| Schedule of Assets and Liabilities from Contracts With Customers |
The following table provides information about assets and liabilities from contracts with customers:
|
|
|
|
|
|
|
|
|
|
|
August 31, 2025 |
|
|
November 30, 2024 |
|
Contract assets (sales commissions) |
|
$ |
831,458 |
|
|
$ |
775,147 |
|
Accounts receivable |
|
$ |
6,833,380 |
|
|
$ |
7,309,094 |
|
Short-term contract liabilities (deferred revenue) |
|
$ |
9,741,319 |
|
|
$ |
9,788,574 |
|
Long-term contract liabilities (deferred revenue) |
|
$ |
49,842,932 |
|
|
$ |
46,556,990 |
|
The following table presents changes in the Company’s contract assets and liabilities during the nine months ended August 31, 2025:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at
December 1,
2024 |
|
|
Additions |
|
|
Deductions |
|
|
Balance at
August 31,
2025 |
|
Contract assets (sales commissions) |
|
$ |
775,147 |
|
|
$ |
88,543 |
|
|
$ |
(32,232 |
) |
|
$ |
831,458 |
|
Accounts receivable |
|
$ |
7,309,094 |
|
|
$ |
30,869,785 |
|
|
$ |
(31,345,499 |
) |
|
$ |
6,833,380 |
|
Contract liabilities (deferred revenue) |
|
$ |
56,345,564 |
|
|
$ |
19,375,191 |
|
|
$ |
(16,136,504 |
) |
|
$ |
59,584,251 |
|
The following table presents changes in the Company’s contract assets and liabilities during the nine months ended August 31, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at
December 1,
2023 |
|
|
Additions |
|
|
Deductions |
|
|
Balance at
Augist 31, 2024 |
|
Contract assets (sales commissions) |
|
$ |
695,695 |
|
|
$ |
90,545 |
|
|
$ |
(28,682 |
) |
|
$ |
757,558 |
|
Accounts receivable |
|
$ |
6,576,240 |
|
|
$ |
31,775,756 |
|
|
$ |
(31,478,355 |
) |
|
$ |
6,873,641 |
|
Contract liabilities (deferred revenue) |
|
$ |
50,891,353 |
|
|
$ |
16,303,050 |
|
|
$ |
(12,169,354 |
) |
|
$ |
55,025,049 |
|
|
| 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 August 31, 2025 and November 30, 2024, respectively, segregated among the appropriate levels within the fair value hierarchy:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value at |
|
|
Fair Value Measurements at August 31, 2025 Using |
|
Description |
|
August 31, 2025 |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Marketable securities |
|
$ |
2,956,238 |
|
|
$ |
2,956,238 |
|
|
$ |
— |
|
|
$ |
— |
|
Total |
|
$ |
2,956,238 |
|
|
$ |
2,956,238 |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
$ |
— |
|
|
$ |
— |
|
|