| Schedule of Assets and Liabilities from Contracts With Customers |
The following table provides information about assets and liabilities from contracts with customers:
|
|
|
|
|
|
|
|
|
|
|
May 31, 2026 |
|
|
November 30, 2025 |
|
Contract assets (sales commissions) |
|
$ |
892,371 |
|
|
$ |
855,142 |
|
Accounts receivable |
|
$ |
6,910,079 |
|
|
$ |
6,846,180 |
|
Short-term contract liabilities (deferred revenue) |
|
$ |
9,498,548 |
|
|
$ |
9,730,318 |
|
Long-term contract liabilities (deferred revenue) |
|
$ |
53,269,359 |
|
|
$ |
50,974,678 |
|
The following table presents changes in the Company’s contract assets and liabilities during the six months ended May 31, 2026:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at
December 1,
2025 |
|
|
Additions |
|
|
Deductions |
|
|
Balance at
May 31,
2026 |
|
Contract assets (sales commissions) |
|
$ |
855,142 |
|
|
$ |
60,875 |
|
|
$ |
(23,646 |
) |
|
$ |
892,371 |
|
Accounts receivable |
|
$ |
6,846,180 |
|
|
$ |
18,618,873 |
|
|
$ |
(18,554,974 |
) |
|
$ |
6,910,079 |
|
Contract liabilities (deferred revenue) |
|
$ |
60,704,996 |
|
|
$ |
16,543,574 |
|
|
$ |
(14,480,663 |
) |
|
$ |
62,767,907 |
|
The following table presents changes in the Company’s contract assets and liabilities during the six months ended May 31, 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
| 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, 2026 and November 30, 2025, respectively, segregated among the appropriate levels within the fair value hierarchy:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value at |
|
|
Fair Value Measurements at May 31, 2026 Using |
|
Description |
|
May 31, 2026 |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Marketable securities |
|
$ |
2,654,665 |
|
|
$ |
2,654,665 |
|
|
$ |
— |
|
|
$ |
— |
|
Total |
|
$ |
2,654,665 |
|
|
$ |
2,654,665 |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value at |
|
|
Fair Value Measurements at November 30, 2025 Using |
|
Description |
|
November 30, 2025 |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Marketable securities |
|
$ |
2,977,013 |
|
|
$ |
2,977,013 |
|
|
$ |
— |
|
|
$ |
— |
|
Total |
|
$ |
2,977,013 |
|
|
$ |
2,977,013 |
|
|
$ |
— |
|
|
$ |
— |
|
|