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, 2023
Nov. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (8,192) $ (7,885)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Stock-based compensation expense 5,375 5,424
Amortization of debt issuance costs 28 28
Operating lease costs 666 362
Depreciation and amortization 1,262 855
Allowance for bad debt (474) 0
Provision for inventory 514 178
Loss on disposal of property, plant, and equipment 466 246
Loss from joint venture 603 0
Changes in assets and liabilities, net of acquisition:    
Accounts receivable 2,189 (4,254)
Deferred revenue (414) (342)
Inventory 542 (9,170)
Prepaid expenses and other current asserts 216 228
Other assets 250 27
Accounts payable and accrued liabilities 602 721
Operating lease liabilities (689) (244)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 3,892 (13,826)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (903) (3,253)
Equity method investment in joint venture (520) 0
Loan to joint venture (1,556) 0
Cash paid for acquisitions, net of cash acquired 0 (1,883)
NET CASH USED IN INVESTING ACTIVITIES (2,979) (5,136)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock option exercises 34 456
Payment of taxes withheld on issuance of restricted stock units (456) (17,500)
NET CASH USED IN FINANCING ACTIVITIES (422) (17,044)
Effects of foreign currency exchange rate changes (61) (326)
NET CHANGE IN CASH AND CASH EQUIVALENTS FOR THE YEAR 430 (36,332)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 20,068 56,400
CASH AND CASH EQUIVALENTS, END OF YEAR 20,498 20,068
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
INCOME TAXES PAID 48 106
INTEREST PAID $ 0 $ 0