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LEASES (Tables)
3 Months Ended
Feb. 29, 2024
Leases [Abstract]  
Schedule of Lease Cost
The following table presents the various components of operating lease costs:
Three Months Ended
February 29, 2024February 28, 2023
Operating lease cost$68,920 $51,760 
Short-term lease cost20,486 4,719 
Variable lease cost10,756 12,331 
Sublease income(492)(1,363)
Total operating lease cost$99,670 $67,447 
The weighted-average remaining lease term and discount rate as of February 29, 2024 and November 30, 2023 were as follows:
As of
February 29, 2024November 30, 2023
Weighted-average remaining lease term (years)4.774.88
Weighted-average discount rate6.52 %6.41 %
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 February 29, 2024:
Fiscal Years Ending November 30,
2024 (remaining nine months)
$219,100 
2025253,922 
2026188,929 
2027130,847 
202892,334 
Thereafter153,969 
Total payments1,039,101 
Less: imputed interest*156,627 
Total present value of lease payments$882,474 
*Imputed interest represents the difference between undiscounted cash flows and discounted cash flows.
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
February 29, 2024November 30, 2023
Operating lease ROU assetsOther assets, net$839,337 $813,590 
Current operating lease liabilitiesOther accrued liabilities233,019 229,010 
Non-current operating lease liabilitiesOther long-term liabilities649,455 623,290 
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:
Three Months Ended
February 29, 2024February 28, 2023
Cash paid for amounts included in the measurement of lease liabilities$75,842 $53,825 
Non-cash ROU assets obtained in exchange for lease liabilities87,511 41,394