Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
May 31, 2025 |
May 31, 2024 |
May 31, 2025 |
May 31, 2024 |
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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 |
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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