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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
May 31, 2025
May 31, 2024
May 31, 2025
May 31, 2024
REVENUES        
Revenues $ 808,486 $ 882,838 $ 1,565,687 $ 1,718,772
Selling, general and administrative expenses:        
Payroll and payroll-related expenses 238,336 231,482 490,896 487,811
Occupancy 22,515 28,950 54,995 62,291
Advertising and promotion 758 398 1,841 762
Professional service fees 22,818 37,834 73,533 89,613
Travel 3,932 5,209 5,700 8,231
Employee benefit expenses 20,239 33,829 35,739 70,633
Depreciation and amortization 981 981 1,961 1,961
Marketing fund expenses 227,049 306,636 444,095 566,047
Other 71,100 51,069 108,990 122,993
Total Operating Expenses 607,728 696,388 1,217,750 1,410,342
Income from operations 200,758 186,450 347,937 308,430
Interest income 13,734 16,735 28,622 32,260
Income before provision for income taxes 214,492 203,185 376,559 340,690
Income Tax Expense (Benefit), Continuing Operations [Abstract]        
Current tax expense 79,598 61,349 145,134 122,140
Deferred tax (19,398) (3,849) (39,134) (25,640)
Total Tax Provision 60,200 57,500 106,000 96,500
Net Income $ 154,292 $ 145,685 $ 270,559 $ 244,190
Net Income per share - Basic and Diluted (in dollars per share) $ 0.02 $ 0.02 $ 0.04 $ 0.03
Weighted average shares outstanding - Basic and diluted (in shares) 7,263,508 7,263,508 7,263,508 7,263,508
Cash distributions declared per share (in dollars per share) $ 0.01 $ 0.01 $ 0.04 $ 0.03
Royalty [Member]        
REVENUES        
Revenues $ 511,879 $ 513,474 $ 969,073 $ 973,163
Franchise [Member]        
REVENUES        
Revenues 3,583 9,215 12,166 19,461
Licensing Fees and Other Income [Member]        
REVENUES        
Revenues 65,975 53,513 140,353 160,101
Marketing Fund [Member]        
REVENUES        
Revenues $ 227,049 $ 306,636 $ 444,095 $ 566,047