XML 16 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Feb. 28, 2018
Feb. 28, 2017
REVENUES    
Royalty fees from franchised stores $ 385,051 $ 400,261
Licensing fees and other income 115,416 92,460
Total Revenues 500,467 492,721
OPERATING EXPENSES    
Payroll and payroll-related expenses 207,362 247,077
Occupancy 39,839 45,861
Advertising and promotion 993 7,270
Professional service fees 61,309 50,321
Travel 9,075 8,726
Employee benefit expenses 27,471 39,379
Depreciation and amortization 152 5,208
Other 38,460 36,195
Total Operating Expenses 384,661 440,037
Income from operations 115,806 52,684
Interest income 24 32
Income before provision for income taxes 115,830 52,716
Provision for income taxes    
Current tax expense 15,000
Net Income $ 100,830 $ 52,716
Net Income per share - Basic and Diluted (in dollars per share) $ 0.01 $ 0.01
Weighted average shares outstanding - Basic and diluted (in shares) 7,263,508 7,263,508
Cash distributions declared per share (in dollars per share) $ 0.02 $ 0.02