Annual report pursuant to Section 13 and 15(d)

Note 8 - Inventory

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Note 8 - Inventory
12 Months Ended
Nov. 30, 2024
Notes to Financial Statements  
Inventory Disclosure [Text Block]

8.

INVENTORY

 

The following table summarizes inventory (in thousands):

 

               
   

November 30,

   

November 30,

 
   

2024

   

2023

 

Raw materials

  $ 10,307     $ 7,543  

Work in process

    3,433       2,439  

Finished goods

    6,232       3,908  

Total

  $ 19,972     $ 13,890  

 

The Company reviews inventory for excess and obsolete products and makes provisions based on its estimate of the probability that the material will not be consumed or that it will be sold below cost. The inventory reserves were $0.4 million and $0.7 million at November 30, 2024 and 2023, respectively.