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Consolidated Balance Sheets - USD ($)
Aug. 31, 2020
Nov. 30, 2019
Current assets:    
Cash $ 3,809,315 $ 2,739,305
Accounts receivable - net of allowance for doubtful accounts of $142,934 and $132,221 5,930,075 5,129,792
Inventory, net 3,726,531 3,593,231
Prepaid expenses and income taxes 474,694 486,940
Total current assets 13,940,615 11,949,268
Fixed assets – net of accumulated depreciation and amortization of $2,334,151 and $2,305,724 111,711 120,752
Operating Lease Right of Use Asset 1,702,391
Deferred income taxes 1,005,433 1,185,740
Other assets 22,607 22,607
Total assets 16,782,757 13,278,367
Current liabilities:    
Accounts payable 3,915,861 3,344,182
Operating lease liabilities, current maturities 181,325
Financing lease payable, current maturities 8,345 7,782
Accrued expenses and taxes 557,014 581,201
Accrued salaries 535,812 506,663
Total current liabilities 5,198,357 4,439,828
Operating lease liabilities net of current maturities 1,535,292
Financing lease payable, net of current maturities 10,771 17,102
Note payable to bank 449,700
Deferred rent 12,998
Total liabilities 7,194,120 4,469,928
Commitments and contingencies
Shareholders’ equity:    
Preferred stock - $.001 par value, 5,000,000 shares authorized:
Common stock - $.001 par value, 50,000,000 shares authorized, 5,437,526 and 5,320,026 shares issued and outstanding 5,437 5,319
Additional paid-in capital 16,948,532 16,666,465
Accumulated deficit (7,365,342) (7,863,355)
Total shareholders’ equity 9,588,637 8,808,439
Total liabilities and shareholders’ equity 16,782,757 13,278,367
Series C Preferred Stock    
Shareholders’ equity:    
Preferred stock - $.001 par value, 5,000,000 shares authorized: 10 10
Total shareholders’ equity 10 10
Series D Preferred Stock    
Shareholders’ equity:    
Preferred stock - $.001 par value, 5,000,000 shares authorized: