Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Aug. 31, 2023
Nov. 30, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 13,654 $ 20,068
Accounts receivable, net 3,642 5,915
Inventory, net 16,687 15,462
Prepaid expenses and other current assets 963 1,200
Total current assets 34,946 42,645
LONG TERM ASSETS    
Intangible assets, net 3,655 3,872
Deposits for equipment 1,520 2,269
Right-of-use asset, net 1,919 2,424
Property and equipment, net 3,638 3,309
Goodwill 2,258 2,258
Loan to joint venture 1,451 0
Other assets 204 272
TOTAL ASSETS 49,591 57,049
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 4,558 7,708
Operating lease liabilities, current 653 757
Deferred revenue, current 651 458
Total current liabilities 5,862 8,923
LONG TERM LIABILITIES    
Deferred revenue, non-current 139 340
Operating lease liabilities, non-current 1,367 1,792
Total liabilities 7,368 11,055
COMMITMENTS AND CONTINGENCIES (NOTE 21)
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. 24,143,014 shares issued and 21,977,027 shares outstanding as of August 31, 2023 and, 24,018,612 shares issued and 21,852,625 outstanding as of November 30, 2022 24 23
Additional paid-in capital 129,707 125,474
Treasury stock (2,165,987 shares purchased as of August 31, 2023 and November 30, 2022) (17,500) (17,500)
Accumulated deficit (68,747) (61,383)
Accumulated other comprehensive loss (1,261) (620)
Total Stockholders’ Equity 42,223 45,994
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 49,591 $ 57,049