Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets

v3.25.3
Consolidated Balance Sheets - USD ($)
Aug. 31, 2025
Nov. 30, 2024
Current Assets    
Cash and cash equivalents $ 265,207 $ 560,960
Marketable securities 2,956,238 2,935,183
Accounts receivable (net of allowance for doubtful accounts of $4,416,201 and $4,266,406, respectively) 6,833,380 7,309,094
Prepaid expenses 617,930 637,055
Inventory, current portion 655,254 657,703
Other current assets 344,994 454,598
Total current assets 11,673,003 12,554,593
Property and Equipment-net 21,199,002 21,894,263
Other Assets    
Intangible assets, net 874,229 921,254
Inventory, net of current portion 4,864,834 4,942,115
Goodwill 1,941,411 1,941,411
Deferred tax assets 20,802,023 20,802,023
Operating lease right-of-use asset 906,848 806,339
Deposits and other assets, net 907,779 815,635
Total other assets 30,297,124 30,228,777
Total assets 63,169,129 64,677,633
Current Liabilities    
Accounts payable 2,611,921 1,882,274
Accrued expenses 2,284,575 5,809,872
Note payable 179,187 170,488
Line of credit 3,200,000 3,520,000
Current portion of operating lease liability 434,604 428,334
Deferred revenue 9,741,319 9,788,574
Total current liabilities 18,451,606 21,599,542
Other Liabilities    
Deferred revenue, net of current portion 49,842,932 46,556,990
Note payable, net of current portion and debt issuance costs 8,206,768 8,310,045
Operating lease long-term liability 577,202 505,053
Long-term liability - revenue sharing agreements 875,000 875,000
Other liabilities 47,020 47,020
Total other liabilities 59,548,922 56,294,108
Total liabilities 78,000,528 77,893,650
Commitments and contingencies (Note 9) 0 0
Stockholders' Deficit    
Preferred stock 0 0
Common stock ($.01 par value, 20,000,000 authorized; 14,877,119 issued and 8,055,150 outstanding as of August 31, 2025 and 14,869,619 issued and 8,082,159 outstanding as of November 30, 2024) 148,771 148,696
Additional paid-in capital 44,665,693 44,268,469
Treasury stock, at cost (25,025,058) (24,855,556)
Accumulated deficit (34,620,805) (32,777,626)
Total stockholders' deficit (14,831,399) (13,216,017)
Total liabilities and stockholders' deficit 63,169,129 64,677,633
Series A Junior Participating Preferred Stock [Member]    
Stockholders' Deficit    
Preferred stock $ 0 $ 0