v3.26.1
Income Taxes (Tables)
3 Months Ended
Feb. 28, 2026
Income Taxes [Abstract]  
Schedule of Deferred Income Taxes

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

 

   February 28,   November 30, 
   2026   2025 
Deferred Tax Assets        
Depreciation $36,107  $35,837 
Allowance for bad debts  27,264   27,264 
Inventory  68,696   68,696 
Facilities rental  40,651   40,876 
Other Accrued Accounts  130,983   56,539 
           
Total deferred tax assets  303,701   229,212 
Valuation allowance  -   - 
Deferred Tax Assets $303,701  $229,212 
Schedule of Income Tax Expense

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

 

   Three Months Ended 
   February 28,
2026
   February 28,
2025
 
Current:        
Federal $25,328  $66,822 
States  29,893   17,763 
   55,221   84,585 
           
Deferred:          
Federal  (53,622)  (15,420)
States  (20,857)  (4,099)
   (74,489)  (19,519)
Provision for income taxes $(19,268) $65,066 
Schedule of Reconciliation Effective Tax Rate

The Company files a consolidated income tax return with its wholly-owned subsidiaries. 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:

 

   Three Months Ended 
   February 28,   February 28, 
   2026   2025 
U.S Federal Income tax statutory rate  (21)%  21%
State income taxes  (5)%  5%
Other-primarily state franchise taxes   (10)%   27%
Effective tax rate  (36)%  53%