Note 6 - Goodwill and Other Intangible Assets

9 Months Ended

Aug. 31, 2026

Notes to Financial Statements

Intangible Asset and Goodwill [Text Block]

6. Goodwill and Other Intangible Assets

Management reviewed and updated the qualitative assessment conducted during the first quarter of 2026 and does not believe that any impairment exists as of August 31, 2026. No impairment was identified for the nine months ending August 31, 2025.

The net book value of goodwill and intangible assets with indefinite and definite lives are as follows:

		Goodwill				Trademarks				Definite Lived Intangibles				Total
Net Balance as of November 30, 2024		$	1,493,771			$	461,445			$	13,272			$	1,968,488
Additions			-				-				4,049				4,049
Amortization expense			-				-				(4,081	)			(4,081	)
Net Balance as of November 30, 2025		$	1,493,771			$	461,445			$	13,240			$	1,968,456
Additions			-				-				-				-
Amortization expense			-				-				(13,240	)			(13,240	)
Net Balance as of August 31, 2026		$	1,493,771			$	461,445			$	-			$	1,955,216