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Income Statement

v3.21.2
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2021
Aug. 31, 2020
Aug. 31, 2021
Aug. 31, 2020
Net revenue $ 8,703 $ 4,198 $ 30,997 $ 5,537
Cost of goods sold (3,815) (2,069) (13,807) (2,926)
Gross profit 4,888 2,129 17,190 2,611
Operating expenses 6,692 2,686 17,382 5,644
LOSS FROM OPERATIONS (1,804) (557) (192) (3,033)
OTHER INCOME (EXPENSE)        
Foreign currency transaction gain (loss) (115) (9) 78 (19)
Accretion of debt discounts 0 0 0 (755)
Interest income (expense) 13 0 (24) (233)
Loss on extinguishment of debt 0 0 0 (6,027)
Warrant inducement expense 0 0 0 (845)
Other income - forgiveness of Paycheck Protection Program loan 0 0 190 0
Other financing costs (9) 0 (18) 0
(LOSS) INCOME BEFORE INCOME TAXES (1,915) (566) 34 (10,912)
Income tax (benefit) provision (74) 0 109 0
NET LOSS (1,841) (566) (75) (10,912)
Foreign exchange translation (loss) gain for the period (55) 20 123 116
COMPREHENSIVE (LOSS) INCOME (1,896) (546) 48 (10,796)
NET LOSS AVAILABLE TO COMMON SHAREHOLDERS $ (1,841) $ (566) $ (1,118) $ (10,912)
Net loss per share – basic and diluted (in dollars per share) $ (0.08) $ (0.04) $ (0.06) $ (0.91)
Weighted-average number of common shares outstanding - basic and diluted (in shares) 22,047,571 13,493,676 18,269,360 12,015,065

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