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Description of Business and Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Nov. 30, 2024
Accounting Policies [Abstract] |
Schedule of Assets and Liabilities From Contracts With Customers | The following table provides information about assets and liabilities from contracts with customers:
|  | November 30, 2024 |  |  | November 30, 2023 |
Contract assets (sales commissions) |  | $ | 775,147 |  |  | $ | 695,695 |
Accounts receivable |  | $ | 7,309,094 |  |  | $ | 6,576,240 |
Short-term contract liabilities (deferred revenue) |  | $ | 9,788,574 |  |  | $ | 9,704,553 |
Long-term contract liabilities (deferred revenue) |  | $ | 46,556,990 |  |  | $ | 41,186,800 |
The following table presents changes in the Company’s contract assets and liabilities during the twelve months ended November 30, 2024:
|  | Balance at December 1, 2023 |  |  | Additions |  |  | Deductions |  |  | Balance at November 30, 2024 |
Contract assets (sales commissions) |  | $ | 695,695 |  |  | $ | 118,498 |  |  | $ | (39,046 | ) |  | $ | 775,147 |
Accounts receivable |  | $ | 6,576,240 |  |  | $ | 42,735,527 |  |  | $ | (42,002,673 | ) |  | $ | 7,309,094 |
Contract liabilities (deferred revenue) |  | $ | 50,891,353 |  |  | $ | 21,665,729 |  |  | $ | (16,211,518 | ) |  | $ | 56,345,564 |
The following table presents changes in the Company’s contract assets and liabilities during the twelve months ended November 30, 2023:
|  | Balance at December 1, 2022 |  |  | Additions |  |  | Deductions |  |  | Balance at November 30, 2023 |
Contract assets (sales commissions) |  | $ | 615,628 |  |  | $ | 114,139 |  |  | $ | (34,072 | ) |  | $ | 695,695 |
Accounts receivable |  | $ | 6,043,941 |  |  | $ | 34,592,477 |  |  | $ | (34,060,178 | ) |  | $ | 6,576,240 |
Contract liabilities (deferred revenue) |  | $ | 45,586,386 |  |  | $ | 24,738,156 |  |  | $ | (19,433,189 | ) |  | $ | 50,891,353 |
Estimated Useful Lives of Property and Equipment | Estimated useful lives of property and equipment are as follows:
Building |  | 39 years
Building improvements |  | 10-39 years
Vehicle |  | 5 years
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, 2024 and November 30, 2023, respectively, segregated among the appropriate levels within the fair value hierarchy:
|  | Fair Value at |  |  | Fair Value Measurements at November 30, 2024 Using |
Description |  | November 30, 2024 |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Marketable securities |  | $ | 2,935,183 |  |  | $ | 2,935,183 |  |  | $ | — |  |  | $ | — |
Total |  | $ | 2,935,183 |  |  | $ | 2,935,183 |  |  | $ | — |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration |  | $ | 47,020 |  |  | $ | — |  |  | $ | — |  |  | $ | 47,020 |
Total |  | $ | 47,020 |  |  | $ | — |  |  | $ | — |  |  | $ | 47,020 |
Contingent Consideration: |  |  |
Beginning Balance as of November 30, 2023 |  | $ | 44,226 |
Fair value adjustment as of November 30, 2024 |  |  | 2,794 |
Ending balance as of November 30, 2024 |  | $ | 47,020 |
|  | Fair Value at |  |  | Fair Value Measurements at November 30, 2023 Using |
Description |  | November 30, 2023 |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Marketable securities |  | $ | 574,183 |  |  | $ | 574,183 |  |  | $ | — |  |  | $ | — |
Interest rate swap |  | $ | 122,113 |  |  | $ | — |  |  | $ | 122,113 |  |  | $ | — |
Total |  | $ | 696,296 |  |  | $ | 574,183 |  |  | $ | 122,113 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration |  | $ | 44,226 |  |  | $ | — |  |  | $ | — |  |  | $ | 44,226 |
Total |  | $ | 44,226 |  |  | $ | — |  |  | $ | — |  |  | $ | 44,226 |
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:
|  |  | Twelve Months Ended |
|  |  | November 30, 2024 |  |  | November 30, 2023 |
Numerator: |  |  |  |  |  |  |
Net income (loss) |  |  | $ | 402,095 |  |  | $ | (9,521,669 | )
Denominator: |  |  |  |  |  |  |
Weighted-average shares outstanding-basic |  |  |  | 8,130,676 |  |  |  | 8,340,839 |
Dilutive common shares issuable upon exercise of stock options |  |  |  | 81,834 |  |  |  | — |
Weighted-average shares-diluted |  |  |  | 8,212,510 |  |  |  | 8,340,839 |
Income (loss) per share: |  |  |  |  |  |  |
Basic |  |  | $ | 0.05 |  |  | $ | (1.14 | )
Diluted |  |  | $ | 0.05 |  |  | $ | (1.14 | )

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