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Description of Business, Basis of Presentation and Significant Accounting Policies (Tables) | 6 Months Ended
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May 31, 2025
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:
|  | May 31, 2025 |  |  | November 30, 2024 |
Contract assets (sales commissions) |  | $ | 814,796 |  |  | $ | 775,147 |
Accounts receivable |  | $ | 6,931,474 |  |  | $ | 7,309,094 |
Short-term contract liabilities (deferred revenue) |  | $ | 9,574,621 |  |  | $ | 9,788,574 |
Long-term contract liabilities (deferred revenue) |  | $ | 48,818,976 |  |  | $ | 46,556,990 |
The following table presents changes in the Company’s contract assets and liabilities during the six months ended May 31, 2025:
|  | Balance at December 1, 2024 |  |  | Additions |  |  | Deductions |  |  | Balance at May 31, 2025 |
Contract assets (sales commissions) |  | $ | 775,147 |  |  | $ | 60,840 |  |  | $ | (21,191 | ) |  | $ | 814,796 |
Accounts receivable |  | $ | 7,309,094 |  |  | $ | 20,926,235 |  |  | $ | (21,303,855 | ) |  | $ | 6,931,474 |
Contract liabilities (deferred revenue) |  | $ | 56,345,564 |  |  | $ | 12,250,560 |  |  | $ | (10,202,527 | ) |  | $ | 58,393,597 |
The following table presents changes in the Company’s contract assets and liabilities during the six months ended May 31, 2024:
|  | Balance at December 1, 2023 |  |  | Additions |  |  | Deductions |  |  | Balance at May 31, 2024 |
Contract assets (sales commissions) |  | $ | 695,695 |  |  | $ | 61,669 |  |  | $ | (18,809 | ) |  | $ | 738,555 |
Accounts receivable |  | $ | 6,576,240 |  |  | $ | 21,115,429 |  |  | $ | (20,860,222 | ) |  | $ | 6,831,447 |
Contract liabilities (deferred revenue) |  | $ | 50,891,353 |  |  | $ | 10,803,662 |  |  | $ | (8,193,735 | ) |  | $ | 53,501,280 |
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 May 31, 2025 and November 30, 2024, respectively, segregated among the appropriate levels within the fair value hierarchy:
|  | Fair Value at |  |  | Fair Value Measurements at May 31, 2025 Using |
Description |  | May 31, 2025 |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Marketable securities |  | $ | 4,293,513 |  |  | $ | 4,293,513 |  |  | $ | — |  |  | $ | — |
Total |  | $ | 4,293,513 |  |  | $ | 4,293,513 |  |  | $ | — |  |  | $ | — |
|  | 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 |  |  | $ | — |  |  | $ | — |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + 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://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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