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Note 9 - Property and Equipment | 12 Months Ended
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Nov. 30, 2024
Notes to Financial Statements |
Property, Plant and Equipment Disclosure [Text Block] |
9. | PROPERTY AND EQUIPMENT
The following table summarizes cost and accumulated depreciation (in thousands):
|  | Estimated Useful |  |  | November 30, |
|  | Lives in Years |  |  | 2024 |  |  | 2023 |
Computer equipment and software |  |  | 3-5 |  |  | $ | 791 |  |  | $ | 817 |
Furniture and fixtures |  |  | 5 |  |  |  | 276 |  |  |  | 273 |
Leasehold improvements |  |  | 3-7 |  |  |  | 1,048 |  |  |  | 989 |
Machinery and equipment |  |  | 5-7 |  |  |  | 4,095 |  |  |  | 3,425 |
|  |  |  |  |  |  | 6,210 |  |  |  | 5,504 |
Less: accumulated depreciation and amortization |  |  |  |  |  |  | 2,802 |  |  |  | 1,701 |
Total |  |  |  |  |  | $ | 3,408 |  |  | $ | 3,803 |
The Company recognized approximately $1.2 million and $1.0 million in depreciation expense during the years ended November 30, 2024 and 2023, respectively. Depreciation expense is presented in the operating expenses and within cost of goods sold in the accompanying Consolidated Statements of Operations and Comprehensive Income (Loss). At November 30, 2024 and 2023, the Company deposited $2.7 million and $1.2 million, respectively, with vendors primarily for supply of molds and equipment where the vendors have not completed supply of these assets. The Company placed $0.4 million and less than $0.1 million of molds and equipment deposits and software deposits, respectively, from November 30, 2023 into service during fiscal year November 30, 2024. The Company placed $1.2 million and $0.5 million of molds and equipment deposits and software deposits, respectively from November 30, 2022 into service during fiscal year November 30, 2023. The deposits are presented in the Consolidated Balance Sheets as deposits for equipment.

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