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Consolidated Balance Sheets - USD ($)
Feb. 28, 2022
Nov. 30, 2021
Current assets:    
Cash $ 6,250,234 $ 6,511,588
Accounts receivable - net of allowance for doubtful accounts of $150,493 and $150,493 6,913,249 7,498,766
Inventory, net 6,003,767 5,293,085
Prepaid expenses and income taxes 24,444 245,277
Total current assets 19,191,694 19,548,716
Fixed assets – net of accumulated depreciation and amortization of $1,627,897 and $1,609,127 229,284 227,046
Operating Lease Right of Use Asset 1,592,770 1,534,429
Deferred income taxes 267,098 407,250
Other assets 34,299 34,299
Total assets 21,315,145 21,751,740
Current liabilities:    
Accounts payable 4,503,280 5,448,483
Operating lease liabilities, current maturities 362,478 299,824
Financing lease payable, current maturities 6,299 8,561
Accrued expenses and taxes 801,735 772,056
Accrued salaries 474,323 731,473
Total current liabilities 6,148,115 7,260,397
Operating lease liabilities net of current maturities 1,315,092 1,308,658
Total liabilities 7,463,207 8,569,055
Commitments and contingencies
Shareholders’ equity:    
Preferred stock - $.001 par value, 5,000,000 shares authorized:
Series C–100,000 shares authorized, 10,000 and 10,000 shares issued and outstanding, redeemable, convertible, and a liquidation preference of $5 per share 10 10
Series D – 75,000 shares authorized, none issued or outstanding, voting, convertible, redeemable.
Common stock - $.001 par value, 50,000,000 shares authorized, 5,515,342 and 5,515,342 shares issued and outstanding 5,515 5,515
Additional paid-in capital 17,023,454 17,023,454
Accumulated deficit (3,177,041) (3,846,294)
Total shareholders’ equity 13,851,938 13,182,685
Total liabilities and shareholders’ equity $ 21,315,145 $ 21,751,740