| Schedule of deferred revenue |
Changes
in deferred revenue, which relate to unfulfilled e-commerce orders and amounts to be recognized under extended 3-year service warranties,
for the six months ended May 31, 2021 and the year ended November 30, 2020, are summarized below (in thousands).
| |
|
May
31, 2021 |
|
|
November
30, 2020 |
|
| Deferred revenue
balance, beginning of period |
|
$ |
4,902 |
|
|
$ |
11 |
|
| Net additions to deferred
revenue during the period |
|
|
18,100 |
|
|
|
18,826 |
|
| Reductions
in deferred revenue for revenue recognized during the period |
|
|
(21,327 |
) |
|
|
(13,935 |
) |
| Deferred
revenue balance, end of period |
|
$ |
1,675 |
|
|
$ |
4,902 |
|
|
| The associated performance obligations are expected to
be satisfied during the year ended November 30, 2021. |
| |
|
Deferred
Revenue |
|
| Deferred revenue
balance, November 30, 2018 |
|
$ |
— |
|
| Net
additions to deferred revenue |
|
|
10,842 |
|
| Deferred revenue
balance, November 30, 2019 |
|
|
10,842 |
|
| Net additions to
deferred revenue |
|
|
18,825,995 |
|
| Reductions
in deferred revenue for revenue recognized during the fiscal year |
|
|
(13,934,750 |
) |
| Deferred
revenue balance, November 30, 2020 |
|
$ |
4,902,087 |
|
| Schedule of revenue disaggregation |
|
The
following table presents disaggregation of the Company’s revenue by product type and distribution channel (in thousands):
|
| |
|
Three
Months Ended
May 31, |
|
|
Six
Months Ended
May 31, |
|
| Product
type |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
| Byrna®
HD |
|
$ |
13,356 |
|
|
$ |
1,100 |
|
|
$ |
22,249 |
|
|
$ |
1,227 |
|
| 40mm |
|
|
45 |
|
|
|
90 |
|
|
|
45 |
|
|
|
112 |
|
| Total |
|
$ |
13,401 |
|
|
$ |
1,190 |
|
|
$ |
22,294 |
|
|
$ |
1,339 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three
Months Ended
May 31, |
|
|
Six
Months Ended
May 31, |
|
| Distribution
channel |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
| Wholesale (dealer/distributors and large end-users) |
|
$ |
2,107 |
|
|
$ |
356 |
|
|
$ |
3,776 |
|
|
$ |
290 |
|
| E-commerce |
|
|
11,294 |
|
|
|
834 |
|
|
|
18,518 |
|
|
|
1,049 |
|
| Total |
|
$ |
13,401 |
|
|
$ |
1,190 |
|
|
$ |
22,294 |
|
|
$ |
1,339 |
|
|
The
following table presents disaggregation of the Company’s revenue by product type and distribution channel:
| |
|
Years
Ended
November 30, |
|
| Product
type |
|
2020 |
|
|
2019 |
|
| Byrna®
HD |
|
$ |
16,322,482 |
|
|
$ |
850,404 |
|
| 40mm |
|
|
243,813 |
|
|
|
74,015 |
|
| Total |
|
$ |
16,566,295 |
|
|
$ |
924,419 |
|
| |
|
Years
Ended
November 30, |
|
| Distribution
channel |
|
2020 |
|
|
2019 |
|
| Wholesale
(dealer/distributors and large end-users) |
|
$ |
2,952,825 |
|
|
$ |
602,838 |
|
| E-commerce |
|
|
13,613,470 |
|
|
|
321,581 |
|
| Total |
|
$ |
16,566,295 |
|
|
$ |
924,419 |
|