v3.25.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
May 31, 2025
May 31, 2024
May 31, 2025
May 31, 2024
Income Statement [Abstract]        
Net sales $ 8,916,725 $ 7,344,995 $ 16,148,463 $ 14,398,701
Cost of goods sold 6,228,322 5,342,430 11,414,358 10,354,008
Gross profit 2,688,403 2,002,565 4,734,105 4,044,693
Operating expenses:        
Selling and shipping expenses 678,852 672,567 1,332,219 1,344,970
General and administrative expenses 1,929,441 1,200,040 3,308,703 2,636,944
Depreciation and amortization 19,462 17,384 35,079 34,768
Total operating expenses 2,627,755 1,889,991 4,676,001 4,016,682
Income before other income (expense) and income taxes 60,648 112,574 58,104 28,011
Other income (expense):        
Investment income 58,364 128,708 183,330 153,180
Interest expense
Other income (expense) 58,364 128,708 183,330 153,180
Income before income taxes 119,012 241,282 241,434 181,191
Income taxes 1,048 43,342 66,114 55,253
Net income 117,964 197,940 175,320 125,938
Dividends on preferred stock 2,500 2,500
Net income available to common shareholders $ 117,964 $ 197,940 $ 172,820 $ 123,438
Net income per share available to common shareholders:        
Basic (in Dollars per share) $ 0.02 $ 0.04 $ 0.03 $ 0.02
Diluted (in Dollars per share) $ 0.02 $ 0.03 $ 0.03 $ 0.02
Weighted Shares Outstanding:        
Basic (in Shares) 5,649,263 5,580,517 5,616,388 5,579,115
Diluted (in Shares) 5,754,199 5,764,072 5,721,324 5,762,670