Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2025
Nov. 30, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 13,727 $ 16,829
Accounts receivable, net 10,840 2,630
Inventory, Net 32,694 19,972
Prepaid expenses and other current assets 4,681 2,623
Marketable debt securities 1,754 8,904
Total current assets 63,696 50,958
Deposits for equipment 1,495 2,665
Right-of-use-asset, net 2,042 2,452
Property and equipment, net 7,726 3,408
Intangible assets, net 3,086 3,337
Goodwill 2,258 2,258
Deferred tax assets 4,134 5,837
Other assets 51 1,007
TOTAL ASSETS 84,488 71,922
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 15,864 13,108
Operating lease liabilities, current 734 539
Deferred revenue 496 1,791
Total current liabilities 17,094 15,438
LONG TERM LIABILITIES    
Deferred revenue, non-current 25 17
Operating lease liabilities, non-current 1,612 2,098
Total Liabilities 18,731 17,553
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. 25,258,393 shares issued and 22,678,715 outstanding as of November 30, 2025 and, 25,010,976 shares issued and 22,495,759 outstanding as of November 30, 2024 25 25
Additional paid-in capital 135,870 133,029
Treasury stock (2,579,678 shares purchased as of November 30, 2025 and 2,515,217 shares purchased as of November 30, 2024) (22,355) (21,253)
Accumulated deficit (47,096) (56,783)
Accumulated other comprehensive loss (687) (649)
Total Stockholders’ Equity 65,757 54,369
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 84,488 $ 71,922