Note 13 - Related Party Transactions |
9 Months Ended | |||
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Aug. 31, 2026 | ||||
| Notes to Financial Statements | ||||
| Related Party Transactions Disclosure [Text Block] |
During the three and nine months ended August 31, 2026, and August 31, 2025, the Company did recognize any revenues from transactions with a related party, and no amounts in accounts receivable balances were due from a related party. From time to time, the Company purchases various supplies from related parties, which are companies in which Marc McConnell, the Company's chairman and principal executive officer, has an ownership interest and also serves as President. McConnell Legacy Investments is paid a monthly fee to guarantee a portion of the Company’s term debt in accordance with the USDA guarantee obtained on the Company’s term debt. In the three and nine months ended August 31, 2026, the Company recognized $3,073 and $9,188 of expense for transactions with related parties compared to $3,267 and $9,796 for the three and nine months ended August 31, 2025. As of August 31, 2026, accrued expenses contained a balance of $1,003 owed to a related party compared to $1,094 on August 31, 2025.
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