v3.25.2
Income Taxes (Tables)
6 Months Ended
May 31, 2025
Income Taxes [Abstract]  
Schedule of Deferred Income Taxes

The Company’s deferred income taxes are comprised of the following:

 

   May 31,   November 30, 
   2025   2024 
Deferred Tax Assets        
Depreciation  $46,533   $43,847 
Allowance for bad debts   22,115    17,493 
Inventory   84,450    84,450 
Facilities rental   40,591    39,668 
Other   52,157    75,398 
           
Total deferred tax assets   245,846    260,856 
Valuation allowance   
-
    
-
 
Deferred Tax Assets  $245,846   $260,856 
Schedule of Income Tax Expense

The Company’s income tax expense consists of the following:

 

   Six Months Ended 
   May 31,
2025
   May 31,
2024
 
Current:        
Federal  $36,794   $18,976 
States   14,310    17,253 
    51,104    36,229 
           
Deferred:          
Federal   10,807    
-
 
States   4,203    19,024 
    15,010    19,024 
Provision for income taxes  $66,114   $55,253 
Schedule of Reconciliation Effective Tax Rate A reconciliation of the difference between the expected income tax rate using the statutory federal tax rate and the Company’s effective rate is as follows:
   Six Months Ended 
   May 31,   May 31, 
   2025   2024 
U.S Federal Income tax statutory rate   21%   21%
State income taxes   5%   5%
Other-primarily state franchise taxes   1%   4%
Effective tax rate   27%   30%