Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Property and Equipment

v3.23.1
Note 9 - Property and Equipment
 3 Months Ended
Feb. 28, 2023
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

9.

PROPERTY AND EQUIPMENT

 

The following table summarizes cost and accumulated depreciation (in thousands):

 

   

February 28,

    

November 30,

  
   

2023

    

2022

  

Computer equipment and software

   $ 822     $ 328  

Furniture and fixtures

     272       392  

Leasehold improvements

     906       910  

Machinery and equipment

     2,766       2,531  
      4,766       4,161  

Less: accumulated depreciation and amortization

     1,031       852  

Total

   $ 3,735     $ 3,309  

 

The Company recognized approximately $0.2 million and $0.1 million in depreciation and amortization expense during the three months ended February 28, 2023 and 2022, respectively.  Depreciation and amortization expense is presented in the operating expenses and within cost of goods sold in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Loss.

 

At February 28, 2023 and November 30, 2022, the Company had deposits of $1.8 million and $2.3 million, respectively, with vendors primarily for supply of machinery (molds) and equipment where the vendors have not completed the supply of these assets and is presented as Deposits for equipment in the Condensed Consolidated Balance Sheets.