LEASES (Tables)
|
6 Months Ended |
May 31, 2026 |
|---|
| Leases [Abstract] |
|
| Schedules of Lease Costs and Weighted Average Remaining Lease Term and Discount Rate |
The following table presents the various components of operating lease costs: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | May 31, 2026 | | May 31, 2025 | | May 31, 2026 | | May 31, 2025 | Operating lease cost | $ | 85,131 | | | $ | 79,977 | | | $ | 171,356 | | | $ | 154,259 | | Short-term lease cost | 17,069 | | | 17,669 | | | 31,977 | | | 37,323 | | Variable lease cost | 15,346 | | | 13,854 | | | 29,776 | | | 26,325 | | Sublease income | (466) | | | (287) | | | (921) | | | (2,154) | | Total operating lease cost | $ | 117,080 | | | $ | 111,213 | | | $ | 232,188 | | | $ | 215,753 | |
The weighted-average remaining lease term and discount rate as of May 31, 2026 and November 30, 2025 were as follows: | | | | | | | | | | | | | As of | | May 31, 2026 | | November 30, 2025 | Weighted-average remaining lease term (years) | 4.30 | | 4.20 | Weighted-average discount rate | 7.07 | % | | 6.85 | % |
|
| Operating Lease Liability Maturity Schedule |
The following table presents a maturity analysis of expected undiscounted cash flows for operating leases on an annual basis for the next five fiscal years and thereafter as of May 31, 2026: | | | | | | Fiscal Years Ending November 30, | | 2026 (remaining six months) | $ | 163,169 | | 2027 | 284,947 | | 2028 | 231,708 | | 2029 | 166,274 | | 2030 | 101,937 | | Thereafter | 129,812 | | Total payments | 1,077,847 | | Less: imputed interest* | 158,460 | | Total present value of lease payments | $ | 919,387 | |
|
| Schedule of Amounts Recorded In Consolidated Balance Sheet Related to Operating Leases |
The following amounts were recorded in the consolidated balance sheets related to the Company’s operating leases: | | | | | | | | | | | | | | | | | | | | | | | | | As of | Description | | Balance Sheet location | | May 31, 2026 | | November 30, 2025 | Operating lease ROU assets | | Other assets | | $ | 877,332 | | | $ | 857,025 | | Current operating lease liabilities | | Other accrued liabilities | | 252,982 | | | 256,739 | | Non-current operating lease liabilities | | Other long-term liabilities | | 666,405 | | | 641,444 | |
|
| Schedule of Supplemental Cash Flow Information Related to Operating Leases |
The following table presents supplemental cash flow information related to the Company’s operating leases. Cash payments related to variable lease costs and short-term leases are not included in the measurement of operating lease liabilities, and, as such, are excluded from the amounts below: | | | | | | | | | | | | | Six Months Ended | | May 31, 2026 | | May 31, 2025 | Cash paid for amounts included in the measurement of lease liabilities | $ | 164,759 | | | $ | 146,313 | | Non-cash ROU assets obtained in exchange for lease liabilities | 143,684 | | | 110,985 | |
|