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, 2026
Nov. 30, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 8,418 $ 13,727
Accounts receivable, net 2,538 10,840
Inventory, net 29,974 32,694
Prepaid expenses and other current assets 3,821 4,681
Marketable debt securities 1,001 1,754
Total current assets 45,752 63,696
LONG TERM ASSETS    
Deposits for equipment 245 1,495
Right-of-use-assets, net 1,051 2,042
Property and equipment, net 3,869 7,726
Intangible assets, net 3,944 3,086
Goodwill 2,714 2,258
Deferred tax asset, net 6,855 4,134
Other assets 153 51
TOTAL ASSETS 64,583 84,488
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 7,374 15,864
Operating lease liabilities, current 705 734
Deferred revenue, current 186 496
Total current liabilities 8,265 17,094
LONG TERM LIABILITIES    
Deferred revenue, non-current 18 25
Operating lease liabilities, non-current 532 1,612
Contingent consideration, non-current 649 0
Total liabilities 9,464 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. 26,043,337 shares issued and 23,404,754 shares outstanding as of August 31, 2026, and 25,258,393 shares issued and 22,678,715 outstanding as of November 30, 2025 25 25
Additional paid-in capital 138,107 135,870
Treasury stock (2,638,583 and 2,579,678 shares purchased as of August 31, 2026 and November 30, 2025, respectively) (23,308) (22,355)
Accumulated deficit (59,294) (47,096)
Accumulated other comprehensive loss (411) (687)
Total Stockholders’ Equity 55,119 65,757
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 64,583 $ 84,488