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Description of Business, Basis of Presentation and Significant Accounting Policies (Tables)

12 Months Ended

Nov. 30, 2019

Accounting Policies [Abstract]

Disaggregation of Revenue

The following table provides information about disaggregated revenue by products and services:

		Twelve months ended
		November 30, 2019				November 30, 2018
Processing and storage fees		$	29,991,972			$	27,817,872
Public banking revenue			652,204				296,295
Licensee and royalty income			1,000,000				1,000,000
Product revenue			172,395				104,323
		$	31,816,571			$	29,218,490

Schedule of Assets and Liabilities From Contracts With Customers

The following table provides information about assets and liabilities from contracts with customers:

		November 30, 2019				At Adoption
Contract assets (sales commissions)		$	398,535			$	329,231
Accounts receivables		$	6,097,331			$	5,867,335
Short-term contract liabilities (deferred revenue)		$	8,875,138			$	8,365,284
Long-term contract liabilities (deferred revenue)		$	23,633,373			$	20,317,231

The Company, in general, requires the customer to pay for processing and storage services at the time of processing. Contract assets include deferred contract acquisition costs, which will be amortized along with the associated revenue. Contract liabilities include payments received in advance of performance under the contract and are realized with the associated revenue recognized under the contract. Accounts receivable consists of amounts due from clients that have enrolled and processed in the umbilical cord blood stem cell processing and storage programs related to renewals of annual plans and amounts due from license affiliates, and sublicensee territories. The Company did not have asset impairment charges related to contract assets in the twelve months ended November 30, 2019.

The following table presents changes in the Company’s contract assets and liabilities during the twelve months ended November 30, 2019:

		Balance at December 1, 2018				Additions				Deductions				Balance at November 30, 2019
Contract assets (sales commissions)		$	329,231			$	88,569			($	19,265	)		$	398,535
Accounts receivables		$	5,867,335			$	36,579,504			($	36,349,508	)		$	6,097,331
Contract liabilities (deferred revenue)		$	28,682,515			$	18,759,963			($	14,933,967	)		$	32,508,511

Estimated Useful Lives of Property and Equipment

Estimated useful lives of property and equipment are as follows:

Furniture and equipment		3-10 years
Leasehold improvements		Lesser of 8-10 years or the lives of the leases
Computer software – internal use		1-5 years

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 November 30, 2019 and November 30, 2018, respectively, segregated among the appropriate levels within the fair value hierarchy:

		Fair Value at				at November 30, 2019 Using
Description		November 30, 2019				Level 1				Level 2				Level 3
Assets:
Marketable securities		$	904,053			$	904,053				—				—
Total		$	904,053			$	904,053				—				—
Liabilities:
Contingent consideration		$	3,495,057			$	—				—			$	3,495,057
Total		$	3,495,057			$	—				—			$	3,495,057
Contingent Consideration:
Beginning Balance as of November 30, 2018		$	4,282,975
Subtractions – Cord:Use earnout payment			(45,000	)
Fair value adjustment as of November 30, 2019			(742,918	)
Ending balance as of November 30, 2019		$	3,495,057
		Fair Value at				Fair Value Measurements 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 securities			806,873				806,873				—				—
Total		$	875,689			$	875,689				—				—
Liabilities:
Contingent consideration		$	4,282,975			$	—				—			$	4,282,975
Total		$	4,282,975			$	—				—			$	4,282,975

Calculation of Basic and Diluted Net (loss) Income per Common Share

The composition of basic and diluted net (loss) income per share is as follows:

		November 30, 2019				November 30, 2018
Numerator:
Net income (loss)		$	2,290,774			($	854,824	)
Denominator:
Weighted-average shares outstanding-basic			7,794,828				7,463,051
Dilutive common shares issuable upon exercise of stock options			617,586				—
Weighted-average shares-diluted			8,412,414				7,463,051
Income(Loss) per share:
Basic		$	0.29			($	0.11	)
Diluted		$	0.27			($	0.11	)

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