Note 5 - Income Taxes (Tables)

12 Months Ended

Nov. 30, 2019

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2019			2018
Current
Federal	$	(17,181	)	$	23,000
State		(5,819	)		7,000
Deferred		48,000			-
Total	$	25,000		$	30,000

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2019			2018
Federal income tax provision computed at federal statutory rate	$	100,155		$	113,705
State income taxes, net of federal tax provision		33,910			38,497
Change in valuation allowance, tax rate and other adjustments		(109,065	)		(122,202	)
Income Tax Provision	$	25,000		$	30,000

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	2019			2018
Deferred revenue	$	39,507		$	20,709
Marketing Fund net contributions		112,562			124,798
Allowance for doubtful accounts and notes receivable		6,969			11,069
Accrued expenses		44,582			31,688
Operating lease liability		126,883			140,000
Net operating loss carryforwards		475,380			637,359
Valuation allowance		(28,500	)		(115,824	)
Total Deferred Income Tax Asset	$	777,383		$	849,799
Depreciation and amortization	$	(469,396	)	$	(466,650	)
Right of use lease asset		(107,987	)		(135,149	)
Total Deferred Income Tax Liabilities	$	(577,383	)	$	(601,799	)
Total Net Deferred Tax Asset	$	200,000		$	248,000