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Subsequent Events
9 Months Ended
Aug. 31, 2020
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE O – SUBSEQUENT EVENTS


In early January 2020, an outbreak of a respiratory illness caused by the Coronavirus was identified in Wuhan, China. As part of its effort to combat the virus, the government of China has placed travel restrictions throughout parts of China. This has resulted in some of the Company’s customers and suppliers being closed for an extended period or operating at significantly below their normal capacity and will also affect our suppliers that source some of their materials from China. Conditions in China have improved. Some customers and suppliers are back to full operation but others are taking longer. The duration and intensity of this global health emergency and related disruptions is uncertain, although there has been some improvement globally, including Asia, America and Europe. The duration of this crisis and its impact on both the Company’s customers and supply chain is expected to have a material impact on the consolidated results of operations, cash flows and financial condition, but cannot be reasonably estimated at this time. As an update, the unprecedented virus has grown significantly especially in America and has significantly impacted the Company’s customers. The Company has experienced order cancellations and order hold notices from customers and expects this to continue. Although the coronavirus situation is still very serious on a global basis, the Company’s business has improved in the third quarter, with sales increasing and our customer’s outlook for their business stronger at this time. This increase in business cannot be guaranteed to continue as it may be impacted by the coronavirus conditions, which change on an ongoing basis.