| Schedule of Assets and Liabilities from Contracts With Customers |
The following table provides information about assets and liabilities from contracts with customers:
|
|
|
|
|
|
|
|
|
|
|
August 31, 2026 |
|
|
November 30, 2025 |
|
Contract assets (sales commissions) |
|
$ |
909,108 |
|
|
$ |
855,142 |
|
Accounts receivable |
|
$ |
6,833,879 |
|
|
$ |
6,846,180 |
|
Short-term contract liabilities (deferred revenue) |
|
$ |
9,719,618 |
|
|
$ |
9,730,318 |
|
Long-term contract liabilities (deferred revenue) |
|
$ |
54,252,512 |
|
|
$ |
50,974,678 |
|
The following table presents changes in the Company’s contract assets and liabilities during the nine months ended August 31, 2026:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at
December 1,
2025 |
|
|
Additions |
|
|
Deductions |
|
|
Balance at
August 31,
2026 |
|
Contract assets (sales commissions) |
|
$ |
855,142 |
|
|
$ |
91,017 |
|
|
$ |
(37,051 |
) |
|
$ |
909,108 |
|
Accounts receivable |
|
$ |
6,846,180 |
|
|
$ |
27,966,402 |
|
|
$ |
(27,978,703 |
) |
|
$ |
6,833,879 |
|
Contract liabilities (deferred revenue) |
|
$ |
60,704,996 |
|
|
$ |
24,372,558 |
|
|
$ |
(21,105,424 |
) |
|
$ |
63,972,130 |
|
The following table presents changes in the Company’s contract assets and liabilities during the nine months ended August 31, 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
| 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, 2026 and November 30, 2025, respectively, segregated among the appropriate levels within the fair value hierarchy:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value at |
|
|
Fair Value Measurements at August 31, 2026 Using |
|
Description |
|
August 31, 2026 |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Marketable securities |
|
$ |
2,803,292 |
|
|
$ |
2,803,292 |
|
|
$ |
— |
|
|
$ |
— |
|
Total |
|
$ |
2,803,292 |
|
|
$ |
2,803,292 |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
$ |
— |
|
|
$ |
— |
|
|