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Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Feb. 29, 2020
Nov. 30, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 14,706 $ 13,890
Short-term investments 2,089
Receivables, net of allowance for doubtful accounts of $0 at February 29, 2020 and November 30, 2019 3,475 3,382
Contract assets 864 519
Inventories:    
Raw materials and supplies 5,185 4,427
Work-in process 2,593 2,616
Total inventories 7,778 7,403
Prepaid expenses and other assets 441 572
Total current assets 27,264 27,495
PROPERTY, PLANT AND EQUIPMENT, at cost:    
Land 1,518 1,518
Buildings 498 498
Facility improvements 1,109 1,109
Furniture and fixtures 977 977
Construction in process equipment 653 645
Machinery and equipment 8,999 9,027
Total property, plant, and equipment 13,754 13,774
Less accumulated depreciation (10,185) (10,125)
Net property, plant, and equipment 3,569 3,649
Operating lease right to use asset 153
Total assets 30,986 31,144
CURRENT LIABILITIES:    
Accounts payable 837 851
Accrued compensation 665 1,287
Deferred revenue 242 390
Property taxes 37 104
Income tax 318 213
Current portion of operating lease liabilities 36
Other accrued liabilities 27 26
Total current liabilities 2,162 2,871
Operating lease liabilities 117
Deferred income taxes, net 20 20
Total liabilities 2,299 2,891
SHAREHOLDERS’ EQUITY    
Common stock, $.10 par value, authorized 10,000,000 shares, 3,078,315 issued and 2,578,315 outstanding at February 29, 2020 and November 30, 2019 308 308
Additional paid-in-capital 885 885
Treasury stock, 500,000 shares, at cost (1,250) (1,250)
Retained earnings 28,744 28,310
Total shareholders’ equity 28,687 28,253
Total liabilities and shareholders’ equity $ 30,986 $ 31,144