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
Aug. 31, 2025
Nov. 30, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 6,495 $ 16,829
Accounts receivable, net 8,872 2,630
Inventory, net 34,106 19,972
Prepaid expenses and other current assets 5,402 2,623
Marketable debt securities 2,501 8,904
Total current assets 57,376 50,958
LONG TERM ASSETS    
Deposits for equipment 2,642 2,665
Right-of-use-assets, net 2,117 2,452
Property and equipment, net 6,780 3,408
Intangible assets, net 3,151 3,337
Goodwill 2,258 2,258
Deferred tax asset 4,187 5,837
Other assets 51 1,007
TOTAL ASSETS 78,562 71,922
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 12,698 13,108
Operating lease liabilities, current 672 539
Deferred revenue, current 249 1,791
Total current liabilities 13,619 15,438
LONG TERM LIABILITIES    
Deferred revenue, non-current 40 17
Operating lease liabilities, non-current 1,760 2,098
Total liabilities 15,419 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. 25,214,110 shares issued and 22,694,966 shares outstanding as of August 31, 2025, and 25,010,976 shares issued and 22,495,759 outstanding as of November 30, 2024 25 25
Additional paid-in capital 135,480 133,029
Treasury stock (2,519,144 and 2,515,217 shares purchased as of August 31, 2025 and November 30, 2024, respectively) (21,308) (21,253)
Accumulated deficit (50,459) (56,783)
Accumulated other comprehensive loss (595) (649)
Total Stockholders’ Equity 63,143 54,369
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 78,562 $ 71,922