Note 24 - Subsequent Events
|12 Months Ended|
Nov. 30, 2021
|Notes to Financial Statements|
|Subsequent Events [Text Block]||
On December 5, 2021, the Board of Directors approved a stock repurchase program. Under this program, the Company may repurchase up to $30.0 million of its common stock over the nextyears. The repurchase program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. The repurchase program does not obligate the Company to purchase any particular number of shares and may be suspended, terminated or modified at any time for any reason.
The Company entered into a lease for office space in Las Vegas, Nevada. The lease commencement date is December 1, 2021 and the lease expires in January 2027. Base rent is approximately $0.004 million per month, subject to annual increases. The Company also entered into an additional lease for warehouse space in Fort Wayne, Indiana. The lease commencement date is April 1, 2022. The lease expires in March 2027. Base rent is approximately $0.02 million per month, subject to annual increases.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef