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Income Statement

v3.22.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Feb. 28, 2022
Feb. 28, 2021
Net revenue $ 7,977 $ 8,893
Cost of goods sold 3,363 4,153
Gross profit 4,614 4,740
Operating expenses 8,023 5,151
LOSS FROM OPERATIONS (3,409) (411)
OTHER INCOME (EXPENSE)    
Foreign currency transaction gain (loss) 178 (22)
Interest income (expense) 1 (27)
Other income - forgiveness of Paycheck Protection Program loan 0 190
Other expenses (111) (2)
LOSS BEFORE INCOME TAXES (3,341) (272)
Income tax benefit 120 0
NET LOSS (3,221) (272)
Foreign currency translation adjustment for the period 6 58
COMPREHENSIVE LOSS $ (3,215) $ (214)
Net loss per share – basic and diluted (in dollars per share) $ 0.14 $ 0.02
Weighted-average number of common shares outstanding - basic and diluted (in shares) 23,790,382 14,886,721

Source