Quarterly report [Sections 13 or 15(d)]

Note 22 - Segment and Geographical Disclosures (Tables)

v3.26.1
Note 22 - Segment and Geographical Disclosures (Tables)
6 Months Ended
May 31, 2026
Notes Tables  
Segment Reporting [Table Text Block]

Revenue:

                                       

Three Months Ended

 

U.S./Mexico

   

South Africa

   

Europe/South America/Asia

   

Canada

   

Total

 

May 31, 2026

  $ 15,190     $ 1     $ 555     $ 641     $ 16,387  

May 31, 2025

  $ 25,037     $ 283     $ 2,872     $ 313     $ 28,505  

Six Months Ended

 

U.S./Mexico

   

South Africa

   

Europe/South America/Asia

   

Canada

   

Total

 

May 31, 2026

  $ 42,869     $ 1     $ 1,200     $ 1,366     $ 45,436  

May 31, 2025

  $ 49,155     $ 458     $ 4,178     $ 904     $ 54,695  

Total Assets

 

US

   

South Africa

   

Canada

   

Total

 

May 31, 2026

  $ 65,324     $ 2,824     $ 269     $ 68,417  

November 30, 2025

  $ 80,160     $ 3,990     $ 338     $ 84,488  
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Table Text Block]

Long-lived assets

 

US

   

South Africa

   

Total

 

May 31, 2026

  $ 9,241     $ 17     $ 9,258  

November 30, 2025

  $ 14,256     $ 93     $ 14,349  
Segment Reporting, Reconciliation of Revenue by Segment to Consolidated [Table Text Block]
   

Three Months Ended

 
   

May 31, 2026

 
                         
   

DTC

   

Wholesale

   

Total

 

Revenue

  $ 10,999     $ 5,388     $ 16,387  

COS

    8,103       6,501       14,604  

Gross Margin

  $ 2,896     $ (1,113 )   $ 1,783  

Gross Margin %

    26.3 %     -20.7 %     10.9 %
                         

Operating Expenses

          $ 14,629     $ 14,629  
                         

Profit from operations

                  $ (12,846 )

Operating Margin %

                    -78.4 %
   

Six Months Ended

 
   

May 31, 2026

 
                         
   

DTC

   

Wholesale

   

Total

 

Revenue

  $ 29,120     $ 16,316     $ 45,436  

COS

    14,373       11,879       26,252  

Gross Margin

  $ 14,747     $ 4,437     $ 19,184  

Gross Margin %

    50.6 %     27.2 %     42.2 %
                         

Operating Expenses

          $ 31,102     $ 31,102  
                         

Profit from operations

                  $ (11,918 )

Operating Margin %

                    -26.2 %
   

Three Months Ended

 
   

May 31, 2025

 
                         
   

DTC

   

Wholesale

   

Total

 

Revenue

  $ 16,840     $ 11,665     $ 28,505  

COS

    5,666       5,275       10,941  

Gross Margin

  $ 11,174     $ 6,390     $ 17,564  

Gross Margin %

    66.4 %     54.8 %     61.6 %
                         

Operating Expenses

          $ 14,238     $ 14,238  
                         

Profit from operations

                  $ 3,326  

Operating Margin %

                    11.7 %
   

Six Months Ended

 
   

May 31, 2025

 
                         
   

DTC

   

Wholesale

   

Total

 

Revenue

  $ 36,703     $ 17,992     $ 54,695  

COS

    12,582       8,625       21,207  

Gross Margin

  $ 24,121     $ 9,367     $ 33,488  

Gross Margin %

    65.7 %     52.1 %     61.2 %
                         

Operating Expenses

          $ 28,466     $ 28,466  
                         

Profit from operations

                  $ 5,022  

Operating Margin %

                    9.2 %