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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.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/330/tableOfContent

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