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

Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Property and Equipment

Note 11 - Property and Equipment

6 Months Ended

May 31, 2024

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

11.

PROPERTY AND EQUIPMENT

The following table summarizes cost and accumulated depreciation (in thousands):

	*May 31,*		*November 30,*
	*2024*		*2023*
Computer equipment and software	$	814	$	817
Furniture and fixtures		274		273
Leasehold improvements		990		989
Machinery and equipment		3,567		3,425
		5,645		5,504
Less: accumulated depreciation		2,237		1,701
Total	$	3,408	$	3,803

The Company recognized $0.5 million and $0.4 million in depreciation expense during the six months ended May 31, 2024 and 2023, respectively. The Company recognized $0.3 million and $0.2 million in depreciation expense during the three months ended May 31, 2024 and 2023, respectively. Depreciation expense is presented in the operating expenses and within cost of goods sold in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Income (Loss).

At May 31, 2024 and November 30, 2023, the Company had deposits of $1.7 million and $1.2 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.