v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
May 31, 2025
May 31, 2024
Cash flows from operations:    
Net income (loss) from continuing operations $ 1,426,313 $ (428,915)
Net income (loss) on discontinued operations 0 (69,465)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Stock based compensation 104,165 127,596
Decrease in obsolete inventory reserves 71,156 231,220
Depreciation and amortization expense 397,937 434,300
Increase (decrease) in allowance for expected credit losses - accounts receivable (60,797) 17,540
Deferred income taxes 378,721 (134,910)
Changes in assets and liabilities:    
Accounts receivable 592,905 767,716
Inventories (519,046) 303,321
Other assets (182,593) (218,547)
Accounts payable 303,687 (1,237,351)
Contracts in progress, net (1,011,548) 1,895,655
Customer deposits 25,630 (246,625)
Income taxes payable (500) 0
Accrued expenses (334,566) (375,425)
Net cash provided by operating activities - continuing operations 1,252,373 1,196,484
Net cash used in operating activities - discontinued operations 0 (48,862)
Net cash provided by operating activities 1,252,373 1,147,622
Cash flows from investing activities:    
Purchases of property, plant, and equipment (213,441) (512,547)
Net cash used in investing activities - continuing operations (213,441) (512,547)
Net cash provided by (used in) investing activities - discontinued operations 0
Net cash used in investing activities (213,441) (512,547)
Cash flows from financing activities:    
Net change in line of credit (866,000) (463,083)
Principal payments on finance lease obligations (109,724) (77,798)
Repayment of term debt (58,992) (54,260)
Repurchases of common stock (1,542) (37,654)
Net cash used in financing activities - continuing operations (1,036,258) (632,795)
Net cash used in financing activities - discontinued operations 0 (1,807)
Net cash used in financing activities (1,036,258) (634,602)
Net increase in cash 2,674 473
Cash at beginning of period 1,860 4,014
Cash at end of period 4,534 4,487
Supplemental disclosures of cash flow information:    
Interest 157,131 323,633
Income taxes 992 90
Right-of-use (ROU) assets acquired (included in other assets) 52,285 38,192
Amortization of operating lease ROU assets (included in other assets) 13,774 4,275
Computer Software, Intangible Asset [Member]    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Amortization of cloud computing implementation costs $ 60,909 $ 60,909