Annual report pursuant to Section 13 and 15(d)

Note 18 - Income Taxes - Net Deferred Income Tax Asset (Details)

v3.25.0.1
Note 18 - Income Taxes - Net Deferred Income Tax Asset (Details) - USD ($)
$ in Thousands
Nov. 30, 2024
Nov. 30, 2023
Net operating loss carryforwards $ 3,438 $ 6,551
R&D tax credits 318 0
Stock compensation 1,033 1,835
Inventory reserve 107 245
Bad debt reserve 70 130
Accrued payroll 879 434
Warranty reserve 57 109
Foreign tax credit carryforwards 9 9
Capital loss carryover 115 0
Unrealized losses 14 18
Deferred revenue 21 53
Lease liability 583 410
R&E capitalization 802 399
Business interest limitation 325 0
Equity investments 0 136
Subtotal deferred tax assets 7,771 10,329
Valuation allowance (837) (9,271)
Total deferred tax assets 6,934 1,058
Depreciation and amortization (555) (678)
Right of use asset (542) (390)
Total deferred tax liabilities (1,097) (1,068)
Net deferred tax assets (liabilities) $ 5,837 $ (10)