Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
May 31, 2017
Nov. 30, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 658 $ 891
Accounts receivable, net 2,961 1,229
Prepaid expenses and other receivables 1,453 779
Grants receivable 134 906
Inventory 904 400
Total current assets 6,110 4,205
NON CURRENT ASSETS:    
Property and equipment, net 4,807 4,573
Restricted cash 6 5
Intangible assets, net 14,969 15,050
Goodwill 10,048 9,584
Investments in associate, net 252 0
Other assets 75 70
Total non-current assets 30,157 29,282
TOTAL ASSETS 36,267 33,487
CURRENT LIABILITIES:    
Short-term bank credit 0 21
Accounts payable 3,541 4,554
Accrued expenses and other payables 1,375 1,205
Employees and related payables 2,219 1,680
Related parties 42 42
Advance payments on account of grant 2,101 243
Short-term loans and current maturities of long term loans 647 1,111
Deferred income 4,264 1,273
Current maturities of convertible loans 1,958 2,541
Convertible bonds 0 1,818
Price protection derivative 0 76
Investments in associate, net 0 12
TOTAL CURRENT LIABILITIES 16,147 14,576
LONG-TERM LIABILITIES:    
Loans payable 3,284 3,291
Convertible loans 1,772 1,059
Warrants 2,861 1,843
Retirement benefits obligation 5 5
Put option derivative 273 273
Deferred taxes 2,027 1,862
TOTAL LONG-TERM LIABILITIES 10,222 8,333
TOTAL LIABILITIES COMMITMENTS EQUITY: 26,369 22,909
Stockholder's Equity    
Common stock 12 12
Additional paid-in capital 48,898 41,605
Receipts on account of shares to be allotted 596 0
Accumulated other comprehensive loss (216) (1,205)
Accumulated deficit (39,392) (29,834)
TOTAL EQUITY 9,898 10,578
TOTAL LIABILITIES AND EQUITY $ 36,267 $ 33,487