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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
May 31, 2024
May 31, 2023
Operating activities    
Net Income $ 244,190 $ 161,848
Adjustments to reconcile net income to cash flows provided by operating activities:    
Depreciation and amortization 1,961 1,845
Deferred tax expense (25,640) (25,823)
Provision for uncollectible accounts, net of recoveries 20,745 0
Noncash lease expense 47,577 49,655
Trade accounts receivable and notes receivable (19,253) 17,538
Marketing fund contributions receivable (3,561) (9,555)
Prepaid expenses and other 731 68,496
Accounts payable 13,460 8,255
Accrued liabilities 57,596 20,783
Unexpended marketing fund contributions 25,413 68,490
Deferred revenue (10,211) 32,218
Operating lease liability (40,177) (58,940)
Net Cash Provided by Operating Activities 312,831 334,810
Financing activities    
Cash distributions/dividends (217,906) (217,905)
Net Cash Used In Financing Activities (217,906) (217,905)
Net (Decrease)/Increase in Cash and Restricted Cash 94,925 116,905
Cash and Restricted Cash - Beginning of Period 2,072,672 1,902,661
Cash and Restricted Cash - End of Period 2,167,597 2,019,566
Interest paid 0 0
Income taxes paid 78,500 7,500
Non-cash operating activities:    
Right-of-use operating asset obtained in exchange for operating lease liability $ 401,430 $ 0