Note 11 - Employee Benefit Plans

12 Months Ended

Nov. 30, 2021

Notes to Financial Statements

Compensation and Employee Benefit Plans [Text Block]

(11) Employee Benefit Plans

The Company sponsors a defined contribution 401(k) savings plan which covers substantially all full-time employees who meet eligibility requirements. Participating employees may contribute as salary reductions any amount of their compensation up to the limit prescribed by the Internal Revenue Code. The Company makes a 50% matching contribution to employees up to 3% of eligible compensation. Prior to the 2021 calendar year, the company made a 25% contribution up to 1% of an employee’s eligible compensation. The Company recognized an expense of $77,010 and $32,464 related to this plan during the 2021 and 2020 fiscal years, respectively.