BALANCE SHEETS - USD ($) $ in Thousands	Nov. 30, 2023	Nov. 30, 2022
CURRENT ASSETS
Cash and cash equivalents	$ 10,299	$ 15,375
Receivables, net of allowance for doubtful accounts of $0 at November 30, 2023 and 2022	8,021	3,644
Other receivable	139	920
Contract assets	307	408
Inventories:
Raw materials and supplies	7,367	6,715
Work in process	4,113	3,573
Total inventories	11,480	10,288
Prepaid expenses and other assets	487	564
Total current assets	30,733	31,199
PROPERTY, PLANT AND EQUIPMENT, at cost:
Land	1,518	1,518
Buildings	21,013	498
Facility improvements	1,126	1,126
Furniture and fixtures	2,068	1,036
Construction in process	181	19,415
Machinery and equipment	10,175	9,952
Total property, plant, and equipment	36,081	33,545
Less accumulated depreciation	(11,982)	(11,082)
Net property, plant, and equipment	24,099	22,463
Operating lease right to use asset		14
Deferred income taxes, net	475	86
Total assets	55,307	53,762
CURRENT LIABILITIES:
Accounts payable	1,491	1,173
Accrued compensation	958	1,086
Deferred revenue	618	1,192
Property taxes	746	560
Income tax	444	149
Short term debt	432	224
Other accrued liabilities	34	47
Total current liabilities	4,723	4,431
Long term debt, net of debt issuance costs	15,316	14,535
Total liabilities	20,039	18,966
SHAREHOLDERS’ EQUITY
Common stock, $.10 par value, authorized 10,000,000 shares, 3,078,315 issued and 2,578,315 outstanding at November 30, 2023 and 2022	308	308
Additional paid-in-capital	983	885
Treasury stock, 500,000 shares, at cost	(1,250)	(1,250)
Retained earnings	35,227	34,853
Total shareholders’ equity	35,268	34,796
Total liabilities and shareholders’ equity	$ 55,307	$ 53,762