Note 13 - Income Taxes (Tables)

12 Months Ended

Nov. 30, 2020

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	November 30, 2020			November 30, 2019
Current expense (benefit)	$	25,168		$	4,392
Deferred expense (benefit)		(881,638	)		(353,626	)
Total income tax expense (benefit)	$	(856,470	)	$	(349,234	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	November 30, 2020			November 30, 2019
Statutory federal income tax rate		21.0	%		21.0	%
PPP Loan Forgiveness		8.8			-
Permanent differences and other		(0.9	)		(1.3	)
		28.9	%		19.7	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	November 30
	2020			2019
Current deferred tax assets (liabilities):
Accrued expenses	$	161,000		$	100,000
Inventory capitalization		71,000			21,000
NOL and tax credit carryforward		1,695,000			1,182,000
Asset reserves		796,000			621,000
Total current deferred tax assets	$	2,723,000		$	1,924,000
Non-current deferred tax assets
Property, plant, and equipment	$	(55,000	)	$	(138,000	)
Total non-current deferred tax assets (liabilities)		(55,000	)		(138,000	)
Net deferred taxes	$	2,668,000		$	1,786,000