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Related Party Transactions (Tables)
12 Months Ended
Nov. 30, 2021
Related Party Transactions [Abstract]  
Schedule of Beneficial Ownership of Company's Common Stock by Related Party

As noted above, MiTAC Holdings and its affiliates in the aggregate beneficially owned approximately 9.5% of the Company’s outstanding common stock as of November 30, 2021. These shares are owned by the following entities:

 

 

 

 

As of November 30, 2021

 

MiTAC Holdings(1)

 

5,300

 

Synnex Technology International Corp.(2)

 

3,860

 

Total

 

9,160

 

 

 

1.

Shares are held via Silver Star Developments Ltd., a wholly-owned subsidiary of MiTAC Holdings. Excludes 192 shares held directly by Mr. Miau and 217 shares indirectly held by Mr. Miau through a charitable remainder trust, and 190 shares held by his spouse.

 

2.

Synnex Technology International Corp. (“Synnex Technology International”) is a separate entity from the Company and is a publicly-traded corporation in Taiwan. Shares are held via Peer Development Ltd., a wholly-owned subsidiary of Synnex Technology International. MiTAC Holdings owns a noncontrolling interest of 14.1% in MiTAC Incorporated, a privately-held Taiwanese company, which in turn holds a noncontrolling interest of 15.7% in Synnex Technology International. Neither MiTAC Holdings nor Mr. Miau is affiliated with any person(s), entity, or entities that hold a majority interest in MiTAC Incorporated.

Schedule of Related Party Transactions

The following table presents the Company's transactions with MiTAC Holdings and its affiliates for the periods indicated:

 

 

Fiscal Years Ended November 30,

 

 

 

2021

 

 

2020

 

 

2019

 

Purchases of inventories and services

 

$

199,698

 

 

$

211,858

 

 

$

173,390

 

Sale of products to MiTAC Holdings and affiliates

 

 

623

 

 

 

764

 

 

 

761

 

Payments made for rent and overhead costs for use of facilities of MiTAC Holdings and affiliates, net

 

 

161

 

 

 

129

 

 

 

41

 

The following table presents the Company’s receivable from and payable to MiTAC Holdings and its affiliates for the periods presented:

 

 

As of November 30,

 

 

 

2021

 

 

2020

 

Receivable from related parties (included in Accounts receivable, net)

 

$

21,841

 

 

$

26,133

 

Payable to related parties (included in Accounts payable)

 

 

32,802

 

 

 

49,603