Cash Flow

v3.24.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
May 31, 2024
May 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) for the period $ 2,094 $ (3,269)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Stock-based compensation expense 1,796 2,951
Depreciation and amortization 675 582
Amortization of debt issuance costs 4 0
Amortization of right-of-use asset 332 332
Loss (income) from joint venture (20) 338
Impairment loss 0 176
Changes in assets and liabilities:    
Accounts receivable 1,310 1,258
Deferred revenue (483) (175)
Inventory (1,610) (2,677)
Prepaid expenses and other current assets (910) (77)
Other assets 0 (80)
Accounts payable and accrued liabilities 3,049 (1,369)
Operating lease liabilities (362) (352)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 5,875 (2,362)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (693) (148)
Equity method investment in joint venture 0 (520)
Loan to joint venture 0 (1,556)
NET CASH USED IN INVESTING ACTIVITIES (693) (2,224)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock option exercises 128 0
Repurchase of common stock (253) 0
Payment of taxes withheld on issuance of restricted stock units (800) 0
NET CASH USED IN FINANCING ACTIVITIES (925) 0
Effects of foreign currency exchange rate changes 33 (122)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FOR THE PERIOD 4,290 (4,708)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 20,498 20,068
CASH AND CASH EQUIVALENTS END OF PERIOD $ 24,788 $ 15,360

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