Note 5 - Income Taxes - The Components of the Deferred Tax Assets and Liabilities for Federal and State Income Taxes (Details) - USD ($) |
Nov. 30, 2021 |
Nov. 30, 2020 |
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Deferred revenue | $ 41,876 | $ 45,771 |
Marketing Fund net contributions | 165,600 | 111,552 |
Allowance for doubtful accounts and notes receivable | 3,901 | 5,103 |
Accrued expenses | 52,907 | 49,176 |
Operating lease liability | 73,112 | 100,983 |
Net operating loss carryforwards | 33,652 | 159,567 |
Valuation allowance | 0 | 0 |
Total Deferred Income Tax Asset | 371,048 | 472,152 |
Depreciation and amortization | (473,971) | (471,895) |
Right of use lease asset | (61,191) | (85,197) |
Total Deferred Income Tax Liabilities | (535,162) | (557,092) |
Total Net Deferred Tax Liability | $ (164,114) | $ (84,940) |
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible marketing fund net contribution. No definition available.
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to an operating lease liability. No definition available.
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- Definition Amount of deferred tax liability attributable to taxable temporary differences. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from deferred income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, without jurisdictional netting. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from accrued liabilities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary difference from allowance for credit loss on accounts receivable. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of deferred tax liability attributable to taxable temporary differences from leasing arrangements. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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