Quarterly report pursuant to Section 13 or 15(d)

RESTRICTED CASH

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RESTRICTED CASH
3 Months Ended
Feb. 28, 2021
Restricted Cash [Abstract]  
RESTRICTED CASH
7. RESTRICTED CASH

 

The Company’s restricted cash - current was $2.2 million and $6.4 million at February 28, 2021 and November 30, 2020, respectively. This amount is due to holds placed on its use by the Company’s merchant services vendor pending fulfillment of backorders prepaid by credit cards or PayPal. The Company’s long-term restricted cash of $0.1 million at February 28, 2021 and November 30, 2020, consists of cash that the Company is contractually obligated to maintain in accordance with the terms of its lease agreement.