Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2022
Nov. 30, 2021
Nov. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (7,885) $ (3,283) $ (3,283)
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation expense 5,424 3,150  
Forgiveness of Paycheck Protection Program loan 0 (190)  
Amortization of debt issuance costs 28 23  
Operating lease costs 362 230  
Depreciation and amortization 855 487  
Provision for inventory 178 0  
Loss on disposal of property, plant, and equipment 246 0  
Changes in assets and liabilities, net of acquisition:      
Accounts receivable (4,254) (336)  
Deferred revenue (342) (3,777)  
Inventory (9,170) (1,445)  
Prepaid expenses and other current asserts 228 154  
Other assets 27 (209)  
Accounts payable and accrued liabilities 721 870  
Operating lease liabilities (244) (111)  
NET CASH USED IN OPERATING ACTIVITIES (13,826) (4,437)  
CASH FLOWS FROM INVESTING ACTIVITIES      
Cash paid for acquisitions, net of cash acquired (1,883) (4,044)  
Purchases of property and equipment (3,253) (1,838)  
NET CASH USED IN INVESTING ACTIVITIES (5,136) (5,882)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from warrant exercises 0 1,277  
Proceeds from stock option exercises, net of offering costs 456 104  
Proceeds from sale of common stock, net of underwriting discounts and offering costs 0 55,952  
Repurchases of common stock (17,500) 0  
Payment of debt issuance costs 0 (81)  
Proceeds from line of credit 0 1,500  
Payments to line of credit 0 (1,500)  
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (17,044) 57,252  
Effects of foreign currency exchange rate changes (326) (189)  
NET CHANGE IN CASH AND CASH EQUIVALENTS FOR THE YEAR (36,332) 46,744  
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 56,400 9,656  
CASH AND CASH EQUIVALENTS, END OF YEAR 20,068 56,400 56,400
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
INCOME TAXES PAID 106 337  
INTEREST PAID 0 40  
SUPPLMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Dividends declared on preferred stock 0 (1,043) $ (1,043)
Conversion of Preferred Stock and Accrued Dividends into Common Stock [Member]      
SUPPLMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Conversion of preferred shares and preferred stock dividends to common stock $ 0 $ 1,043