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Note 12 - Property and Equipment
 3 Months Ended
Feb. 28, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

12.

PROPERTY AND EQUIPMENT

 

The following table summarizes cost and accumulated depreciation (in thousands):

 

  

February 28,

  

November 30,

 
  

2025

  

2024

 

Computer equipment and software

 $804  $791 

Furniture and fixtures

  340   276 

Leasehold improvements

  1,473   1,048 

Machinery and equipment

  5,201   4,095 
   7,818   6,210 

Less: accumulated depreciation

  3,167   2,802 

Total

 $4,651  $3,408 

 

The Company recognized $0.4 million and $0.2 million in depreciation expense during the three months ended February 28, 2025 and February 29, 2024, respectively. Depreciation expense is presented in the operating expenses and within cost of goods sold in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Income (Loss).

 

At February 28, 2025 and November 30, 2024, the Company had deposits of $3.7 million and $2.7 million, respectively, with vendors primarily for supply of machinery (molds) and equipment where the vendors have not completed the supply of these assets and is presented as Deposits for equipment in the Condensed Consolidated Balance Sheets.