| Schedule of Assets and Liabilities From Contracts With Customers |
The following table provides information about assets and liabilities from contracts with customers:
|
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|
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|
February 28, 2025 |
|
|
November 30, 2024 |
|
Contract assets (sales commissions) |
|
$ |
796,160 |
|
|
$ |
775,147 |
|
Accounts receivable |
|
$ |
7,211,985 |
|
|
$ |
7,309,094 |
|
Short-term contract liabilities (deferred revenue) |
|
$ |
9,439,786 |
|
|
$ |
9,788,574 |
|
Long-term contract liabilities (deferred revenue) |
|
$ |
47,733,557 |
|
|
$ |
46,556,990 |
|
The following table presents changes in the Company’s contract assets and liabilities during the three months ended February 28, 2025:
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|
|
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|
|
|
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|
|
|
|
|
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Balance at
December 1,
2024 |
|
|
Additions |
|
|
Deductions |
|
|
Balance at
February 28,
2025 |
|
Contract assets (sales commissions) |
|
$ |
775,147 |
|
|
$ |
31,450 |
|
|
$ |
(10,437 |
) |
|
$ |
796,160 |
|
Accounts receivable |
|
$ |
7,309,094 |
|
|
$ |
10,560,647 |
|
|
$ |
(10,657,756 |
) |
|
$ |
7,211,985 |
|
Contract liabilities (deferred revenue) |
|
$ |
56,345,564 |
|
|
$ |
5,168,613 |
|
|
$ |
(4,340,834 |
) |
|
$ |
57,173,343 |
|
The following table presents changes in the Company’s contract assets and liabilities during the three months ended February 29, 2024:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at
December 1,
2023 |
|
|
Additions |
|
|
Deductions |
|
|
Balance at
February 29, 2024 |
|
Contract assets (sales commissions) |
|
$ |
695,695 |
|
|
$ |
30,179 |
|
|
$ |
(9,253 |
) |
|
$ |
716,621 |
|
Accounts receivable |
|
$ |
6,576,240 |
|
|
$ |
10,250,022 |
|
|
$ |
(10,099,369 |
) |
|
$ |
6,726,893 |
|
Contract liabilities (deferred revenue) |
|
$ |
50,891,353 |
|
|
$ |
5,297,596 |
|
|
$ |
(4,190,467 |
) |
|
$ |
51,998,482 |
|
|
| Financial Assets and Liabilities Measured at Fair Value on Recurring Basis |
The following table summarizes the financial assets and liabilities measured at fair value on a recurring basis as of February 28, 2025 and November 30, 2024, respectively, segregated among the appropriate levels within the fair value hierarchy:
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|
|
|
|
|
|
|
Fair Value at |
|
|
Fair Value Measurements at February 28, 2025 Using |
|
Description |
|
February 28, 2025 |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Assets: |
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|
|
|
|
|
|
|
|
|
|
|
Marketable securities |
|
$ |
3,256,301 |
|
|
$ |
3,256,301 |
|
|
$ |
— |
|
|
$ |
— |
|
Total |
|
$ |
3,256,301 |
|
|
$ |
3,256,301 |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value at |
|
|
Fair Value Measurements at November 30, 2024 Using |
|
Description |
|
November 30, 2024 |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Marketable securities |
|
$ |
2,935,183 |
|
|
$ |
2,935,183 |
|
|
$ |
— |
|
|
$ |
— |
|
Total |
|
$ |
2,935,183 |
|
|
$ |
2,935,183 |
|
|
$ |
— |
|
|
$ |
— |
|
|