Note 14 - Income Taxes (Tables)

12 Months Ended

Nov. 30, 2022

Notes Tables

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

	November 30, 2022		November 30, 2021
Current expense	$	2,712	$	8,459
Deferred expense		16,491		45,800
Total income tax expense	$	19,203	$	54,259

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

	November 30, 2022			November 30, 2021
Statutory federal income tax rate		21.0	%		21.0	%
Permanent Differences and Other		(4.6	)		(0.7	)
		16.4	%		20.3	%

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

	November 30
	2022			2021
Current deferred tax assets (liabilities):
Accrued expenses	$	93,000		$	82,000
Inventory capitalization		167,000			122,000
NOL and tax credit carryforward		1,921,000			1,846,000
Asset reserves		521,000			613,000
Total current deferred tax assets	$	2,702,000		$	2,663,000
Non-current deferred tax assets
Property, plant, and equipment	$	(97,000	)	$	(41,000	)
Total non-current deferred tax assets (liabilities)	$	(97,000	)	$	(41,000	)
Net deferred taxes	$	2,605,000		$	2,622,000