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Note 8 - Property and Equipment
 12 Months Ended
Nov. 30, 2022
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

8.

PROPERTY AND EQUIPMENT

 

The following table summarizes cost and accumulated depreciation as of November 30, 2022 and 2021, respectively (in thousands).

           

  

Estimated Useful

  

November 30,

 
  

Lives in Years

  

2022

  

2021

 

Computer equipment and software

  3-5  $328  $275 

Furniture and fixtures

  5   392   208 

Leasehold improvements

  3-7   910   157 

Machinery and equipment

  5-7   2,531   1,738 
       4,161   2,378 

Less: accumulated depreciation and amortization

      852   406 

Total

     $3,309  $1,972 

 

The Company recognized approximately $0.6 million and $0.3 million in depreciation and amortization expense during the years ended November 30, 2022 and 2021, respectively. Depreciation and amortization expense is presented in the operating expenses and within cost of goods sold in the accompanying Consolidated Statements of Operations and Comprehensive Loss.

 

At November 30, 2022 and 2021, the Company deposited $2.3 million and $1.3 million, respectively, with vendors primarily for supply of molds and equipment where the vendors have not completed supply of these assets.  The Company placed $0.9 million of molds and equipment deposits from November 30, 2021 into service during fiscal year 2022.