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
Feb. 28, 2026
Nov. 30, 2025
CURRENT ASSETS    
Cash and cash equivalents, end of period $ 7,452 $ 13,727
Accounts receivable, net 11,561 10,840
Restricted cash, end of period 400 0
Inventory, net 33,099 32,694
Prepaid expenses and other current assets 5,082 4,681
Marketable debt securities 1,755 1,754
Total current assets 59,349 63,696
LONG TERM ASSETS    
Deposits for equipment 1,852 1,495
Right-of-use-assets, net 1,879 2,042
Property and equipment, net 7,419 7,726
Intangible assets, net 3,021 3,086
Goodwill 2,258 2,258
Deferred tax asset, net 3,990 4,134
Other assets 132 51
TOTAL ASSETS 79,900 84,488
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 10,775 15,864
Operating lease liabilities, current, Non-cancelable Operating Leases 751 734
Deferred revenue, current 445 496
Total current liabilities 11,971 17,094
LONG TERM LIABILITIES    
Deferred revenue, non-current 22 25
Operating lease liabilities, non-current, Non-cancelable Operating Leases 1,419 1,612
Total liabilities 13,412 18,731
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. 25,322,923 shares issued and 22,684,340 shares outstanding as of February 28, 2026, and 25,258,393 shares issued and 22,678,715 outstanding as of November 30, 2025 25 25
Additional paid-in capital 136,398 135,870
Treasury stock (2,638,583 and 2,579,678 shares purchased as of February 28, 2026 and November 30, 2025, respectively) (23,308) (22,355)
Accumulated deficit (46,295) (47,096)
Accumulated other comprehensive loss (332) (687)
Total Stockholders’ Equity 66,488 65,757
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 79,900 $ 84,488