XML 21 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Aug. 31, 2020
Aug. 31, 2019
Income Statement [Abstract]        
Net sales $ 8,667,255 $ 8,085,849 $ 22,103,444 $ 24,957,943
Cost of goods sold 6,405,274 5,670,293 15,913,093 17,749,039
Gross profit 2,261,981 2,415,556 6,190,351 7,208,904
Operating expenses:        
Selling and shipping expenses 583,984 717,399 1,814,955 2,011,634
General and administrative expenses 1,137,220 1,087,154 3,652,093 3,458,541
Depreciation and amortization 9,523 9,626 28,428 28,878
Total operating expenses 1,730,727 1,814,179 5,495,476 5,499,053
Income before other income (expense) and income taxes 531,254 601,377 694,875 1,709,851
Other income (expense):        
Other income 562 242 21,540 245
Interest expense (477) (652) (1,566) (2,079)
Other income (expense) 85 (410) 19,974 (1,834)
Income before income taxes 531,339 600,967 714,849 1,708,017
Income taxes (benefit) (157,526) (78,304) 211,836 (126,683)
Net income 688,865 679,271 503,013 1,834,700
Dividends on preferred stock 2,500 2,500 5,000 5,000
Net income available to common shareholders $ 686,365 $ 676,771 $ 498,013 $ 1,829,700
Net income per share available to common shareholders:        
Basic (in Dollars per share) $ 0.13 $ 0.13 $ 0.09 $ 0.35
Diluted (in Dollars per share) $ 0.12 $ 0.12 $ 0.09 $ 0.33
Weighted Shares Outstanding:        
Basic (in Shares) 5,405,733 5,309,335 5,355,281 5,280,735
Diluted (in Shares) 5,563,400 5,492,527 5,512,948 5,463,928