XML 91 R44.htm IDEA: XBRL DOCUMENT v3.20.4
LEASES (Tables)
 12 Months Ended
Nov. 30, 2020
Leases [Abstract]  
Schedule of lease costs

As of November 30, 2020, right-of-use assets of $1,200,447, current lease liabilities of $257,608, and non-current lease liabilities of $828,005 are reflected in the accompanying Consolidated Balance Sheets. The elements of lease expense were as follows:

 

    November 30,2020  
Lease Cost:        
Operating lease cost   $ 198,402  
Short-term lease cost     24,560  
Variable lease cost     8.696  
Total lease cost   $ 231,658  
         
Other Information:        
Cash paid for amounts included in the measurement of operating lease liabilities   $ 309,642  
Operating lease liabilities arising from obtaining right-of-use assets   $ 1,336,153  
         
Operating Leases:        
Weighted-average remaining lease term (in years)     4.9 years  
Weighted-average discount rate     8.4 %
Schedule of future lease payments under non-cancelable operating leases

Future lease payments under non-cancelable operating leases as of November 30, 2020 are as follows:

 

 Fiscal Year Ended November 30,        
2021     $ 335,317  
2022       259,261  
2023       213,859  
2024       216,866  
2025       188,913  
Thereafter       97,086  
Total lease payments       1,311,302  
Less: imputed interest       225,689  
Total lease liabilities     $ 1,085,613  
Schedule of lease commitments by fiscal year

The Company had the following commitments by fiscal year at November 30, 2019:

 

Location  2020   2021   2022   2023   2024   2025 and
beyond		 
Wilmington, MA  $24,987   $115,371   $117,972   $120,979   $123,986   $300,660 
Fort Wayne, IN   30,357    30,585    7,646    —    —    — 
South Africa*   13,098    2,217    —    —    —    — 
Total  $68,442   $148,173   $125,618   $120,979   $123,986   $300,660 
(*USD based on November 30, 2019 exchange rate)