Balance Sheet

v3.24.3

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Aug. 31, 2024	Nov. 30, 2023
CURRENT ASSETS
Cash and cash equivalents	$ 20,077	$ 20,498
Accounts receivable, net	2,128	2,945
Inventory, net	19,797	13,890
Prepaid expenses and other current assets	1,983	868
Total current assets	43,985	38,201
LONG TERM ASSETS
Intangible assets, net	3,401	3,583
Deposits for equipment	1,927	1,163
Right-of-use asset, net	2,404	1,805
Property and equipment, net	3,481	3,803
Goodwill	2,258	2,258
Loan to joint venture	0	1,473
Other assets	1,548	28
TOTAL ASSETS	59,004	52,314
CURRENT LIABILITIES
Accounts payable and accrued liabilities	11,124	6,158
Operating lease liabilities, current	596	644
Deferred revenue, current	818	1,844
Total current liabilities	12,538	8,646
LONG TERM LIABILITIES
Deferred revenue, non-current	28	91
Operating lease liabilities, non-current	1,899	1,258
Total liabilities	14,465	9,995
COMMITMENTS AND CONTINGENCIES (NOTE 19)
STOCKHOLDERS’ EQUITY
Preferred stock, $0.001 par value, 5,000,000 shares authorized, no shares issued	0	0
Common stock, $0.001 par value, 50,000,000 shares authorized. 24,977,422 shares issued and 22,498,389 shares outstanding as of August 31, 2024, and 24,168,014 shares issued and 22,002,027 outstanding as of November 30, 2023	24	24
Additional paid-in capital	132,364	130,426
Treasury stock (2,479,033 and 2,165,987 shares purchased as of August 31, 2024 and November 30, 2023, respectively)	(20,747)	(17,500)
Accumulated deficit	(66,456)	(69,575)
Accumulated other comprehensive loss	(646)	(1,056)
Total Stockholders’ Equity	44,539	42,319
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 59,004	$ 52,314

- Definition

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

Balance Sheet

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