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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
May 31, 2024
Nov. 30, 2023
Current Assets    
Cash $ 1,937,678 $ 1,888,728
Restricted cash 229,919 183,944
Receivables    
Trade accounts and notes receivable (net of allowance for doubtful accounts of $49,618 in 2024 and $28,873 in 2023) 73,131 71,681
Marketing fund contributions receivable from franchisees and stores 18,556 14,995
Lease receivable 5,937 5,900
Prepaid expenses and other current assets 95,813 96,544
Total Current Assets 2,361,034 2,261,792
Property, plant and equipment (net of accumulated depreciation of $159,414 in both 2024 and 2023. 0 0
Lease receivable 29,427 32,406
Trademarks 461,445 461,445
Goodwill 1,493,771 1,493,771
Definite lived intangible assets (net of accumulated amortization of $140,502 in 2024 and $138,541 in 2023) 14,384 16,345
Operating lease right of use 392,664 32,745
Total Noncurrent Assets 2,391,691 2,036,712
Total Assets 4,752,725 4,298,504
Current Liabilities 16,502 3,042
Income tax payable 123,747 47,334
Accrued expenses and other current liabilities 307,063 325,880
Current portion operating lease liability 44,066 39,818
Total Current Liabilities 742,781 647,992
Long-term Liabilities (net of current portion) 363,071 0
Deferred franchise revenue 157,743 162,026
Deferred tax liability 283,653 309,293
Total Long-term Liabilities 804,467 471,319
Total Liabilities 1,547,248 1,119,311
Preferred shares -$.001 par value; 1,000,000 Series A authorized; no shares outstanding as of May 31, 2024 and November 30, 2023 0 0
Common stock -$.001 par value; 15,000,000 shares authorized; 8,466,953 shares issued and 7,263,508 shares outstanding as of May 31, 2024 and November 30, 2023 13,508,257 13,508,257
Additional paid-in capital 987,034 987,034
Treasury stock (222,781) (222,781)
Accumulated deficit (11,067,033) (11,093,317)
Total Stockholders' Equity 3,205,477 3,179,193
Total Liabilities and Stockholders' Equity 4,752,725 4,298,504
Series A Preferred Stock [Member]    
Receivables    
Preferred shares -$.001 par value; 1,000,000 Series A authorized; no shares outstanding as of May 31, 2024 and November 30, 2023 0 0
Marketing Fund [Member]    
Receivables    
Contract Liabilities - Current 227,237 201,824
Franchise [Member]    
Receivables    
Contract Liabilities - Current 24,166 30,094
Deferred franchise revenue $ 157,743 $ 162,026