Significant Accounting Policies (Policies) | 12 Months Ended |
Nov. 30, 2024 |
Accounting Policies [Abstract] | |
Use of Estimates, Policy [Policy Text Block] | a) Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Future events and their effects cannot be determined with certainty. Therefore, the determination of estimates requires the exercise of judgment. Actual results could differ from those estimates, and any such differences may |
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | b) Goodwill Goodwill resulting from a business combination is not not not, not In accordance with Accounting Standards Codification (ASC) 350, third November 30, 2024, fourth not may The Company assesses goodwill for impairment at the reporting unit level, which is defined as an operating segment or one November 30, 2024 2023, |
Equity Method Investments [Policy Text Block] | c) Investment in Joint Venture Investments in equity method investees are those for which the Company has the ability to exercise significant influence or exercise joint control with other investors but does not not In January 2023, not not August 19, 2024, 6 , November 30, 2024 November 30, 2023, November 30, 2024 2023 |
Cash and Cash Equivalents, Policy [Policy Text Block] | d) Cash and Cash Equivalents Cash and cash equivalents include bank deposits and short-term, highly liquid investments. Investments acquired with maturity dates of three |
Marketable Securities, Policy [Policy Text Block] | e) Marketable Debt Securities The Company considers debt securities acquired with maturities of greater than 90 one |
Accounts Receivable [Policy Text Block] | f) Allowance for Expected Credit Losses The Company estimates the balance of its allowance for expected credit losses. In determining the amount of the allowance for credit losses, the Company considers historical collectability based on past due status and makes judgments about the creditworthiness of customers based on ongoing credit evaluations. The Company also considers customer-specific information, current market conditions, and reasonable and supportable forecasts of future economic conditions. Account balances are written off against the allowance when it is determined that the receivable will not November 30, 2024, 2023, 2022, |
Inventory, Policy [Policy Text Block] | g) Inventories Inventories, which are principally comprised of raw materials and finished goods, are stated at the lower of cost or net realizable value. Cost is determined on a standard cost basis that approximates the first first |
Property, Plant and Equipment, Policy [Policy Text Block] | h) Property and Equipment Property and equipment are recorded at cost and reflected net of accumulated depreciation and amortization. Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets, primarily three seven three seven |
Intangible Assets, Finite-Lived, Policy [Policy Text Block] | i) Intangible Assets The perpetual, irrevocable, exclusive and non-exclusive permit to use technology with respect to the cost of patent rights is capitalized and amortized over the estimated useful life, currently estimated to be 10 to 17 years. Customer list acquired is amortized over the estimated useful life of two Indefinite-lived intangible assets are tested for impairment annually during the fourth not November 30, 2024 2023, no |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | j) Impairment of Long-Lived Assets Long-lived assets to be held and used are analyzed for impairment whenever events or changes in circumstances indicate that the related carrying amounts may not not November 30, 2024 2023 |
Fair Value of Financial Instruments, Policy [Policy Text Block] | k) Fair Value of Financial Instruments The Company determines fair value based on its accounting policy for fair value measurement (i.e. exit price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date). See note 4 not 2 |
Lessee, Leases [Policy Text Block] | l) Leases The Company determines if an arrangement is a lease at inception by assessing whether the arrangement contains an identified asset and whether it has the right to control the identified asset. Right-of-use (ROU) assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Lease liabilities are recognized at the lease commencement date based on the present value of future lease payments over the lease term. ROU assets are based on the measurement of the lease liability and also include any lease payments made prior to or on lease commencement and exclude lease incentives and initial direct costs incurred, as applicable. As the implicit rate in the Company’s leases is generally unknown, the Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The lease terms may The Company has elected to not not 12 not |
Revenue from Contract with Customer [Policy Text Block] | m) Revenue Recognition Product Sales The Company generates revenue through the wholesale distribution of its products and accessories to dealers/distributors, large end-users such as retail stores, security companies and law enforcement agencies, and through e-commerce portals to consumers. Revenue is recognized upon transfer of control of goods to the customer, which generally occurs when title to goods is passed and risk of loss transfers to the customer. Depending on the contract terms, transfer of control is upon shipment of goods to or upon the customer’s pick-up of the goods. Payment terms to customers other than e-commerce customers are generally 30 60 first one three 3 first second third second third The Company also provides to its e-commerce consumers a 14 14 14 November 30, 2024 2023 The Company sells to dealers and retailers for whom there is no may may November 30, 2024 2023 The Company accounts for shipping and handling activities related to contracts with customers as costs to fulfill the promise to transfer the associated products. Shipping and handling costs associated with the distribution of finished products to customers, are recorded in operating expenses in the accompanying Consolidated Statements of Operations and Comprehensive Income (Loss) and are recognized when the product is shipped to the customer. Included as cost of goods sold are costs associated with the production and procurement of products, such as labor and overhead, inbound freight costs, manufacturing depreciation, purchasing and receiving costs, and inspection costs. Contract Liabilities Current deferred revenue for the years ended November 30, 2024 2023 $0.1 |
Advertising Cost [Policy Text Block] | n) Marketing and Advertising Marketing and advertising related costs are expensed as incurred and are included in operating expenses in the accompanying Consolidated Statements of Operations and Comprehensive Income (Loss) and were $12.4 million and $4.6 million during the years ended November 30, 2024 2023 |
Research and Development Expense, Policy [Policy Text Block] | o) Research and Development Research and development (“R&D”) costs are expensed as incurred and are included in operating expenses in the accompanying Consolidated Statements of Operations and Comprehensive Income (Loss). R&D costs were $0.6 million and $0.6 million during the years ended November 30, 2024 2023 |
Income Tax, Policy [Policy Text Block] | p) Incomes Taxes The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, the Company determines deferred tax assets and liabilities on the basis of the differences between the financial statement and tax bases of assets and liabilities by using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. Deferred tax assets are recognized to the extent the Company believes that these assets are more likely than not The Company records uncertain tax positions on the basis of a two 1 not 2 not 50 not may November 30, 2024 2023 not If incurred, the Company recognizes interest and penalties related to income taxes on the income tax expense line in the accompanying Consolidated Statement of Operations and Comprehensive Income (Loss). As of November 30, 2024 2023 The Company files tax returns as prescribed by the tax laws of the jurisdictions in which it operates. In the normal course of business, the Company is subject to examination by federal and state jurisdictions, where applicable. There are currently no November 30, 2020 not |
Earnings Per Share, Policy [Policy Text Block] | q) Earnings (Loss) Per Share Basic earnings (loss) per share is computed by dividing net income (loss), reduced by dividends, by the weighted-average number of common shares outstanding for the year. Diluted earnings (loss) per share is computed by dividing net income (loss), reduced by dividends, by the weighted-average number of common shares outstanding plus common stock equivalents (if dilutive) related to stock options and restricted stock units. |
Share-Based Payment Arrangement [Policy Text Block] | r) Stock-Based Compensation The Company accounts for all stock-based payment awards granted to employees and directors as stock-based compensation expense at their grant date fair value, which the Company uses Black-Scholes valuations, Monte Carlo models, and other market valuations to determine fair value. The Company’s stock-based payments include stock options and restricted stock units. The measurement date for employee awards is the date of grant, and stock-based compensation costs are recognized as expense over the employees’ requisite service period, on a straight-line basis. The measurement date for director awards is the date of grant and stock-based compensation costs for non-employees are recognized as expense over the vesting period on a straight-line basis. Stock-based compensation is classified in the accompanying Statements of Operations and Comprehensive Income (Loss) based on the function to which the related services are provided, which is included in operating expenses in the accompanying Consolidated Statements of Operations and Comprehensive Income (Loss). Forfeitures are accounted for as they occur. The fair value of each stock option grant is estimated on the date of grant by using either the Black-Scholes or the quoted stock price on the date of grant, unless the awards are subject to market conditions in which case the Company uses the Monte Carlo simulation model. Due to the Company’s limited history, the expected term of the Company’s stock options granted to employees has been determined utilizing the method as prescribed by the Security and Exchange Commission's Staff Accounting Bulletin, Topic 14. not |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | s) Foreign Currency Transactions Foreign currency transactions are transactions denominated in a currency other than a subsidiary’s functional currency. A change in the exchange rates between a subsidiary’s functional currency and the currency in which a transaction is denominated increases or decreases the expected amount of functional currency cash flows upon settlement of the transaction. That increase or decrease in expected functional currency cash flows is recorded as foreign currency transaction income (loss), in the accompanying Consolidated Statements of Operations and Comprehensive Income (Loss). t) Foreign Currency Translation The Company maintains its books and records in US Dollars, which is its functional and reporting currency. Assets and liabilities of the Company’s international subsidiaries in which the local currency is the functional currency are translated into US Dollars at period-end exchange rates. Income and expenses are translated into US Dollars at the average exchange rates during the period. The resulting translation adjustments, including adjustments on intercompany loans that are considered permanent, are included in the Company’s Consolidated Balance Sheets as a component of accumulated other comprehensive loss. The Company considers intercompany loans to be of a permanent or long-term nature if management expects and intends that the loans will not November 30, 2024 2023, November 30, 2024 2023. |
Comprehensive Income, Policy [Policy Text Block] | u) Other Comprehensive Income (Loss) Other comprehensive income (loss) consists of foreign currency translation adjustments and unrealized gains or losses on available for sale securities. For the fiscal years ended November 30, 2024 2023, November 30, 2024, November 30, 2023 |
Fair Value Measurement, Policy [Policy Text Block] | v) Fair Value Measurement The Company follows a consistent framework for measuring fair value and expands disclosure for each major asset and liability category measured at fair value on either a recurring or nonrecurring basis. Fair value is an exit price, representing the amount that would be received to sell an asset or paid to settle a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, a three ● Level 1 ● Level 2 1 ● Level 3 |
New Accounting Pronouncements, Policy [Policy Text Block] | w) Recent Accounting Pronouncements The Company considers the applicability and impact of all Accounting Standards Updates ("ASUs"). ASUs not not Recently Adopted Accounting Pronouncement In 2016, 2016 13, 326 2016 13 December 1, 2023, not In January 2017, 2017 04, 350 2017 04” 2 2017 04 December 1, 2023, not Accounting Pronouncements Issued but Not The FASB also issued ASU 2023 07: 280 December 15, 2023, 2023 07 not In 2023, 2023 09, 740 December 15, 2024. 2023 09 In March 2024, 2024 03, 220 40 December 15, 2024, 2024 03 not In January 2025, 2025 01, 220 40 2024 03. December 15, 2024, 2025 01 |