Note 5 - Contract Receivables, Contract Assets and Contract Liabilities

9 Months Ended

Aug. 31, 2023

Notes to Financial Statements

Contract Receivable, Contract Assets, and Contract Liabilities [Text Block]

5) 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.

	August 31, 2023		November 30, 2022
Receivables	$	4,456,000	$	2,467,000
Assets		286,000		451,000
Liabilities		1,064,000		1,153,000

The amount of revenue recognized in the first nine months of fiscal 2023 that was included in a contract liability on  November 30, 2022 was approximately $1,153,000 compared to $559,000 in the same period of fiscal 2022. The beginning contract receivables, assets and liabilities on December 1, 2021 were approximately $2,380,000; $177,000 and $558,000, respectively.