Condensed Balance Sheets - USD ($)	Feb. 26, 2022	Nov. 30, 2021
CURRENT ASSETS
Cash and cash equivalents	$ 15,903,000	$ 15,252,000
Receivables, net of allowance for doubtful accounts of $0 at February 26, 2022 and November 30 2021	3,484,000	4,974,000
Contract assets	792,000	603,000
Inventories:
Raw materials and supplies	6,186,000	5,738,000
Work in process	2,667,000	2,946,000
Total inventories	8,853,000	8,684,000
Prepaid expenses and other assets	280,000	341,000
Total current assets	29,312,000	29,854,000
PROPERTY, PLANT AND EQUIPMENT, at cost:
Land	1,518,000	1,518,000
Buildings	498,000	498,000
Facility improvements	1,126,000	1,126,000
Furniture and fixtures	1,025,000	1,025,000
Construction in process equipment	12,675,000	8,019,000
Machinery and equipment	9,703,000	9,390,000
Total property, plant, and equipment	26,545,000	21,576,000
Less accumulated depreciation	10,794,000	10,739,000
Net property, plant, and equipment	15,751,000	10,837,000
Operating lease right to use asset	54,000	67,000
Total assets	45,117,000	40,758,000
CURRENT LIABILITIES:
Accounts payable	1,685,000	1,963,000
Accrued compensation	844,000	1,295,000
Deferred revenue	1,439,000	1,258,000
Property taxes	59,000	318,000
Income tax	138,000	180,000
Operating lease liabilities, current portion	54,000	53,000
Other accrued liabilities	26,000	25,000
Total current liabilities	4,245,000	5,092,000
Operating lease liabilities, less current portion		14,000
Long Term Debt, net of debt issuance costs	8,383,000	3,369,000
Deferred income taxes, net	16,000	16,000
Total liabilities	12,644,000	8,491,000
SHAREHOLDERS’ EQUITY
Common stock, $.10 par value, authorized 10,000,000 shares, 3,078,315 issued and 2,578,315 outstanding at February 26, 2022 and November 30 2021	308,000	308,000
Additional paid-in-capital	885,000	885,000
Treasury stock, 500,000 shares, at cost	(1,250,000)	(1,250,000)
Retained earnings	32,530,000	32,324,000
Total shareholders’ equity	32,473,000	32,267,000
Total liabilities and shareholders’ equity	$ 45,117,000	$ 40,758,000