v3.26.3
Note 14 - Leases
9 Months Ended
Aug. 31, 2026
Notes to Financial Statements  
Leases [Text Block]
 

14)

Leases

 

The components of sales-type leases as a lessor on the Condensed Consolidated Balance Sheets on August 31, 2026 were as follows:

 

  

August 31, 2026

 

Minimum lease receivable, current

 $68,184 

Unearned interest income, current

  (14,554)

Net investment in sales-type leases, current

 $53,630 
     

Minimum lease receivable, long-term

 $136,368 

Unearned interest income, long-term

  (13,998)

Net investment in sales-type leases, long-term

 $122,370

 

 

The future minimum lease receipts for the twelve month periods ended November 30 are as follows:

 

Year

 

Amount

 

2026

 $17,046 

2027

  68,184 
2028  68,184 

2029

  51,138 

Total

 $204,552 

 

 

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

 

  

August 31, 2026

  

November 30, 2025

 

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

 $245,448  $368,720 
         

Current portion of finance lease liabilities

 $270,647  $255,748 

Long-term portion of finance lease liabilities

  202,141   408,154 

Total finance lease liabilities

 $472,788  $663,902