Byrna Technologies Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Property and Equipment

Note 9 - Property and Equipment

6 Months Ended

May 31, 2022

Property, Plant and Equipment Disclosure [Text Block]

9.	PROPERTY AND EQUIPMENT

The following table summarizes cost and accumulated depreciation as of May 31, 2022 and November 30, 2021, respectively (in thousands):

	*May 31,*		*November 30,*
	*2022*		*2021*
Computer equipment and software	$	331	$	275
Furniture and fixtures		328		208
Leasehold improvements		606		157
Machinery and equipment		1,793		1,738
		3,058		2,378
Less: accumulated depreciation		568		406
Total	$	2,490	$	1,972

The Company recognized approximately $0.3 million in depreciation expense during the six months ended May 31, 2022 and 2021 and $0.09 million is presented in the operating expenses in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Loss. The remaining $0.1 million of depreciation expense is for production machinery and is within cost of goods sold in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Loss. The Company recognized approximately $0.1 million in depreciation expense during the three months ended May 31, 2022 and 2021.

At May 31, 2022 and November 30, 2021, the Company had deposits of $2.5 million and $1.3 million, respectively, with vendors primarily for supply of machinery (molds) and equipment where the vendors have not completed the supply of these assets and is presented as Deposits for equipment in the Condensed Consolidated Balance Sheets.