Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.20.2
LEASES (Tables)
 6 Months Ended
May 31, 2020
Leases [Abstract]  
Schedule of lease costs

The elements of lease expense were as follows: 

 

    Three Months Ended     Six Months Ended  
    May 31, 2020     May 31, 2020  
Lease Cost:                
Operating lease cost   $ 34,356     $ 46,642  
Short-term lease cost     4,887       9,824  
Variable lease cost     3,406       8,696  
Total lease cost   $ 42,649     $ 65,162  
                 
Other Information:                
Cash paid for amounts included in the measurement of operating lease liabilities           $ 144,259  
Operating lease liabilities arising from obtaining right-of-use assets           $ 848,312  
                 
Operating Leases:                
Weighted-average remaining lease term (in years)             5.8 years  
Weighted-average discount rate             8.9 %
Schedule of future lease payments under non-cancelable operating leases

Future lease payments under non-cancelable operating leases as of May 31, 2020 were as follows:

  

Fiscal Year Ended November 30,        
2020 (six months)   $ 122,051  
2021     186,473  
2022     125,618  
2023     120,979  
2024     123,986  
Thereafter     224,242  
Total lease payments     903,349  
Less: imputed interest     (182,328 )
Total lease liabilities   $ 721,021  
Schedule of lease commitments by fiscal year
  The Company had the following lease commitments by fiscal year at November 30, 2019:

 

Location   2020     2021     2022     2023     2024     2025 and beyond  
Wilmington/Andover, MA   $ 24,987     $ 115,371     $ 117,972     $ 120,979     $ 123,986     $ 300,660  
Fort Wayne, IN     30,357       30,585       7,646       —       —       —  
South Africa*     13,098       2,217       —       —       —       —  
Total   $ 68,442     $ 148,173     $ 125,618     $ 120,979     $ 123,986     $ 300,660  
(*USD based on November 30, 2019 exchange rate)