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
May 31, 2024
Nov. 30, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 24,788 $ 20,498
Accounts receivable, net 1,635 2,945
Inventory, net 15,500 13,890
Prepaid expenses and other current assets 1,779 868
Total current assets 43,702 38,201
LONG TERM ASSETS    
Intangible assets, net 3,441 3,583
Deposits for equipment 1,706 1,163
Right-of-use asset, net 1,473 1,805
Property and equipment, net 3,408 3,803
Goodwill 2,265 2,258
Loan to joint venture 1,493 1,473
Other assets 35 28
TOTAL ASSETS 57,523 52,314
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 9,207 6,158
Operating lease liabilities, current 552 644
Deferred revenue, current 1,407 1,844
Total current liabilities 11,166 8,646
LONG TERM LIABILITIES    
Deferred revenue, non-current 45 91
Operating lease liabilities, non-current 999 1,258
Total liabilities 12,210 9,995
COMMITMENTS AND CONTINGENCIES (NOTE 19)
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. 24,964,787 shares issued and 22,776,895 shares outstanding as of May 31, 2024, and 24,168,014 shares issued and 22,002,027 outstanding as of November 30, 2023 24 24
Additional paid-in capital 131,550 130,426
Treasury stock (2,187,892 and 2,165,987 shares purchased as of May 31, 2024 and November 30, 2023, respectively) (17,753) (17,500)
Accumulated deficit (67,481) (69,575)
Accumulated other comprehensive loss (1,027) (1,056)
Total Stockholders’ Equity 45,313 42,319
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 57,523 $ 52,314