SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Feb. 26, 2022

Accounting Policies [Abstract]

Net Sales by Product Line

The following table summarizes the Company’s net sales by product line.

Net Sales by Product Line

(Dollars in thousands)

	Feb. 26, 2022	Feb. 27, 2021
Microelectronics	$1,541	$723
Optoelectronics	2,205	1,379
Sensors and Displays	2,320	1,948
	$6,066	$4,050
Timing of revenue recognition
Recognized at a point in time	$5,351	$3,327
Recognized over time	715	723
Total Revenue	$6,066	$4,050

[custom:NetSalesbyProductLine]

	Feb. 26, 2022	Feb. 27, 2021
Microelectronics	$1,541	$723
Optoelectronics	2,205	1,379
Sensors and Displays	2,320	1,948
	$6,066	$4,050
Timing of revenue recognition
Recognized at a point in time	$5,351	$3,327
Recognized over time	715	723
Total Revenue	$6,066	$4,050

[custom:NetSalesbyMajorMarket]

2022 First Quarter Sales by Major Market (Dollars in thousands)
		Military		Space		Medical		Commercial		Total
Domestic Direct	$	2,505	$	603	$	555	$	189	$	3,852
Domestic Distribution		1,793		146		-		139		2,078
International		71		22		-		43		136
	$	4,369	$	771	$	555	$	371	$	6,066
2021 First Quarter Sales by Major Market (Dollars in thousands)
		Military		Space		Medical		Commercial		Total
Domestic Direct	$	1,423	$	219	$	550	$	148	$	2,340
Domestic Distribution		1,027		364		-		119		1,510
International		63		127		-		10		200
	$	2,513	$	710	$	550	$	277	$	4,050

[custom:ReceivablesNetContractAssetsLiabilities]

	February 26, 2022	November 30, 2021	December 1, 2020
Receivables, net	$3,484	$4,974	$2,639
Contract assets	$792	$603	$512
Deferred revenue	$1,439	$1,258	$111

There was $3,000 of revenue recognized in fiscal year 2022 that was included in the deferred revenue liability balance at the beginning of the fiscal year.

Undiscounted Future Minimum Lease Payments

The Undiscounted Future Minimum Lease Payments consist of the following at:

Undiscounted Future Minimum Lease Payments

	2/26/2022
2022	$	41,000
2023		14,000
Total lease payments		55,000
Interest		1,000
Present value of lease liabilities	$	54,000