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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
May. 31, 2015
May. 31, 2014
May. 31, 2015
May. 31, 2014
REVENUES        
Royalty fees from franchised stores $ 443,660 $ 456,007 $ 837,755 $ 852,713
Franchise fees 25,000 200,000 30,000 235,000
Licensing fees and other income 99,102 113,334 192,395 218,499
Total Revenues 567,762 769,341 1,060,150 1,306,212
Selling, general and administrative expenses:        
Payroll and payroll-related expenses 264,514 257,596 562,191 547,240
Occupancy 41,574 48,771 85,466 91,926
Advertising and promotion 16,824 7,841 27,347 16,171
Professional service fees 19,005 33,080 77,507 100,078
Travel 12,250 14,356 21,351 23,604
Employee benefit expense 38,097 28,072 74,323 53,001
Depreciation and amortization $ 4,293 $ 4,553 8,527 $ 9,114
Legal Settlement     243,046  
Other $ 51,724 $ 87,458 86,464 $ 145,239
Total Operating Expenses 448,281 481,727 1,186,222 986,373
Income from operations 119,481 287,614 (126,072) 319,839
Interest income 448 118 1,172 266
Interest expense (775) (1,137) (1,551) (2,274)
Income before provision for income taxes $ 119,154 286,595 $ (126,451) 317,831
Current tax   15,000   15,000
Net Income $ 119,154 $ 271,595 $ (126,451) $ 302,831
Earnings/(Loss) per share - Basic and Diluted (in dollars per share) $ 0.02 $ 0.04 $ (0.02) $ 0.04
Weighted average shares outstanding - Basic (in shares) 7,263,508 7,263,508 7,263,508 7,263,508
Effect of dilutive common stock (in shares)   2,423   2,583
Weighted average shares outstanding - Diluted (in shares) 7,263,508 7,265,931 7,263,508 7,266,091
Cash distributions declared per share (in dollars per share) $ 0.01 $ 0.01 $ 0.03 $ 0.04