Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2021
Nov. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (3,283) $ (12,553)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Stock-based compensation expense   1,252
Forgiveness of Paycheck Protection Program loan (190) 0
Accretion of debt discounts 0 755
Loss on extinguishment of debt 0 6,027
Warrant inducement (0) 845
Inventory provision 0 554
Issuance of common shares for services 0 430
Issuance of warrants for payment of accrued interest   125
Amortization of debt issuance costs 23 0
Operating lease costs   139
Depreciation and amortization 300 242
Changes in assets and liabilities, net of acquisition:    
Accounts receivable   (433)
Deferred revenue   4,891
Inventory   (4,491)
Prepaid expenses and other current asserts   (1,023)
Other assets   (17)
Accounts payable and accrued liabilities   6,046
Operating lease liabilities   (251)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES   2,538
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of patent rights (138) (80)
Cash paid for acquisitions, net of cash acquired (4,044) (489)
Purchases of property and equipment   (1,426)
NET CASH USED IN INVESTING ACTIVITIES   (1,995)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from warrant exercises   7,225
Proceeds from stock option exercises   10
Proceeds from sale of common stock, net of underwriting discounts and offering costs 55,952 0
Payment of debt issuance costs (81) 0
Proceeds from Roboro sellers for common stock   500
Proceeds from Paycheck Protection Program loan 0 190
Proceeds from line of credit 1,500 0
Payments to line of credit (1,500) 0
Payment of cash for stock to be issued 0 (20)
Repayment of notes payable   (137)
NET CASH PROVIDED BY FINANCING ACTIVITIES 57,252 7,768
Effects of foreign currency exchange rate changes (189) 171
NET INCREASE IN CASH AND RESTRICTED CASH FOR THE YEAR 46,744 8,482
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR 9,656 1,174
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR 56,400 9,656
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
INCOME TAXES PAID 337 0
INTEREST PAID 40 988
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of common stock for intellectual property 693
Issuance of common stock for services 429
Dividends declared on preferred stock (1,043)
Conversion of Preferred Stock and Accrued Dividends into Common Stock [Member]    
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Conversion of preferred shares and preferred stock dividends to common stock 1,043
Convertible Notes Payable Converted into Series A Preferred Stock [Member]    
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Conversion of convertible notes 11,562
Convertible Notes Payable Converted into Warrants [Member]    
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Conversion of convertible notes $ 240