v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
May 31, 2026
May 31, 2025
May 31, 2026
May 31, 2025
REVENUES        
Revenues $ 803,689 $ 808,486 $ 1,527,352 $ 1,565,687
Selling, general and administrative expenses:        
Payroll and payroll-related expenses 210,494 238,336 413,708 490,896
Occupancy 22,734 22,515 55,476 54,995
Advertising and promotion 966 758 2,001 1,841
Professional service fees 16,892 22,818 88,001 73,533
Travel 2,136 3,932 3,107 5,700
Employee benefit expenses 19,648 20,239 39,591 35,739
Depreciation and amortization 12,469 981 13,839 1,961
Marketing fund expenses 207,441 227,049 405,372 444,095
Other 63,482 71,100 106,084 108,990
Total Operating Expenses 556,262 607,728 1,127,179 1,217,750
Income from operations 247,427 200,758 400,173 347,937
Interest income 12,555 13,734 25,678 28,622
Income before provision for income taxes 259,982 214,492 425,851 376,559
Provision for income taxes        
Current tax expense 113,913 79,598 176,826 145,134
Deferred tax (40,813) (19,398) (57,026) (39,134)
Total Tax Provision 73,100 60,200 119,800 106,000
Net Income $ 186,882 $ 154,292 $ 306,051 $ 270,559
Net Income per share - Basic and Diluted (in dollars per share) $ 0.03 $ 0.02 $ 0.04 $ 0.04
Weighted average shares outstanding - Basic and diluted (in shares) 7,263,508 7,263,508 7,263,508 7,263,508
Cash distributions declared per share (in dollars per share) $ 0.01 $ 0.01 $ 0.03 $ 0.04
Royalty [Member]        
REVENUES        
Revenues $ 520,020 $ 511,879 $ 985,908 $ 969,073
Franchise [Member]        
REVENUES        
Revenues 7,117 3,583 15,200 12,166
Licensing Fees and Other Income [Member]        
REVENUES        
Revenues 69,111 65,975 120,872 140,353
Marketing Fund [Member]        
REVENUES        
Revenues $ 207,441 $ 227,049 $ 405,372 $ 444,095