v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
May 31, 2025
May 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 175,320 $ 125,938
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 35,079 34,768
Gain on marketable securities 42,384
Deferred income taxes 15,010 19,024
Allowance for credit losses 19,454 956
Stock Compensation Expense 531,797 15,000
CHANGES IN OPERATING ASSETS AND LIABILITIES:    
Accounts receivable (150,342) 534,601
Inventory (595,752) 379,000
Prepaid expenses and income taxes (232,530) 49,285
Other assets 831 11,975
Accounts payable 664,348 892,464
Accrued expenses (420,242) (469,499)
NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES 85,357 1,593,512
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of fixed assets (114,057)
Acquisition of marketable securities (2,320,651) (4,335,629)
Proceeds from the sale of marketable securities 630,000 810,000
NET CASH FLOWS USED IN INVESTING ACTIVITIES (1,804,708) (3,525,629)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 105,750
NET CASH FLOWS FROM FINANCING ACTIVITIES 105,750
NET CHANGE IN CASH (1,613,601) (1,932,117)
CASH AT BEGINNING OF PERIOD 5,627,693 7,634,799
CASH AT END OF PERIOD 4,014,092 5,702,682
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Income taxes paid 271,972 233,944
Interest paid
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Accrued dividends on preferred stock $ 2,500 $ 2,500