Balance Sheet

v3.25.1

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Feb. 28, 2025	Nov. 30, 2024
CURRENT ASSETS
Cash and cash equivalents	$ 7,669	$ 16,829
Accounts receivable, net	2,900	2,630
Inventory, net	23,182	19,972
Prepaid expenses and other current assets	3,441	2,623
Marketable debt securities	11,620	8,904
Total current assets	48,812	50,958
LONG TERM ASSETS
Deposits for equipment	3,669	2,665
Right-of-use-asset, net	2,218	2,452
Property and equipment, net	4,651	3,408
Intangible assets, net	3,273	3,337
Goodwill	2,258	2,258
Deferred tax asset	5,468	5,837
Other assets	689	1,007
TOTAL ASSETS	71,038	71,922
CURRENT LIABILITIES
Accounts payable and accrued liabilities	11,182	13,108
Operating lease liabilities, current	572	539
Deferred revenue, current	483	1,791
Total current liabilities	12,237	15,438
LONG TERM LIABILITIES
Deferred revenue, non-current	11	17
Operating lease liabilities, non-current	1,963	2,098
Total liabilities	14,211	17,553
COMMITMENTS AND CONTINGENCIES (NOTE 21)
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. 25,182,452 shares issued and 22,667,235 shares outstanding as of February 28, 2025, and 25,010,976 shares issued and 22,495,759 outstanding as of November 30, 2024	25	25
Additional paid-in capital	133,895	133,029
Treasury stock (2,515,217 shares purchased as of February 25, 2025 and November 30, 2024, respectively)	(21,253)	(21,253)
Accumulated deficit	(55,121)	(56,783)
Accumulated other comprehensive loss	(719)	(649)
Total Stockholders’ Equity	56,827	54,369
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 71,038	$ 71,922

- 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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