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Revenue From Contracts With Customers (Tables)
9 Months Ended
Nov. 30, 2024
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Summary of Contract Liabilities

The following table summarizes contract liabilities as of November 30, 2024 and November 30, 2023:

 

 

Nine Months Ended
November 30,

 

($'s in thousands)

 

2024

 

 

2023

 

Contract liabilities at the beginning of the year:

 

$

828

 

 

$

943

 

Revenue recognized

 

 

(189

)

 

 

(127

)

Contract fees received

 

 

101

 

 

 

46

 

Contract liabilities at the end of the period:

 

$

740

 

 

$

862

 

Schedule of Revenue Expected to Be Recognized in the Future, Related to Performance Obligations

At November 30, 2024, annual revenue expected to be recognized in the future, related to performance obligations that are not yet fully satisfied, are estimated to be the following (amounts in thousands):

 

2025

 

$

36

 

2026

 

 

139

 

2027

 

 

126

 

2028

 

 

102

 

2029

 

 

80

 

Thereafter

 

 

257

 

Total

 

$

740