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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Aug. 31, 2020
Aug. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 503,013 $ 1,834,700
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 28,428 28,878
Deferred income taxes 180,307 (159,842)
Allowance for doubtful accounts 10,713 33,190
Stock Compensation 216,935 88,750
CHANGES IN OPERATING ASSETS AND LIABILITIES:    
Accounts receivable (810,996) 415,358
Inventory (133,300) (374,137)
Prepaid expenses and income taxes 12,246 (292,140)
Other assets 1,228 (9,224)
Accounts payable 571,679 (826,209)
Deferred rent   (8,961)
Accrued expenses (38) (132,292)
NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES 580,215 598,071
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of fixed assets (19,387) (7,221)
NET CASH FLOWS USED IN INVESTING ACTIVITIES (19,387) (7,221)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 65,250  
Proceeds from notes payable to bank 449,700  
Repayment of financing lease obligations (5,768) (5,817)
NET CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES 509,182 (5,817)
NET CHANGE IN CASH 1,070,010 585,033
CASH AT BEGINNING OF PERIOD 2,739,305 1,761,863
CASH AT END OF PERIOD 3,809,315 2,346,896
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Income taxes paid 125,478 97,389
Interest paid 1,566 2,079
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Accrued dividends on preferred stock $ 5,000 $ 5,000