XML 38 R29.htm IDEA: XBRL DOCUMENT v3.25.1
Income Taxes (Tables)
3 Months Ended
Feb. 28, 2025
Income Taxes [Abstract]  
Schedule of Deferred Income Taxes

The Company’s deferred income taxes are comprised of the following:

 

   February 28,   November 30, 
   2025   2024 
Deferred Tax Assets        
Depreciation  $43,804   $43,847 
Allowance for bad debts   17,685    17,493 
Inventory   84,450    84,450 
Facilities rental   40,177    39,668 
Other   94,259    75,398 
           
Total deferred tax assets   280,375    260,856 
Valuation allowance   
-
    
-
 
Deferred Tax Assets  $280,375   $260,856 
Schedule of Income Tax Expense

The Company’s income tax expense consists of the following:

 

   Three Months Ended 
   February 28,
2025
   February 29,
2024
 
Current:        
Federal  $66,822   $6,544 
States   17,763    24,013 
    84,585    30,557 
           
Deferred:          
Federal   (15,420)   (13,425)
States   (4,099)   (5,221)
    (19,519)   (18,646)
Provision for income taxes  $65,066   $11,911 
Schedule of Reconciliation Effective Tax Rate A reconciliation of the difference between the expected income tax rate using the statutory federal tax rate and the Company’s effective rate is as follows:
   Three Months Ended 
   February 28,   February 29, 
   2025   2024 
U.S Federal Income tax statutory rate   21%   (21)%
State income taxes   5%   (5)%
Other-primarily state franchise taxes   27%   46%
Effective tax rate   53%   20%