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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Aug. 31, 2016
Aug. 31, 2015
Aug. 31, 2016
Aug. 31, 2015
REVENUES        
Royalty fees from franchised stores $ 441,949 $ 440,960 $ 1,298,562 $ 1,278,715
Franchise fees 60,000 50,000 78,000 80,000
Licensing fees and other income 114,181 118,351 384,885 310,746
Total Revenues 616,130 609,311 1,761,447 1,669,461
Selling, general and administrative expenses:        
Payroll and payroll-related expenses 248,233 267,100 768,300 829,291
Occupancy 43,599 44,054 131,337 129,520
Advertising and promotion 10,485 13,598 32,077 40,945
Professional service fees 36,844 29,145 108,376 106,652
Travel 9,196 12,292 26,532 33,643
Employee benefit expense 38,869 39,715 116,224 114,038
Depreciation and amortization 5,167 4,176 15,183 12,703
Legal settlement 243,046
Other 58,186 71,986 176,629 158,450
Total Operating Expenses 450,579 482,066 1,374,658 1,668,288
Income from operations 165,551 127,245 386,789 1,173
Interest income 90 306 423 1,478
Interest expense (396) (776) (1,190) (2,327)
Income before provision for income taxes 165,245 126,775 386,022 324
Provision for income taxes        
Current tax benefit/(expense) 8,500 8,500
Net Income $ 165,245 $ 135,275 $ 386,022 $ 8,824
Earnings per share - Basic and Diluted (in dollars per share) $ 0.02 $ 0.02 $ 0.05 $ 0
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)
Weighted average shares outstanding - Diluted (in shares) 7,263,508 7,263,508 7,263,508 7,263,508
Cash distributions declared per share (in dollars per share) $ 0.01 $ 0.01 $ 0.05 $ 0.04