Note 9 - Income Taxes

6 Months Ended

May 31, 2023

Notes to Financial Statements

Income Tax Disclosure [Text Block]

9. Income Taxes

For the three months ended May 31, 2023, the Company recorded current and deferred tax expense of $50,000 for an effective tax rate of 28.3% compared to $38,091 of current and deferred tax expense for the three months ended May 31, 2022 for an effective tax rate of 28.9%.

For the six months ended May 31, 2023, the Company recorded current and deferred tax expense of $64,200 for an effective tax rate of 28.4% compared to $63,841 of current and deferred tax expense for the six months ended May 31, 2022 for an effective tax rate of 28.9%.