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Description of Business, Basis of Presentation and Significant Accounting Policies (Tables) | 3 Months Ended
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Feb. 28, 2019
Accounting Policies [Abstract] |
Disaggregation of Revenue | The following table provides information about disaggregated revenue by products and services:
|  | Three months ended |
|  | February 28, 2019 |  |  | February 28, 2018 |
Processing and storage fees |  | $ | 7,335,027 |  |  | $ | 6,200,067 |
Public banking revenue |  |  | 134,365 |  |  |  | — |
Licensee and royalty income |  |  | — |  |  |  | — |
Product revenue |  |  | 25,720 |  |  |  | 28,051 |
|  | $ | 7,495,112 |  |  | $ | 6,228,118 |
Schedule of Assets and Liabilities From Contracts With Customers | The following table provides information about assets and liabilities from contracts with customers:
|  | February 28, 2019 |  |  | At Adoption |
Contract assets (sales commissions) |  | $ | 345,757 |  |  | $ | 329,231 |
Accounts receivables |  | $ | 5,694,162 |  |  | $ | 5,867,335 |
Short-term contract liabilities (deferred revenue) |  | $ | 8,266,997 |  |  | $ | 8,365,284 |
Long-term contract liabilities (deferred revenue) |  | $ | 21,124,200 |  |  | $ | 20,317,231 |
The following table presents changes in the Company’s contract assets and liabilities during the three months ended February 28, 2019:
|  | Balance at December 1, 2018 |  |  | Additions |  |  | Deductions |  |  | Balance at February 28, 2019 |
Contract assets (sales commissions) |  | $ | 329,231 |  |  | $ | 20,954 |  |  | $ | (4,428 | ) |  | $ | 345,757 |
Accounts receivables |  |  | 5,867,335 |  |  |  | 9,017,603 |  |  |  | (9,190,776 | ) |  |  | 5,694,162 |
Contract liabilities (deferred revenue) |  |  | 28,682,515 |  |  |  | 4,467,979 |  |  |  | (3,759,297 | ) |  |  | 29,391,197 |
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 February 28, 2019 and November 30, 2018, respectively, segregated among the appropriate levels within the fair value hierarchy:
|  | Fair Value at February 28, 2019 |  |  | Fair Value Measurements at February 28, 2019 Using |
Description |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marketable Securities |  | $ | 808,510 |  |  | $ | 808,510 |  |  |  | — |  |  |  | — |
|  | $ | 808,510 |  |  | $ | 808,510 |  |  |  | — |  |  |  | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration |  | $ | 4,650,032 |  |  | $ | — |  |  |  | — |  |  | $ | 4,650,032 |
Total |  | $ | 4,650,032 |  |  | $ | — |  |  |  | — |  |  | $ | 4,650,032 |
Contingent Consideration: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance as of November 30, 2018 |  | $ | 4,282,975 |  |  |  |  |  |  |  |  |  |  |  |  |
Additions – Cord:Use earnout |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value adjustment as of February 28, 2019 |  |  | 367,057 |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance as of February 28, 2019 |  | $ | 4,650,032 |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Fair Value Measurements |
|  | Fair Value at |  |  | at November 30, 2018 Using |
Description |  | November 30, 2018 |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trading Securities |  | $ | 68,816 |  |  | $ | 68,816 |  |  |  | — |  |  |  | — |
Available-for-sale |  |  | 806,873 |  |  |  | 806,873 |  |  |  | — |  |  |  | — |
|  | $ | 875,689 |  |  | $ | 875,689 |  |  |  | — |  |  |  | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration |  | $ | 4,282,975 |  |  | $ | — |  |  |  | — |  |  | $ | 4,282,975 |
Total |  | $ | 4,282,975 |  |  | $ | — |  |  |  | — |  |  | $ | 4,282,975 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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