LEASE COMMITMENTS:

12 Months Ended

Nov. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

LEASE COMMITMENTS:

7. LEASE COMMITMENTS:

In the first quarter of 2020, the Company entered into a three (3) year lease extension on the property that has been leased on a year to year basis. As a result, we recognized $ 165,000 for operating lease liabilities and right-of-use assets in accordance with ASC 842. The Company had an operating lease expense of $14,000 for 2023 and $55,000 for 2022. The Company used an estimated incremental borrowing rate of 3.25% representative of the rate of interest that the company would have to pay to borrow on the Company’s line of credit. The lease expired in March 2023 and was not renewed.