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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
May 31, 2023
May 31, 2022
May 31, 2023
May 31, 2022
Sales $ 9,007,874 $ 7,275,353 $ 16,902,659 $ 12,888,420
Cost of goods sold 6,662,313 5,082,195 12,222,882 9,503,119
Gross profit 2,330,654 2,193,158 4,679,777 3,385,301
Expenses        
Engineering 140,497 143,943 268,793 278,014
Selling 576,836 630,772 1,171,101 1,117,928
General and administrative 1,194,711 1,097,350 2,272,686 2,105,143
Total expenses 1,912,044 1,872,065 3,712,580 3,501,085
Income (loss) from operations 418,610 321,093 967,196 (115,784)
Other income (expense):        
Interest expense (163,021) (97,392) (290,527) (174,096)
Other 132,513 (1,454) 144,905 (3,005)
Total other income (expense) (30,428) (98,846) (145,622) (177,101)
Income (loss) before income taxes 388,183 222,247 821,574 (292,885)
Income tax expense 81,518 46,894 172,700 (61,749)
Net Income (loss) $ 306,664 $ 175,353 $ 648,874 $ (231,136)