v3.26.1
Note 14 - Leases
6 Months Ended
May 31, 2026
Notes to Financial Statements  
Leases [Text Block]
 

14)

Leases

 

 

The components of finance leases on the Condensed Consolidated Balance Sheets on May 31, 2026 and November 30, 2025 were as follows:

 

  

May 31, 2026

  

November 30, 2025

 

Finance lease right-of-use assets (net of amortization in other assets)

 $286,463  $368,720 
         

Current portion of finance lease liabilities

 $269,135  $255,748 

Long-term portion of finance lease liabilities

  268,111   408,154 

Total finance lease liabilities

 $537,246  $663,902 

 

The Company entered into a sales-type lease agreement as the lessor in the second quarter of fiscal 2026. The expected inception of the lease is July 1, 2026 with $5,682 per month over 36 months of lease payments and $62,500 for delivery and installation.