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Note 6 - Contract Receivables, Contract Assets and Contract Liabilities | 3 Months Ended
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Feb. 28, 2025
Notes to Financial Statements |
Contract Receivable, Contract Assets, and Contract Liabilities [Text Block] |
| 6) | Contract Receivables, Contract Assets and Contract Liabilities
The following table provides information about contract receivables, contract assets, and contract liabilities from contracts with customers included on the Condensed Consolidated Balance Sheets.
|  | February 28, 2025 |  |  | November 30, 2024 |
Receivables |  | $ | 1,407,000 |  |  | $ | 2,373,000 |
Assets |  |  | 288,000 |  |  |  | 213,000 |
Liabilities |  |  | 2,147,000 |  |  |  | 2,110,000 |
The amount of revenue recognized in the first three months of fiscal 2025 that was included in a contract liability on November 30, 2024 was approximately $197,000 compared to $560,000 in the same period of fiscal 2024. The beginning contract receivables, assets and liabilities on December 1, 2023 were approximately $3,432,000; $289,000 and $767,000, respectively.

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- Definition The entire disclosure for contract receivables, contract assets and contract liabilities. + References No definition available. + Details
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