Note 6 - Contract Receivables, Contract Assets and Contract Liabilities

6 Months Ended

May 31, 2024

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.

	May 31, 2024		November 30, 2023
Receivables	$	2,647,000	$	3,432,000
Assets		35,000		289,000
Liabilities		2,162,000		767,000

The amount of revenue recognized in the first six months of fiscal 2024 that was included in a contract liability on  November 30, 2023 was approximately $655,000 compared to $1,153,000 in the same period of fiscal 2023. The beginning contract receivables, assets and liabilities on December 1, 2022 were approximately $2,466,000; $451,000 and $1,153,000, respectively.