing credit evaluations. The Company also considers customer-specific information, current market conditions, and reasonable and supportable forecasts of future economic conditions. Account balances are written off against the allowance when it is determined that the receivable will not May 31, 2024 November 30, 2023 November 30, 2022 Deferred Revenue The balance of deferred revenue, which relate to unfulfilled e-commerce orders and amounts to be recognized under extended 3 May 31, 2024 May 31, 2023 November 30, 2023 2022 three six May 31, 2024 three six May 31, 2023 Revenue Disaggregation The following table presents disaggregation of the Company’s revenue by distribution channel (in thousands): Three Months Ended Six Months Ended May 31, May 31, Distribution channel 2024 2023 2024 2023 Wholesale (dealer/distributors) $ 5,177 $ 4,669 $ 8,731 $ 6,968 E-commerce (direct to consumers) 15,092 6,839 28,192 12,951 Total $ 20,269 $ 11,508 $ 36,923 $ 19,919

Note 10 - Inventory

Note 10 - Inventory	6 Months Ended
Note 10 - Inventory	May 31, 2024
Notes to Financial Statements
Inventory Disclosure [Text Block]	10. INVENTORY The following table summarizes inventory (in thousands): May 31, November 30, 2024 2023 Raw materials $ 9,645 $ 7,543 Work in process 2,122 2,439 Finished goods 3,733 3,908 Total $ 15,500 $ 13,890

Note 11 - Property and Equipmen

Note 11 - Property and Equipment	6 Months Ended
Note 11 - Property and Equipment	May 31, 2024
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	11. PROPERTY AND EQUIPMENT The following table summarizes cost and accumulated depreciation (in thousands): May 31, November 30, 2024 2023 Computer equipment and software $ 814 $ 817 Furniture and fixtures 274 273 Leasehold improvements 990 989 Machinery and equipment 3,567 3,425 5,645 5,504 Less: accumulated depreciation 2,237 1,701 Total $ 3,408 $ 3,803 The Company recognized $0.5 million and $0.4 million in depreciation expense during the six May 31, 2024 2023 three May 31, 2024 2023 At May 31, 2024 November 30, 2023 not

Note 12 - Intangible Assets

Note 12 - Intangible Assets	6 Months Ended
Note 12 - Intangible Assets	May 31, 2024
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	12. INTANGIBLE ASSETS The components of intangible assets were as follows (in thousands): Balance at May 31, 2024 Balance at 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 $ 3,931 $ (850 ) $ 3,081 $ 3,931 $ (723 ) $ 3,208 Trademarks Indefinite 360 — 360 360 — 360 Customer List 2 70 (70 ) — 70 (55 ) 15 Total $ 4,361 $ (920 ) $ 3,441 $ 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 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). Total intangible assets amortization expense for the six May 31, 2024 2023 three May 31, 2024 2023 Estimated future amortization expense related to intangible assets as of May 31, 2024 Fiscal Year Ending November 30, 2024 (remaining six months) $ 128 2025 254 2026 254 2027 254 2028 254 Thereafter 1,937 Total $ 3,081

Note 13 - Accounts Payable and

Note 13 - Accounts Payable and Accrued Liabilities	6 Months Ended
Note 13 - Accounts Payable and Accrued Liabilities	May 31, 2024
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	13. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES The Company’s accounts payable and accrued liabilities consist of the following (in thousands): May 31, November 30, 2024 2023 Trade payables $ 6,450 $ 2,617 Accrued sales and use tax 362 834 Accrued people costs 1,763 2,173 Accrued professional fees 148 201 Other accrued liabilities 484 333 Total $ 9,207 $ 6,158

Note 14 - Stock-based Compensat

Note 14 - Stock-based Compensation	6 Months Ended
Note 14 - Stock-based Compensation	May 31, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	14. STOCK-BASED COMPENSATION 2020 On October 23, 2020, November 19, 2020, 2020 “2020 2020 2020 may 2020 The Company accounts for all stock-based payment awards granted to employees and non-employees as stock-based compensation expense at their grant date fair value. The Company’s stock-based payments include stock options, RSUs, and incentive warrants. The measurement date for employee awards is the date of grant, and stock-based compensation costs are recognized as expense over the employees’ requisite service period, on a straight-line basis. The measurement date for non-employee awards is generally the date the services were completed, resulting in financial reporting period adjustments to stock-based compensation during either the expected term or the contractual term. Stock-based compensation costs for non-employees are recognized as expense over the vesting period on a straight-line basis. Forfeitures are accounted for as they occur. The fair value of each grant is estimated on the date of grant by using either the Black-Scholes, Binomial Lattice, or the quoted stock price on the date of grant, unless the awards are subject to market conditions in which case the Company uses the Monte Carlo simulation model. Due to the Company’s limited history, the expected term of the Company’s stock options granted to employees has been determined utilizing the method as prescribed by the SEC’s Staff Accounting Bulletin, Topic 14. not Stock-Based Compensation Expense Stock-based compensation costs are recognized as expense over the employee's requisite service period, on a straight-line basis. Total stock-based compensation expense was $1.8 million and $3.0 million for the six May 31, 2024 2023 three May 31, 2024 2023 Restricted Stock Units During the six May 31, 2024 1 one third 20 second one third 20 one third 20 2 three six May 31, 2023 not six May 31, 2024 2023 six May 31, 2024 2023 three May 31, 2024 2023 The assumptions that the Company used in a Monte Carlo simulation model to determine the grant-date fair value of RSU's granted with a double trigger for the six May 31, 2024 Risk free rate 4.33 % Expected dividends $ — Expected volatility 33 % Expected life (in years) 2.7 Market price of the Company’s common stock on date of grant $ 6.03 As of May 31, 2024 The following table summarizes the RSU activity during the six May 31, 2024 RSUs Unvested and outstanding as of November 30, 2023 976,226 Granted 634,513 Settled (658,281 ) Forfeited (75,250 ) Unvested and outstanding at May 31, 2024 877,208 Of the 658,281 restricted units issued, 68,940 units were returned to the Company in exchange for the Company paying for the payroll withholding taxes. For the six May 31, 2024 Stock Options The Company recorded stock-based compensation expense for options granted to its employees and directors of $0.9 million and $0.9 million during the six May 31, 2024 2023 three May 31, 2024 2023 May 31, 2024 Stock Option Valuation The fair value of stock options at the date of grant was estimated using the Black Scholes option pricing model. The assumptions that the Company used to determine the grant-date fair value of stock options granted for the six May 31, 2024 Risk free rate 4.10% Expected dividends $ — Expected volatility 75.75% Expected life (in years) 6.5 Market price of the Company’s common stock on date of grant $ 6.89 The following table summarizes option activity under the 2020 six May 31, 2024 Weighted-Average Stock Exercise Price Per Stock Options Option Outstanding, November 30, 2023 1,384,666 $ 7.12 Granted 199,500 6.89 Exercised (244,465 ) 2.20 Outstanding, May 31, 2024 1,339,701 $ 9.00 Exercisable, May 31, 2024 673,602 $ 9.41 Of the 244,465 shares issued upon exercise of options, 37,033 options were used due to cashless exercise.

Note 15 - Earnings Per Share

Note 15 - Earnings Per Share	6 Months Ended
Note 15 - Earnings Per Share	May 31, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	15. EARNINGS PER SHARE For the three six May 31, 2024 three six May 31, 2024 three six May 31, 2023 three six May 31, 2023 The following table sets forth the allocation of net income (loss) for the three six May 31, 2024 2023 For the Three Months Ended For the Six Months Ended May 31, May 31, 2024 2023 2024 2023 Net income (loss) $ 2,077 $ (1,116 ) $ 2,094 $ (3,269 ) Weighted-average number of shares used in computing net income (loss) per share, basic 22,728,500 21,866,260 22,383,769 21,863,263 Net income (loss) per share - basic $ 0.09 $ (0.05 ) $ 0.09 $ (0.15 ) Weighted-average number of shares used in computing net income (loss) per share, diluted 23,731,076 21,866,260 22,942,530 21,863,263 Net income (loss) per share - diluted $ 0.09 $ (0.05 ) $ 0.09 $ (0.15 ) The following table reconciles the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS for the three six May 31, 2024 2023 For the Three Months Ended For the Six Months Ended May 31, May 31, 2024 2023 2024 2023 Weighted-average common shares outstanding- basic 22,728,500 21,866,260 22,383,769 21,863,263 Assumed conversion of: Dilutive stock options 315,374 — 117,374 — Dilutive RSUs 687,202 — 441,387 — Weighted-average common share outstanding- diluted 23,731,076 21,866,260 22,942,530 21,863,263 The following potential common shares, presented based on amounts outstanding at each period end, were excluded from the calculation of diluted net loss per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect: For the Three Months Ended For the Six Months Ended May 31, May 31, 2024 2023 2024 2023 Options 36,000 1,514,416 452,166 1,514,416 RSUs — 1,254,266 224,513 1,254,266 Total 36,000 2,768,682 676,679 2,843,682

Note 16 - Related Party Transac

Note 16 - Related Party Transactions	6 Months Ended
Note 16 - Related Party Transactions	May 31, 2024
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	16. RELATED PARTY TRANSACTIONS The following transactions are in the normal course of operations and are measured at the amount of consideration established and agreed to by related parties. Amounts due to related parties are unsecured, non-interest bearing and due on demand. The Company terminated the royalty payments to the Company's former CTO in December 2021 November 30, 2022 November 30, 2023, The Company subleases office premises at its Massachusetts headquarters to a corporation owned and controlled by the Chief Executive Officer ("CEO") of the Company beginning July 1, 2020, no three six May 31, 2024 2023 Fusady is owned, in equal 25% shares, by four four three six May 31, 2024 three six May 31, 2023 May 31, 2024 November 30, 2023.

Note 17 - Leases

Note 17 - Leases	6 Months Ended
Note 17 - Leases	May 31, 2024
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	17. LEASES Operating Leases The Company has operating leases for real estate in the United States and South Africa and does not In 2019, August 2021, one February 29, 2028. The Company leases office and warehouse space in South Africa that expires in December 2024. The Company leases warehouse and manufacturing space in Fort Wayne, Indiana. The lease expires on July 31, 2025 August 2022, March 2024, The Company also leases office space in Las Vegas, Nevada, which expires on January 31, 2027 Certain of the Company’s leases contain options to renew and extend lease terms and options to terminate leases early. Reflected in the right-of-use asset and lease liability on the Company’s balance sheets are the periods provided by renewal and extension options that the Company is reasonably certain to exercise, as well as the periods provided by termination options that the Company is reasonably certain to not For the three six May 31, 2024 Three Months Ended Six Months Ended May 31, 2024 May 31, 2024 Lease Cost: Operating lease cost $ 243 $ 397 Other Information: Cash paid for amounts included in the measurement of operating lease liabilities $ 258 $ 426 Operating lease liabilities arising from obtaining right-of-use assets $ — $ — Operating Leases: Weighted-average remaining lease term (in years) 3.2 Weighted-average discount rate 9.6 % Future lease payments under non-cancelable operating leases as of May 31, 2024 are as follows (in thousands): Fiscal Year Ending November 30, 2024 (six months) $ 303 2025 523 2026 527 2027 394 2028 53 Total lease payments 1,800 Less: imputed interest 249 Present value of operating lease liabilities $ 1,551 Operating lease liabilities, current $ 552 Operating lease liabilities, non-current $ 999

Note 18 - Income Taxes

Note 18 - Income Taxes	6 Months Ended
Note 18 - Income Taxes	May 31, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	18. INCOME TAXES For the three May 31, 2024 three May 31, 2023 three May 31, 2024 2023 six May 31, 2024 six May 31, 2023 six May 31, 2024 2023

Note 19 - Commitments and Conti

Note 19 - Commitments and Contingencies	6 Months Ended
Note 19 - Commitments and Contingencies	May 31, 2024
Notes to Financial Statements
Commitments Disclosure [Text Block]	19. COMMITMENTS AND CONTINGENCIES Royalty Payment Pursuant to the Purchase and Sale Agreement, dated April 13, 2018, December 19, 2019, CO2 January 7, 2022, August 3, 2022, two January 7, 2022. June 2023, November 30, 2023. Legal Proceedings In the ordinary course of our business, the Company may may not may may

Note 20 - Segment and Geographi

Note 20 - Segment and Geographical Disclosures	6 Months Ended
Note 20 - Segment and Geographical Disclosures	May 31, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	20. SEGMENT AND GEOGRAPHICAL DISCLOSURES The CEO, who is also the Chief Operating Decision Maker, evaluates the entire business as a single entity, which includes reviewing financial information and making business decisions based on the overall results of the business. As such, the Company’s operations constitute a single operating segment and one The tables below summarize the Company’s revenue for the three six May 31, 2024 2023 Revenue: Three Months Ended U.S./Mexico South Africa Europe/South America/Asia Canada Total May 31, 2024 $ 18,659 $ 41 $ 1,015 $ 554 $ 20,269 May 31, 2023 10,004 178 1,082 244 11,508 Six Months Ended U.S. South Africa Europe/South America/Asia Canada Total May 31, 2024 $ 34,197 $ 104 $ 1,532 $ 1,090 $ 36,923 May 31, 2023 17,996 211 1,207 505 19,919

Note 21 - Financial Instruments

Note 21 - Financial Instruments	6 Months Ended
Note 21 - Financial Instruments	May 31, 2024
Notes to Financial Statements
Financial Instruments Disclosure [Text Block]	21. FINANCIAL INSTRUMENTS The Company is exposed to risks that arise from its use of financial instruments. This note describes the Company’s objectives, policies and processes for managing those risks and the methods used to measure them. i) Currency Risk The Company held its cash balances within banks in the U.S. in U.S. dollars and with banks in South Africa in U.S. dollars and South African rand. The Company’s operations are conducted in the U.S. and South Africa. The value of the South African rand against the U.S. dollar may During the six May 31, 2024 six May 31, 2024 2023 The Company’s South African subsidiary revenues, cost of goods sold, operating costs and capital expenditures are denominated in South African rand. Consequently, fluctuations in the U.S. dollar exchange rate against the South African rand increases the volatility of sales, cost of goods sold and operating costs and overall net earnings when translated into U.S. dollars. The Company is not not ii) Credit Risk Credit risk is the risk that one The Company is exposed to credit losses on accounts receivable balances. The Company uses a simplified approach to calculate a general provision for credit losses. An allowance is calculated for each aging “bucket,” based on the risk profile of that bucket. The Company revisits the reserve periodically, but no The Company loaned $1.6 million to Byrna LATAM, which was formed in January 2023

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	6 Months Ended
Insider Trading Arrangements	May 31, 2024 shares	May 31, 2024 shares
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]		5. OTHER INFORMATION. Insider Adoption or Termination of Trading Arrangements During the fiscal quarter ended May 31, 2024 none 10b5 1 10b5 1 408, Name & Title Date Adopted Character of Trading Arrangement ( 2 Aggregate Number of Shares of Common Stock to be Purchased or Sold Pursuant to Trading Arrangement Duration ( 3 Other Material Terms Date Terminated Northeast Industrial Partners LLP ( 1 April 8, 2024 Rule 10b5 1 Up to 100,000 December 31, 2024 N/A N/A 1. Bryan Ganz Chief Executive Officer not 16 2. The trading arrangement is intended to satisfy the affirmative defense of Rule 10b5 1 10b5 1 April 8, 2024. 3. Except as indicated by footnote and unless terminated or suspended, the Trading Arrangement permits transactions through and including the earlier to occur of (a) the completion of all sales or (b) the date listed in the table. The Trading Arrangement only permits transactions upon expiration of the applicable mandatory cooling-off period under the Rule. The Trading Arrangement also provides for automatic expiration on the date on which the broker receives notice of the death of Seller or of the commencement of any proceedings in respect of or triggered by Seller's bankruptcy or insolvency. Departure and Appointment of Officers On June 24, 2024, July 15, 2024. July 15, 2024. not
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Rule 10b5-1 Arrangement Adopted [Flag]	true
Trading Arrangement Adoption Date	April 8, 2024
Trading Arrangement, Securities Aggregate Available Amount	100,000	100,000
Trading Arrangement Expiration Date	December 31, 2024
Trading Arrangement, Individual Name	Bryan Ganz
Trading Arrangement, Individual Title	Chief Executive Officer

Note 9 - Revenue, Deferred Re_2

Note 9 - Revenue, Deferred Revenue and Accounts Receivable (Tables)	6 Months Ended
	May 31, 2024
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended Six Months Ended May 31, May 31, Distribution channel 2024 2023 2024 2023 Wholesale (dealer/distributors) $ 5,177 $ 4,669 $ 8,731 $ 6,968 E-commerce (direct to consumers) 15,092 6,839 28,192 12,951 Total $ 20,269 $ 11,508 $ 36,923 $ 19,919

Note 10 - Inventory (Tables)

Note 10 - Inventory (Tables)	6 Months Ended
Note 10 - Inventory (Tables)	May 31, 2024
Notes Tables
Schedule of Inventory, Current [Table Text Block]	May 31, November 30, 2024 2023 Raw materials $ 9,645 $ 7,543 Work in process 2,122 2,439 Finished goods 3,733 3,908 Total $ 15,500 $ 13,890

Note 11 - Property and Equipm_2

Note 11 - Property and Equipment (Tables)	6 Months Ended
Note 11 - Property and Equipment (Tables)	May 31, 2024
Notes Tables
Property, Plant and Equipment [Table Text Block]	May 31, November 30, 2024 2023 Computer equipment and software $ 814 $ 817 Furniture and fixtures 274 273 Leasehold improvements 990 989 Machinery and equipment 3,567 3,425 5,645 5,504 Less: accumulated depreciation 2,237 1,701 Total $ 3,408 $ 3,803

Note 12 - Intangible Assets (Ta

Note 12 - Intangible Assets (Tables)	6 Months Ended
Note 12 - Intangible Assets (Tables)	May 31, 2024
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	Balance at May 31, 2024 Balance at 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 $ 3,931 $ (850 ) $ 3,081 $ 3,931 $ (723 ) $ 3,208 Trademarks Indefinite 360 — 360 360 — 360 Customer List 2 70 (70 ) — 70 (55 ) 15 Total $ 4,361 $ (920 ) $ 3,441 $ 4,361 $ (778 ) $ 3,583
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Fiscal Year Ending November 30, 2024 (remaining six months) $ 128 2025 254 2026 254 2027 254 2028 254 Thereafter 1,937 Total $ 3,081

Note 13 - Accounts Payable an_2

Note 13 - Accounts Payable and Accrued Liabilities (Tables)	6 Months Ended
Note 13 - Accounts Payable and Accrued Liabilities (Tables)	May 31, 2024
Notes Tables
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	May 31, November 30, 2024 2023 Trade payables $ 6,450 $ 2,617 Accrued sales and use tax 362 834 Accrued people costs 1,763 2,173 Accrued professional fees 148 201 Other accrued liabilities 484 333 Total $ 9,207 $ 6,158

Note 14 - Stock-based Compens_2

Note 14 - Stock-based Compensation (Tables)	6 Months Ended
Note 14 - Stock-based Compensation (Tables)	May 31, 2024
Notes Tables
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Risk free rate 4.33 % Expected dividends $ — Expected volatility 33 % Expected life (in years) 2.7 Market price of the Company’s common stock on date of grant $ 6.03 Risk free rate 4.10% Expected dividends $ — Expected volatility 75.75% Expected life (in years) 6.5 Market price of the Company’s common stock on date of grant $ 6.89
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]	RSUs Unvested and outstanding as of November 30, 2023 976,226 Granted 634,513 Settled (658,281 ) Forfeited (75,250 ) Unvested and outstanding at May 31, 2024 877,208
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Weighted-Average Stock Exercise Price Per Stock Options Option Outstanding, November 30, 2023 1,384,666 $ 7.12 Granted 199,500 6.89 Exercised (244,465 ) 2.20 Outstanding, May 31, 2024 1,339,701 $ 9.00 Exercisable, May 31, 2024 673,602 $ 9.41

Note 15 - Earnings Per Share (T

Note 15 - Earnings Per Share (Tables)	6 Months Ended
Note 15 - Earnings Per Share (Tables)	May 31, 2024
Notes Tables
Schedule of Earnings Per Share, Basic, by Common Class, Including Two Class Method [Table Text Block]	For the Three Months Ended For the Six Months Ended May 31, May 31, 2024 2023 2024 2023 Net income (loss) $ 2,077 $ (1,116 ) $ 2,094 $ (3,269 ) Weighted-average number of shares used in computing net income (loss) per share, basic 22,728,500 21,866,260 22,383,769 21,863,263 Net income (loss) per share - basic $ 0.09 $ (0.05 ) $ 0.09 $ (0.15 ) Weighted-average number of shares used in computing net income (loss) per share, diluted 23,731,076 21,866,260 22,942,530 21,863,263 Net income (loss) per share - diluted $ 0.09 $ (0.05 ) $ 0.09 $ (0.15 )
Schedule of Weighted Average Number of Shares [Table Text Block]	For the Three Months Ended For the Six Months Ended May 31, May 31, 2024 2023 2024 2023 Weighted-average common shares outstanding- basic 22,728,500 21,866,260 22,383,769 21,863,263 Assumed conversion of: Dilutive stock options 315,374 — 117,374 — Dilutive RSUs 687,202 — 441,387 — Weighted-average common share outstanding- diluted 23,731,076 21,866,260 22,942,530 21,863,263
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	For the Three Months Ended For the Six Months Ended May 31, May 31, 2024 2023 2024 2023 Options 36,000 1,514,416 452,166 1,514,416 RSUs — 1,254,266 224,513 1,254,266 Total 36,000 2,768,682 676,679 2,843,682

Note 17 - Leases (Tables)

Note 17 - Leases (Tables)	6 Months Ended
Note 17 - Leases (Tables)	May 31, 2024
Notes Tables
Lease, Cost [Table Text Block]	Three Months Ended Six Months Ended May 31, 2024 May 31, 2024 Lease Cost: Operating lease cost $ 243 $ 397 Other Information: Cash paid for amounts included in the measurement of operating lease liabilities $ 258 $ 426 Operating lease liabilities arising from obtaining right-of-use assets $ — $ — Operating Leases: Weighted-average remaining lease term (in years) 3.2 Weighted-average discount rate 9.6 %
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	Fiscal Year Ending November 30, 2024 (six months) $ 303 2025 523 2026 527 2027 394 2028 53 Total lease payments 1,800 Less: imputed interest 249 Present value of operating lease liabilities $ 1,551 Operating lease liabilities, current $ 552 Operating lease liabilities, non-current $ 999

Note 20 - Segment and Geograp_2

Note 20 - Segment and Geographical Disclosures (Tables)	6 Months Ended
Note 20 - Segment and Geographical Disclosures (Tables)	May 31, 2024
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Revenue: Three Months Ended U.S./Mexico South Africa Europe/South America/Asia Canada Total May 31, 2024 $ 18,659 $ 41 $ 1,015 $ 554 $ 20,269 May 31, 2023 10,004 178 1,082 244 11,508 Six Months Ended U.S. South Africa Europe/South America/Asia Canada Total May 31, 2024 $ 34,197 $ 104 $ 1,532 $ 1,090 $ 36,923 May 31, 2023 17,996 211 1,207 505 19,919

Note 1 - Nature of Operations (

Note 1 - Nature of Operations (Details Textual)	May 31, 2024 ft²	Jan. 10, 2023
Number of Facilities	2
Byrna LATAM [Member]
Equity Method Investment, Ownership Percentage		51%
Byrna LATAM [Member] \| Fusady [Member]
Equity Method Investment, Ownership Percentage		49%
Fort Wayne, Indiana [Member]
Area of Real Estate Property (Square Foot)	30,000
Pretoria South Africa [Member]
Area of Real Estate Property (Square Foot)	20,000

Note 2 - Operations and Manag_2

Note 2 - Operations and Management Plans (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023	Nov. 30, 2023
Retained Earnings (Accumulated Deficit)	$ 67,481		$ 67,481		$ 69,575
Net Income (Loss) Attributable to Parent	$ 2,077	$ (1,116)	$ 2,094	$ (3,269)

Note 6 - Goodwill (Details Text

Note 6 - Goodwill (Details Textual) $ in Thousands	9 Months Ended
Note 6 - Goodwill (Details Textual) $ in Thousands	Aug. 31, 2023 USD ($)
Goodwill, Impairment Loss	$ 0

Note 7 - Investment in Joint _2

Note 7 - Investment in Joint Venture (Details Textual) - USD ($) $ in Thousands			1 Months Ended	2 Months Ended	3 Months Ended		6 Months Ended
	Jan. 31, 2023	Jan. 10, 2023	Jan. 31, 2023	May 31, 2024	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Payments to Acquire Equity Method Investments							$ 0	$ 520
Income (Loss) from Equity Method Investments					$ 62	$ (171)	20	(338)
Income (Loss) from Equity Method Investments					(62)	171	(20)	338
Interest Income, Financing Receivable, before Allowance for Credit Loss					$ 30		$ 60
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	Secured Overnight Financing Rate (SOFR) [Member]
Byrna LATAM [Member]
Loans and Leases Receivable, Related Parties	$ 1,600		$ 1,600
Loans Receivable, Basis Spread on Variable Rate	3%		3%
Financing Receivable, Interest Rate at Period End				8.30%	8.30%		8.30%
Financing Receivable, Term (Year)			5 years
Byrna LATAM [Member]
Equity Method Investment, Ownership Percentage		51%
Payments to Acquire Equity Method Investments		$ 500
Income (Loss) from Equity Method Investments				$ 100		(200)	$ 100	(300)
Income (Loss) from Equity Method Investments				$ (100)		$ 200	$ (100)	$ 300

Note 8 - Advertising Costs (Det

Note 8 - Advertising Costs (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Advertising Expense	$ 2.5	$ 0.6	$ 5.3	$ 1.5

Note 9 - Revenue, Deferred Re_3

Note 9 - Revenue, Deferred Revenue and Accounts Receivable (Details Textual) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	May 31, 2024	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023	Nov. 30, 2023	Nov. 30, 2022
Standard Product Warranty, Term (Year)		1 year
Extended Product Warranty, Term (Year)	3 years	3 years
Accounts Receivable, after Allowance for Credit Loss, Current	$ 1,635	$ 1,635		$ 1,635		$ 2,945	$ 5,900
Accounts Receivable, Allowance for Credit Loss	300	300		300		500	20
Contract with Customer, Liability	$ 1,500	1,500	$ 600	1,500	$ 600	$ 1,900	$ 800
Contract with Customer, Liability, Revenue Recognized		$ 100	$ 80	$ 200	$ 100

Note 9 - Revenue, Deferred Re_4

Note 9 - Revenue, Deferred Revenue and Accounts Receivable - Revenue Disaggregation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Revenues	$ 20,269	$ 11,508	$ 36,923	$ 19,919
Wholesale (Dealer/Distributors and Large End-Users) [Member]
Revenues	5,177	4,669	8,731	6,968
E-commerce [Member]
Revenues	$ 15,092	$ 6,839	$ 28,192	$ 12,951

Note 10 - Inventory - Summary o

Note 10 - Inventory - Summary of Inventory (Details) - USD ($) $ in Thousands	May 31, 2024	Nov. 30, 2023
Raw materials	$ 9,645	$ 7,543
Work in process	2,122	2,439
Finished goods	3,733	3,908
Total	$ 15,500	$ 13,890

Note 11 - Property and Equipm_3

Note 11 - Property and Equipment (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023	Nov. 30, 2023
Depreciation	$ 300	$ 200	$ 500	$ 400
Deposits Assets, Noncurrent	$ 1,706		$ 1,706		$ 1,163

Note 11 - Property and Equipm_4

Note 11 - Property and Equipment - Summary of Cost and Accumulated Depreciation (Details) - USD ($) $ in Thousands	May 31, 2024	Nov. 30, 2023
Property, plant and equipment, gross		$ 5,504
Less: accumulated depreciation		1,701
Total	$ 3,408	3,803
Minimum [Member]
Property, plant and equipment, gross	5,645
Less: accumulated depreciation	2,237
Total	3,408
Computer Equipment and Software [Member]
Property, plant and equipment, gross		817
Computer Equipment and Software [Member] \| Minimum [Member]
Property, plant and equipment, gross	814
Furniture and Fixtures [Member]
Property, plant and equipment, gross		273
Furniture and Fixtures [Member] \| Minimum [Member]
Property, plant and equipment, gross	274
Leasehold Improvements [Member]
Property, plant and equipment, gross		989
Leasehold Improvements [Member] \| Minimum [Member]
Property, plant and equipment, gross	990
Machinery and Equipment [Member]
Property, plant and equipment, gross		$ 3,425
Machinery and Equipment [Member] \| Minimum [Member]
Property, plant and equipment, gross	$ 3,567

Note 12 - Intangible Assets (De

Note 12 - Intangible Assets (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Amortization of Intangible Assets	$ 0.1	$ 0.1	$ 0.1	$ 0.1

Note 12 - Intangible Assets - C

Note 12 - Intangible Assets - Components of Intangible Assets (Details) - USD ($) $ in Thousands	May 31, 2024	Nov. 30, 2023
Intangible assets, gross carrying amount	$ 4,361	$ 4,361
Intangible assets, accumulated amortization	(920)	(778)
Intangible assets, net carrying amount	3,441	3,583
Trademarks [Member]
Intangible assets, gross carrying amount	360	360
Intangible assets, net carrying amount	360	360
Patents [Member]
Intangible assets, gross carrying amount	3,931	3,931
Intangible assets, accumulated amortization	(850)	(723)
Intangible assets, net carrying amount	$ 3,081	3,208
Patents [Member] \| Minimum [Member]
Finite lived intangible assets, useful life (Year)	10 years
Patents [Member] \| Maximum [Member]
Finite lived intangible assets, useful life (Year)	17 years
Customer Lists [Member]
Finite lived intangible assets, useful life (Year)	2 years
Intangible assets, gross carrying amount	$ 70	70
Intangible assets, accumulated amortization	(70)	(55)
Intangible assets, net carrying amount	$ 0	$ 15

Note 12 - Intangible Assets - E

Note 12 - Intangible Assets - Estimated Future Amortization Expense (Details) $ in Thousands	May 31, 2024 USD ($)
2024 (remaining six months)	$ 128
2025	254
2026	254
2027	254
2028	254
Thereafter	1,937
Total	$ 3,081

Note 13 - Accounts Payable an_3

Note 13 - Accounts Payable and Accrued Liabilities - Summary of Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Thousands	May 31, 2024	Nov. 30, 2023
Trade payables	$ 6,450	$ 2,617
Accrued sales and use tax	362	834
Accrued people costs	1,763	2,173
Accrued professional fees	148	201
Other accrued liabilities	484	333
Total	$ 9,207	$ 6,158

Note 14 - Stock-based Compens_3

Note 14 - Stock-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended		6 Months Ended
	May 31, 2024	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023	Jun. 17, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares)				244,465
Restricted Stock Units (RSUs), Excluding Time-based Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares)				600,000
Restricted Stock Units (RSUs) [Member]
Share-Based Payment Arrangement, Expense		$ 0.4	$ 1	$ 0.9	$ 2
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares)				634,513
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount	$ 1.9	$ 1.9		$ 1.9
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)				2 years
Stock Issued During Period, Shares, Restricted Stock Award, Gross (in shares)				658,281
Share-Based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in shares)				68,940
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures (in shares)				589,341
Restricted Stock Units (RSUs) [Member] \| Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage	33.33%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, 20 Day Volume Weighted Average Closing Price (in dollars per share)	$ 6	$ 6		$ 6
Restricted Stock Units (RSUs) [Member] \| Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage	33.33%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, 20 Day Volume Weighted Average Closing Price (in dollars per share)	$ 9	9		9
Restricted Stock Units (RSUs) [Member] \| Share-Based Payment Arrangement, Tranche Three [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage	33.33%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, 20 Day Volume Weighted Average Closing Price (in dollars per share)	$ 12	$ 12		$ 12
Restricted Stock Units (RSUs), Time-based [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)				81,656	9,805
Share-Based Payment Arrangement, Option [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)		1 year 8 months 12 days
Share-Based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in shares)				37,033
Share-Based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount	$ 2.5	$ 2.5		$ 2.5
The 2020 Equity Incentive Plan (2020 Plan) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)						3,800,000
Share-Based Payment Arrangement, Expense		0.9	1.5	1.8	$ 3
The 2020 Equity Incentive Plan (2020 Plan) [Member] \| Share-Based Payment Arrangement, Option [Member] \| Employees and Directors [Member]
Share-Based Payment Arrangement, Expense		$ 0.5	$ 0.5	$ 0.9	$ 0.9

Note 14 - Stock-based Compens_4

Note 14 - Stock-based Compensation - Valuation Assumptions (Details)	6 Months Ended
	May 31, 2024 $ / shares
Restricted Stock Units (RSUs) [Member]
Risk free rate	4.33%
Expected volatility	33%
Expected life (in years) (Year)	2 years 8 months 12 days
Market price of the Company’s common stock on date of grant (in dollars per share)	$ 6.03
Share-Based Payment Arrangement, Option [Member]
Risk free rate	4.10%
Expected volatility	75.75%
Expected life (in years) (Year)	6 years 6 months
Market price of the Company’s common stock on date of grant (in dollars per share)	$ 6.89
Expected dividends	0%

Note 14 - Stock-based Compens_5

Note 14 - Stock-based Compensation - Summary of RSU Activity (Details) - Restricted Stock Units (RSUs) [Member]	6 Months Ended
	May 31, 2024 shares
Unvested and outstanding, RSU (in shares)	976,226
Granted, RSU (in shares)	634,513
Settled, RSU (in shares)	(658,281)
Forfeited, RSU (in shares)	(75,250)
Unvested and outstanding, RSU (in shares)	877,208

Note 14 - Stock-based Compens_6

Note 14 - Stock-based Compensation - Summary of Stock Option Activity (Details) - $ / shares	6 Months Ended
	May 31, 2024
Outstanding, stock options (in shares)	1,384,666
Outstanding, weighted-average exercise price per stock option (in dollars per share)	$ 7.12
Granted, stock options (in shares)	199,500
Granted, weighted-average exercise price per share (in dollars per share)	$ 6.89
Exercised, stock options (in shares)	(244,465)
Exercised, weighted-average exercise price per share (in dollars per share)	$ (2.2)
Outstanding, stock options (in shares)	1,339,701
Outstanding, weighted-average exercise price per stock option (in dollars per share)	$ 9
Exercisable, stock options (in shares)	673,602
Exercisable, weighted-average exercise price per share (in dollars per share)	$ 9.41

Note 15 - Earnings Per Share -

Note 15 - Earnings Per Share - Allocation of Net Income (Loss) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Net income (loss) for the period	$ 2,077	$ (1,116)	$ 2,094	$ (3,269)
Weighted-average number of common shares outstanding - basic (in shares)	22,728,500	21,866,260	22,383,769	21,863,263
Basic net income (loss) per share (in dollars per share)	$ 0.09	$ (0.05)	$ 0.09	$ (0.15)
Weighted-average number of common shares outstanding - diluted (in shares)	23,731,076	21,866,260	22,942,530	21,863,263
Diluted net income (loss) per share (in dollars per share)	$ 0.09	$ (0.05)	$ 0.09	$ (0.15)

Note 15 - Earnings Per Share _2

Note 15 - Earnings Per Share - Weighted-average Number of Shares Outstanding Reconciliation (Details) - shares	3 Months Ended		6 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Weighted-average number of common shares outstanding - basic (in shares)	22,728,500	21,866,260	22,383,769	21,863,263
Dilutive stock options (in shares)	315,374	0	117,374	0
Dilutive RSUs (in shares)	687,202	0	441,387	0
Weighted-average common share outstanding- diluted (in shares)	23,731,076	21,866,260	22,942,530	21,863,263

Note 15 - Earnings Per Share _3

Note 15 - Earnings Per Share - Summary of Antidilutive Securities (Details) - shares	3 Months Ended		6 Months Ended	15 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Antidilutive securities (in shares)	36,000	2,768,682	676,679	2,843,682
Share-Based Payment Arrangement, Option [Member]
Antidilutive securities (in shares)	36,000	1,514,416	452,166	1,514,416
Restricted Stock Units (RSUs) [Member]
Antidilutive securities (in shares)	0	1,254,266	224,513	1,254,266

Note 16 - Related Party Trans_2

Note 16 - Related Party Transactions (Details Textual) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 07, 2023	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023	Nov. 30, 2023	Nov. 30, 2022
Each of Four Individual Investors [Member] \| Fusady [Member]
Subsidiary, Ownership Percentage, Noncontrolling Owner		25%		25%
Each of Four Individual Investors [Member] \| Bersa S.A [Member]
Subsidiary, Ownership Percentage, Noncontrolling Owner		25%		25%
Bersa S.A [Member]
Accounts Receivable, after Allowance for Credit Loss		$ 0		$ 0		$ 1,600
Bersa S.A [Member] \| Related Party [Member]
Revenues		$ 100	$ 50	$ 100	$ 100
Restricted Stock Units (RSUs) [Member] \| Chief Technology Officer [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)							200,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Accelerated Vesting, Number (in shares)	200,000					200,000
Share-Based Payment Arrangement, Accelerated Cost						$ 500

Note 17 - Leases (Details Textu

Note 17 - Leases (Details Textual)	3 Months Ended
Note 17 - Leases (Details Textual)	May 31, 2024
Wilmington/Andover, Massachusetts [Member]
Lease Expiration Date	Feb. 29, 2028
Fort Wayne, Indiana [Member] \| Former Fort Wayne Facility Member
Lease Expiration Date	Jul. 31, 2025
Las Vegas, Nevada [Member]
Lease Expiration Date	Jan. 31, 2027

Note 17 - Leases - Elements of

Note 17 - Leases - Elements of Lease Expense (Details) $ in Thousands	3 Months Ended	6 Months Ended
	May 31, 2024 USD ($)	May 31, 2024 USD ($)
Operating lease cost	$ 243	$ 397
Cash paid for amounts included in the measurement of operating lease liabilities	258	426
Operating lease liabilities arising from obtaining right-of-use assets	$ 0	$ 0
Operating Leases, Weighted-average remaining lease term (Year)	3 years 2 months 12 days	3 years 2 months 12 days
Weighted-average discount rate	9.60%	9.60%

Note 17 - Leases - Future Lease

Note 17 - Leases - Future Lease Payments Under Non-cancelable Operating Leases (Details) - USD ($) $ in Thousands	May 31, 2024	Nov. 30, 2023
2024 (six months)	$ 303
2025	523
2026	527
2027	394
2028	53
Total lease payments	1,800
Less: imputed interest	249
Present value of operating lease liabilities	1,551
Operating lease liabilities, current	552	$ 644
Operating lease liabilities, non-current	$ 999	$ 1,258

Note 18 - Income Taxes (Details

Note 18 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Income Tax Expense (Benefit)	$ 3	$ 17	$ 3	$ (41)
Effective Income Tax Rate Reconciliation, Percent	0.10%	1.60%	0.20%	(1.30%)
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%

Note 19 - Commitments and Con_2

Note 19 - Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands			3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 07, 2023	Apr. 13, 2018	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023	Nov. 30, 2023	Jan. 07, 2022
Restricted Stock Units (RSUs) [Member]
Share-Based Payment Arrangement, Expense			$ 400	$ 1,000	$ 900	$ 2,000
Restricted Stock Units (RSUs) [Member] \| Chief Technology Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)								200,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Accelerated Vesting, Number (in shares)	200,000						200,000
Share-Based Payment Arrangement, Expense							$ 1,000
Fintail Projectiles [Member]
Initial Royalty, Percentage of Net Price		4%
Andre Buys [Member]
Other Commitment, to be Paid, Year One		$ 30

Note 20 - Segment and Geograp_3

Note 20 - Segment and Geographical Disclosures (Details Textual)	3 Months Ended
	May 31, 2024
Number of Reportable Segments	1

Note 20 - Segment and Geograp_4

Note 20 - Segment and Geographical Disclosures - Summary of Revenue, Long-lived Assets and Total Assets by Geographical Region (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Revenue	$ 20,269	$ 11,508	$ 36,923	$ 19,919
UNITED STATES
Revenue	18,659	10,004	34,197	17,996
SOUTH AFRICA
Revenue	41	178	104	211
Europe/South America/Asia [Member]
Revenue	1,015	1,082	1,532	1,207
CANADA
Revenue	$ 554	$ 244	$ 1,090	$ 505

Note 21 - Financial Instrumen_2

Note 21 - Financial Instruments (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023	Jan. 31, 2023
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	$ 144	$ (641)	$ 29	$ (1,226)
US Tax Rate Percentage of Fluctuation	10%
Byrna LATAM [Member]
Loans and Leases Receivable, Related Parties					$ 1,600
SOUTH AFRICA
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent			$ 30	$ (1,200)