Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Feb. 29, 2024
Nov. 30, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 24,176 $ 20,498
Accounts receivable, net 1,536 2,945
Inventory, net 12,128 13,890
Prepaid expenses and other current assets 1,131 868
Total current assets 38,971 38,201
LONG TERM ASSETS    
Intangible assets, net 3,510 3,583
Deposits for equipment 1,269 1,163
Right-of-use asset, net 1,688 1,805
Property and equipment, net 3,591 3,803
Goodwill 2,258 2,258
Loan to joint venture 1,431 1,473
Other assets 24 28
TOTAL ASSETS 52,742 52,314
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 5,131 6,158
Operating lease liabilities, current 641 644
Deferred revenue, current 2,595 1,844
Total current liabilities 8,367 8,646
LONG TERM LIABILITIES    
Deferred revenue, non-current 71 91
Operating lease liabilities, non-current 1,135 1,258
Total liabilities 9,573 9,995
COMMITMENTS AND CONTINGENCIES (NOTE 18)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.001 par value, 5,000,000 shares authorized, no shares issued 0 0
Common stock, $0.001 par value, 50,000,000 shares authorized. 24,375,754 shares issued and 22,209,767 shares outstanding as of February 29, 2024 and, 24,168,014 shares issued and 22,002,027 outstanding as of November 30, 2023 24 24
Additional paid-in capital 131,374 130,426
Treasury stock (2,165,987 shares purchased as of February 29, 2024 and November 30, 2023) (17,500) (17,500)
Accumulated deficit (69,558) (69,575)
Accumulated other comprehensive loss (1,171) (1,056)
Total Stockholders’ Equity 43,169 42,319
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 52,742 $ 52,314