FREE SHIPPING ON ORDERS OVER $100 WITHIN THE CONTIGUOUS US

Cash Flow

v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Feb. 28, 2022
Feb. 28, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss for the period $ (3,221) $ (272)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Stock-based compensation expense 812 693
Incentive compensation 472 0
Forgiveness of Paycheck Protection Program loan 0 (190)
Depreciation and amortization 175 88
Operating lease costs 16 24
Changes in assets and liabilities:    
Accounts receivable 569 554
Deferred revenue (350) (3,574)
Inventory (5,416) (2,512)
Prepaid expenses and other current assets (429) 621
Other assets (419) (6)
Accounts payable and accrued liabilities (740) (1,061)
Operating lease liabilities 99 (20)
NET CASH USED IN OPERATING ACTIVITIES (8,432) (5,655)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (915) (25)
NET CASH USED IN INVESTING ACTIVITIES (915) (25)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from warrant exercises 0 134
Proceeds from stock option exercises 366 22
Payment of debt issuance costs 0 (54)
Repurchase of common stock (2,654) 0
NET CASH (USED)/PROVIDED BY FINANCING ACTIVITIES (2,288) 102
Effects of foreign currency exchange rate changes (64) 143
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH FOR THE PERIOD (11,699) (5,435)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD 56,400 9,656
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD $ 44,701 $ 4,221

Source