Note 20 - Income Taxes |
6 Months Ended | ||
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May 31, 2022 | |||
| Notes to Financial Statements | |||
| Income Tax Disclosure [Text Block] |
For the three months ended May 31, 2022 and 2021, the Company recorded an income tax expense of $0.1 million and $0.2 million, respectively. For the three months ended May 31, 2022 and 2021, the effective tax rate was -1.6% and 0%, respectively. For the six months ended May 31, 2022 and 2021, the Company recorded an income tax benefit of $0.1 million and an income tax expense of $0.2 million, respectively. For the six months ended May 31, 2022 and 2021 the effective tax rate was 1.1% and 0%, respectively. The Company’s tax rate differs from the statutory rate of 21.0% due to the effects of state taxes net of federal benefit, the foreign tax rate differential as a result of Byrna South Africa, effects of permanent non-deductible expenses, the recording of a valuation allowance against the deferred tax assets generated in the current period, and other effects.
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- References No definition available.
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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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