v3.25.1
Consolidated Balance Sheets - USD ($)
Feb. 28, 2025
Nov. 30, 2024
Current Assets    
Cash and cash equivalents $ 223,122 $ 560,960
Marketable securities 3,256,301 2,935,183
Accounts receivable (net of allowance for doubtful accounts of $4,337,095 and $4,266,406, respectively) 7,211,985 7,309,094
Prepaid expenses 650,947 637,055
Inventory, current portion 730,467 657,703
Other current assets 436,239 454,598
Total current assets 12,509,061 12,554,593
Property and Equipment-net 21,725,273 21,894,263
Other Assets    
Intangible assets, net 904,287 921,254
Inventory, net of current portion 4,903,928 4,942,115
Goodwill 1,941,411 1,941,411
Deferred tax assets 20,802,023 20,802,023
Operating lease right-of-use asset 714,353 806,339
Deposits and other assets, net 880,731 815,635
Total other assets 30,146,733 30,228,777
Total assets 64,381,067 64,677,633
Current Liabilities    
Accounts payable 2,744,469 1,882,274
Accrued expenses 4,336,820 5,809,872
Note payable 178,786 170,488
Line of credit 4,570,000 3,520,000
Current portion of operating lease liability 452,014 428,334
Deferred revenue 9,439,786 9,788,574
Total current liabilities 21,721,875 21,599,542
Other Liabilities    
Deferred revenue, net of current portion 47,733,557 46,556,990
Note payable, net of current portion and debt issuance costs 8,273,115 8,310,045
Operating lease long-term liability 386,809 505,053
Long-term liability - revenue sharing agreements 875,000 875,000
Other liabilities 47,020 47,020
Total other liabilities 57,315,501 56,294,108
Total liabilities 79,037,376 77,893,650
Commitments and contingencies (Note 9) 0 0
Stockholders' Deficit    
Preferred stock 0 0
Common stock ($.01 par value, 20,000,000 authorized; 14,869,619 issued and 8,082,159 outstanding as of February 28, 2025 and 14,869,619 issued and 8,082,159 outstanding as of November 30, 2024) 148,696 148,696
Additional paid-in capital 44,565,861 44,268,469
Treasury stock, at cost (24,855,556) (24,855,556)
Accumulated deficit (34,515,310) (32,777,626)
Total stockholders' deficit (14,656,309) (13,216,017)
Total liabilities and stockholders' deficit 64,381,067 64,677,633
Series A Junior Participating Preferred Stock [Member]    
Stockholders' Deficit    
Preferred stock $ 0 $ 0

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