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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
May 31, 2024
May 31, 2023
May 31, 2024
May 31, 2023
Sales $ 6,730,268 $ 8,224,395 $ 12,453,663 $ 15,311,259
Cost of goods sold 4,823,516 6,040,799 9,073,386 10,940,788
Gross profit 1,906,752 2,183,596 3,380,277 4,370,471
Expenses        
Engineering 107,072 140,497 267,425 268,793
Selling 397,631 510,965 860,390 1,042,426
General and administrative 1,233,281 1,099,132 2,463,775 2,082,804
Total expenses 1,737,984 1,750,594 3,591,590 3,394,023
Income (loss) from operations 168,768 433,002 (211,313) 976,448
Other income (expense):        
Interest expense (159,768) (147,196) (321,772) (259,010)
Other (14,270) 131,613 (9,221) 143,607
Total other expense (174,038) (15,583) (330,993) (115,403)
Income (loss) from continuing operations before income taxes (5,270) 417,419 (542,306) 861,045
Income tax expense (benefit) (613) 87,658 (113,391) 180,989
Net income (loss) from continuing operations (4,657) 329,761 (428,915) 680,056
Discontinued Operations (Note 3)        
Loss from discontinued operations before income taxes (38,028) (29,237) (87,930) (39,471)
Income tax benefit (9,345) (6,140) (18,465) (8,289)
Net income (loss) on discontinued operations (28,683) (23,097) (69,465) (31,182)
Net income (loss) $ (33,340) $ 306,664 $ (498,380) $ 648,874