Quarterly report [Sections 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
Mar. 31, 2025
Nov. 30, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 7,001 $ 16,829
Accounts receivable, net 6,536 2,630
Inventory, net 32,286 19,972
Prepaid expenses and other current assets 3,931 2,623
Marketable debt securities 5,984 8,904
Total current assets 55,738 50,958
LONG TERM ASSETS    
Deposits for equipment 1,981 2,665
Right-of-use-asset, net 2,262 2,452
Property and equipment, net 6,844 3,408
Intangible assets, net 3,215 3,337
Goodwill 2,258 2,258
Deferred tax asset 4,797 5,837
Other assets 355 1,007
TOTAL ASSETS 77,450 71,922
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 14,377 13,108
Operating lease liabilities, current 652 539
Deferred revenue, current 335 1,791
Total current liabilities 15,364 15,438
LONG TERM LIABILITIES    
Deferred revenue, non-current 15 17
Operating lease liabilities, non-current 1,935 2,098
Total liabilities 17,314 17,553
COMMITMENTS AND CONTINGENCIES (NOTE 21)
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. 25,197,613 shares issued and 22,678,469 shares outstanding as of May 31, 2025, and 25,010,976 shares issued and 22,495,759 outstanding as of November 30, 2024 25 25
Additional paid-in capital 134,739 133,029
Treasury stock (2,519,144 and 2,515,217 shares purchased as of May 31, 2025 and November 30, 2024, respectively) (21,308) (21,253)
Accumulated deficit (52,694) (56,783)
Accumulated other comprehensive loss (626) (649)
Total Stockholders’ Equity 60,136 54,369
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 77,450 $ 71,922