| Schedule of Assets and Liabilities from Contracts With Customers |
The following table provides information about assets and liabilities from contracts with customers:
|
|
|
|
|
|
|
|
|
|
|
May 31, 2025 |
|
|
November 30, 2024 |
|
Contract assets (sales commissions) |
|
$ |
814,796 |
|
|
$ |
775,147 |
|
Accounts receivable |
|
$ |
6,931,474 |
|
|
$ |
7,309,094 |
|
Short-term contract liabilities (deferred revenue) |
|
$ |
9,574,621 |
|
|
$ |
9,788,574 |
|
Long-term contract liabilities (deferred revenue) |
|
$ |
48,818,976 |
|
|
$ |
46,556,990 |
|
The following table presents changes in the Company’s contract assets and liabilities during the six months ended May 31, 2025:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at
December 1,
2024 |
|
|
Additions |
|
|
Deductions |
|
|
Balance at
May 31,
2025 |
|
Contract assets (sales commissions) |
|
$ |
775,147 |
|
|
$ |
60,840 |
|
|
$ |
(21,191 |
) |
|
$ |
814,796 |
|
Accounts receivable |
|
$ |
7,309,094 |
|
|
$ |
20,926,235 |
|
|
$ |
(21,303,855 |
) |
|
$ |
6,931,474 |
|
Contract liabilities (deferred revenue) |
|
$ |
56,345,564 |
|
|
$ |
12,250,560 |
|
|
$ |
(10,202,527 |
) |
|
$ |
58,393,597 |
|
The following table presents changes in the Company’s contract assets and liabilities during the six months ended May 31, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at
December 1,
2023 |
|
|
Additions |
|
|
Deductions |
|
|
Balance at
May 31, 2024 |
|
Contract assets (sales commissions) |
|
$ |
695,695 |
|
|
$ |
61,669 |
|
|
$ |
(18,809 |
) |
|
$ |
738,555 |
|
Accounts receivable |
|
$ |
6,576,240 |
|
|
$ |
21,115,429 |
|
|
$ |
(20,860,222 |
) |
|
$ |
6,831,447 |
|
Contract liabilities (deferred revenue) |
|
$ |
50,891,353 |
|
|
$ |
10,803,662 |
|
|
$ |
(8,193,735 |
) |
|
$ |
53,501,280 |
|
|
| 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 May 31, 2025 and November 30, 2024, respectively, segregated among the appropriate levels within the fair value hierarchy:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value at |
|
|
Fair Value Measurements at May 31, 2025 Using |
|
Description |
|
May 31, 2025 |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Marketable securities |
|
$ |
4,293,513 |
|
|
$ |
4,293,513 |
|
|
$ |
— |
|
|
$ |
— |
|
Total |
|
$ |
4,293,513 |
|
|
$ |
4,293,513 |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
$ |
— |
|
|
$ |
— |
|
|