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Cash Flow

v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Aug. 31, 2022
Aug. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss for the period $ (7,752) $ (75)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 4,061 2,527
Forgiveness of Paycheck Protection Program loan 0 (190)
Depreciation and amortization 638 369
Operating lease costs 360 184
Changes in assets and liabilities:    
Accounts receivable (1,003) 394
Deferred revenue 167 (4,182)
Inventory (8,917) (2,279)
Prepaid expenses and other current assets (85) 643
Other assets 142 7
Accounts payable and accrued liabilities (151) (557)
Operating lease liabilities (244) (117)
NET CASH USED IN OPERATING ACTIVITIES (12,784) (3,276)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (2,232) (827)
Purchases of patent rights (44) (70)
Cash paid for asset acquisition, net of cash acquired (1,933) (4,044)
NET CASH USED IN INVESTING ACTIVITIES (4,209) (4,941)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from warrant exercises 0 1,277
Proceeds from stock option exercises 457 45
Proceeds from sale of common stock, net of underwriting discounts 0 56,753
Payment of offering costs 0 (801)
Payment of debt issuance costs 0 (83)
Proceeds from line of credit 0 1,500
Payment to line of credit 0 (1,500)
Repurchase of common stock (15,000) 0
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (14,543) 57,191
Effects of foreign currency exchange rate changes (407) (117)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH FOR THE PERIOD (31,943) 48,857
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD 56,400 9,656
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD $ 24,457 $ 58,513

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