XML 30 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Feb. 29, 2020
Feb. 28, 2019
REVENUES    
Revenues $ 695,684 $ 712,300
OPERATING EXPENSES    
Payroll and payroll-related expenses 230,405 215,935
Occupancy 33,678 19,636
Advertising and promotion 13,910 11,327
Professional service fees 49,117 59,634
Travel 7,999 7,959
Employee benefit expenses 37,190 39,733
Depreciation and amortization 740 399
Marketing fund expenses 227,521 228,788
Other 37,034 27,289
Total Operating Expenses 637,594 610,700
Income from operations 58,090 101,600
Interest income 104 260
Income before provision for income taxes 58,194 101,860
Provision for income taxes    
Income tax expense 15,000 5,000
Net Income $ 43,194 $ 96,860
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) $ 0.03 $ 0.03
Royalty [Member]    
REVENUES    
Revenues $ 387,339 $ 373,118
Franchise [Member]    
REVENUES    
Revenues 3,650 13,413
Licensing Fees and Other Income [Member]    
REVENUES    
Revenues 77,174 96,981
Marketing Fund [Member]    
REVENUES    
Revenues $ 227,521 $ 228,788