Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2024
Nov. 30, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 16,829 $ 20,498
Accounts receivable, net 2,630 2,945
Inventory, net 19,972 13,890
Prepaid expenses and other current assets 2,623 868
Marketable debt securities 8,904 0
Total current assets 50,958 38,201
Deposits for equipment 2,665 1,163
Right-of-use-asset, net 2,452 1,805
Property and equipment, net 3,408 3,803
Intangible assets, net 3,337 3,583
Goodwill 2,258 2,258
Loan to joint venture 0 1,473
Deferred tax asset 5,837 0
Other assets 1,007 28
TOTAL ASSETS 71,922 52,314
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 13,108 6,158
Operating lease liabilities, current 539 644
Deferred revenue 1,791 1,844
Total current liabilities 15,438 8,646
LONG TERM LIABILITIES    
Deferred revenue, non-current 17 91
Operating lease liabilities, non-current 2,098 1,258
Total Liabilities 17,553 9,995
COMMITMENTS AND CONTINGENCIES (NOTE 19)
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. 25,010,976 shares issued and 22,495,759 outstanding as of November 30, 2024 and, 24,168,014 shares issued and 22,002,027 outstanding as of November 30, 2023 25 24
Additional paid-in capital 133,029 130,426
Treasury stock (2,515,217 shares purchased as of November 30, 2024 and 2,165,987 shares purchased as of November 30, 2023) (21,253) (17,500)
Accumulated deficit (56,783) (69,575)
Accumulated other comprehensive loss (649) (1,056)
Total Stockholders’ Equity 54,369 42,319
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 71,922 $ 52,314