BAB (BABB) 10-K 23 Feb 17 2016 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Nov. 30, 2016	Feb. 23, 2017	May 31, 2016
Document Information [Line Items]
Entity Registrant Name	BAB, INC.
Entity Central Index Key	1,123,596
Trading Symbol	babb
Current Fiscal Year End Date	--11-30
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		7,263,508
Entity Public Float			$ 2,511,367
Document Type	10-K
Document Period End Date	Nov. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Nov. 30, 2016	Nov. 30, 2015
Current Assets
Cash	$ 907,116	$ 837,382
Restricted cash	598,887	420,739
Receivables
Trade accounts and notes receivable (net of allowance for doubtful accounts of $25,319 in 2016 and $33,077 in 2015 )	50,844	75,079
Marketing fund contributions receivable from franchisees and stores	10,238	21,111
Inventories	16,130	26,824
Prepaid expenses and other current assets	81,021	83,796
Total Current Assets	1,664,236	1,464,931
Property, plant and equipment (net of accumulated depreciation of $152,334 in 2016 and $150,083 in 2015)	1,226	3,476
Trademarks	455,182	455,182
Goodwill	1,493,771	1,493,771
Definite lived intangible assets (net of accumulated amortization of $96,389 in 2016 and $81,689 in 2015)	9,108	22,987
Deferred tax asset	248,000	248,000
Total Noncurrent Assets	2,207,287	2,223,416
Total Assets	3,871,523	3,688,347
Current Liabilities
Current portion of long-term debt		33,413
Accounts payable	43,383	13,055
Accrued expenses and other current liabilities	365,169	311,916
Unexpended marketing fund contributions	609,380	442,105
Deferred franchise fee revenue	40,000	105,000
Deferred licensing revenue	49,226	32,083
Total Current Liabilities	1,107,158	937,572
Long-term debt (net of current portion)
Total Liabilities	1,107,158	937,572
Stockholders' Equity
Preferred shares
Common stock -$.001 par value; 15,000,000 shares authorized; 8,466,953 shares issued and 7,263,508 shares outstanding as of November 30, 2016 and November 30, 2015	13,508,257	13,508,257
Additional paid-in capital	987,034	987,034
Treasury stock	(222,781)	(222,781)
Accumulated deficit	(11,508,145)	(11,521,735)
Total Stockholders' Equity	2,764,365	2,750,775
Total Liabilities and Stockholders' Equity	3,871,523	3,688,347
Series A Preferred Stock [Member]
Stockholders' Equity
Preferred shares

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	Nov. 30, 2016	Nov. 30, 2015
Allowance for doubtful accounts	$ 25,319	$ 33,077
Accumulated depreciation, property, plant and equipment	152,334	150,083
Definite lived intangible assets, accumulated amortization	$ 96,389	$ 81,689
Preferred shares, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred shares, authorized (in shares)	4,000,000	4,000,000
Preferred shares, outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	15,000,000	15,000,000
Common stock, shares issued (in shares)	8,466,953	8,466,953
Common stock, shares outstanding (in shares)	7,263,508	7,263,508
Series A Preferred Stock [Member]
Preferred shares, par value (in dollars per share)		$ 0.001
Preferred shares, authorized (in shares)		1,000,000
Preferred shares, outstanding (in shares)		0

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
REVENUES
Royalty fees from franchised stores	$ 1,744,640	$ 1,714,881
Franchise fees	113,000	85,000
Licensing fees and other income	528,527	415,899
Total Revenues	2,386,167	2,215,780
Selling, general and administrative expenses:
Payroll and payroll-related expenses	1,118,356	1,090,775
Occupancy	174,757	173,476
Advertising and promotion	40,650	57,491
Professional service fees	143,755	126,515
Travel	42,188	48,861
Employee benefit expense	156,125	154,206
Depreciation and amortization	20,152	17,145
Legal Settlement		243,046
Other	230,463	201,258
Total Operating Expenses	1,926,446	2,112,773
Income from operations	459,721	103,007
Interest income	502	1,705
Interest expense	(1,323)	(2,850)
Income before provision for income taxes	458,900	101,862
Provision for income taxes
Current tax (benefit)/expense	9,500	(8,500)
Net Income	$ 449,400	$ 110,362
Earnings per share - Basic and Diluted (in dollars per share)	$ 0.06	$ 0.02
Weighted average shares outstanding - Basic and Diluted (in shares)	7,263,508	7,263,508
Cash distributions declared per share (in dollars per share)	$ 0.06	$ 0.05

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Nov. 30, 2014	8,466,953		1,203,445
Balance at Nov. 30, 2014	$ 13,508,257	$ 987,034	$ (222,781)	$ (11,268,922)	$ 3,003,588
Dividends Declared				(363,175)	(363,175)
Net income				110,362	110,362
Balance (in shares) at Nov. 30, 2015	8,466,953		1,203,445
Balance at Nov. 30, 2015	$ 13,508,257	987,034	$ (222,781)	(11,521,735)	2,750,775
Dividends Declared				(435,810)	(435,810)
Net income				449,400	449,400
Balance (in shares) at Nov. 30, 2016	8,466,953		1,203,445
Balance at Nov. 30, 2016	$ 13,508,257	$ 987,034	$ (222,781)	$ (11,508,145)	$ 2,764,365

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Operating activities
Net income	$ 449,400	$ 110,362
Adjustments to reconcile net income to cash flows provided by operating activities:
Depreciation and amortization	20,152	17,145
Provision for uncollectible accounts, net of recoveries	(7,733)	(8,376)
Changes in:
Trade accounts receivable and notes receivable	31,968	116,272
Restricted cash	(178,148)	95
Marketing fund contributions receivable	10,873	2,597
Inventories	10,694	(1,305)
Prepaid expenses and other	2,775	(9,853)
Accounts payable	30,328	2,210
Accrued liabilities	53,253	3,601
Unexpended marketing fund contributions	167,275	228,355
Deferred revenue	(47,857)	65,000
Net Cash Provided by Operating Activities	542,980	526,103
Investing activities
Capitalization of trademark renewals	(4,023)	(3,203)
Net Cash Used In Investing Activities	(4,023)	(3,203)
Financing activities
Repayment of borrowings	(33,413)	(31,898)
Cash distributions/dividends	(435,810)	(363,175)
Net Cash Used In Financing Activities	(469,223)	(395,073)
Net Increase in Cash	69,734	127,827
Cash, Beginning of Period	837,382	709,555
Cash, End of Period	907,116	837,382
Supplemental disclosure of cash flow information:
Interest paid	1,323	3,102
Income taxes paid	$ 8,171	$ 13,731

Note 1 - Nature of Operations

Note 1 - Nature of Operations	12 Months Ended
	Nov. 30, 2016
Notes to Financial Statements
Nature of Operations [Text Block]	Note 1 BAB, Inc (“the Company”) has three December 2, 1992, 1997 1996 1995, 1999, 2009 The Company was incorporated under the laws of the State of Delaware on July 12, 2000. November 30, 2016, 85 3 23 one 2

Note 2- Summary of Significant

Note 2- Summary of Significant Accounting Policies	12 Months Ended
	Nov. 30, 2016
Notes to Financial Statements
Significant Accounting Policies [Text Block]	Note 2 Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Revenue Recognition Royalty fees from franchised stores represent a 5% The Company recognizes franchise fee revenue on the store’s opening. Direct costs associated with the sale of franchises are deferred until the franchise fee revenue is recognized. These costs include site approval, construction approval, commissions, blueprints and training costs. The Company will recognize revenue upon a signed and completed franchise agreement for a Master Franchise Agreement (“MFA”). The revenue for a MFA is a nonrefundable fee and the amount of the fee is dependent on the area covered by the MFA. In addition there will be ongoing royalty fees as determined by the contract. Big Apple Bagels®, SweetDuet Frozen Yogurt and Gourmet Muffins® and My Favorite Muffin® operating units, licensed units and unopened stores for which a Franchise Agreement has been executed, are as follows: 2016 2015 Operating Units Franchise Owned 85 84 Licensed Units 3 3 88 87 Unopened stores with Franchise Agreements: 2 7 Total operating units and units with Franchise Agreements 90 94 License fees and other income primarily consist of license fees, Sign Shop revenues and defaulted and terminated franchise contract revenues. Revenue is recorded on an accrual basis. Actual amounts are used to record the majority of license fees although at times it is necessary to use estimates. Revenues and expenses recorded for the Sign Shop, as well as defaulted and terminated franchise contract revenue, are actual amounts. Segments Accounting standards have established annual reporting standards for an enterprise’s operating segments and related disclosures about its products, services, geographic areas and major customers. The Company’s operations were a single Marketing Fund A Marketing Fund has been established for BAB, MFM and SD. Franchised stores are required to contribute a fixed percentage of their net retail sales to the Marketing Fund. Liabilities for unexpended funds received from franchisees are included as a separate line item in accrued expenses and Marketing Fund cash accounts are included in restricted funds in the accompanying Balance Sheet. The Marketing Fund also derives revenues from rebates paid by certain vendors on the sale of BAB and MFM licensed products to franchisees. Cash As of November 30, 2016 2015, $599,000 $421,000, The FDIC maximum insurance on all interest and noninterest bearing checking accounts is $250,000 Accounts and Notes Receivable Receivables are carried at original invoice amount less estimates for doubtful accounts. Management determines the allowance for doubtful accounts by reviewing and identifying troubled accounts and by using historical collection experience. A receivable is considered to be past due if any portion of the receivable balance is outstanding 90 Inventories Inventories are valued at the lower of cost or market under the first first Property, Plant and Equipment Property and equipment and leasehold improvements are stated at cost less accumulated depreciation and amortization. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Estimated useful lives are 3 7 10 Goodwill and Other Intangible Assets Accounting Standard Codification (“ASC”) 350 The Company tests goodwill and trademarks that are not subject to amortization for impairment annually or more frequently if events or circumstances indicate that impairment is possible. Goodwill and trademarks were tested on February 28, 2016 2016, The impairment test performed for fiscal 2016 February 28, 2015 The net book value of goodwill and intangible assets with indefinite and definite lives are as follows: Goodwill Trademarks Definite Lived Intangibles Total Net Balance as of November 30, 2014 $ 1,493,771 $ 454,479 $ 35,187 $ 1,983,437 Additions - 703 2,500 3,203 Amortization expense - - (14,700 ) (14,700 ) Net Balance as of November 30, 2015 1,493,771 455,182 22,987 1,971,940 Additions - - 4,022 4,022 Amortization expense - - (17,901 ) (17,901 ) Net Balance as of November 30, 2016 $ 1,493,771 $ 455,182 $ 9,108 $ 1,958,061 Definite lived intangible assets are being amortized over their useful lives and will be fully amortized at the end of fiscal 2017. Advertising and Promotion Costs The Company expenses advertising and promotion costs as incurred. Advertising and promotion expense was $41,000 $57,000 2016 2015, Income Taxes Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The benefits from net operating losses carried forward may The Company files a consolidated U.S. income tax return and tax returns in various state jurisdictions. Review of the Company’s possible tax uncertainties as of November 30, 2016 November 30, 2016 The Company’s income tax returns for the years ending November 30, 2013, 2014 2015 three 3.) Earnings Per Share The Company computes earnings per share (“EPS”) under ASC 260 2016 2015 Numerator: Net income available to common shareholders $ 449,400 $ 110,632 Denominator: Weighted average outstanding shares Basic 7,263,508 7,263,508 Earnings per Share - Basic $ 0.06 $ 0.02 Effect of dilutive common stock - - Weighted average outstanding shares Diluted 7,263,508 7,263,508 Earnings per share - Diluted $ 0.06 $ 0.02 At November 30, 2016, no November 28, 2016. 2015, 237,500 Stock-Based Compensation The Company recognizes compensation cost using a fair-value based method for all share-based payments granted after November 30, 2006, November 30, 2006 no 2016 2015. Fair Value of Financial Instruments The carrying amounts of financial instruments including cash, accounts receivable, notes receivable, accounts payable and short-term debt approximate their fair values because of the relatively short maturity of these instruments. The carrying value of long-term debt, including the current portion, approximate fair value based upon market prices for the same or similar instruments. Recent Accounting Pronouncements Revenue from Contracts with Customers, ASU 2014 09 five December 15, 2017. 2014 09 November 30, 2019 On February 25, 2016, 2016 02, December 15, 2018. 2016 02 November 30, 2019 In March 2016, 2016 04, 405 20): December 15, 2017, In January 2017, 2017 04, 350), 2 December 15, 2019, Management does not believe that there are any other recently issued and effective or not yet effective pronouncements as of November 30, 2016

Note 3 - Income Taxes

Note 3 - Income Taxes	12 Months Ended
	Nov. 30, 2016
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 3 The components of the Company’s current (benefit)/provision for income taxes are as follows: 2016 2015 Current Federal $ 8,000 $ - State 1,500 (8,500 ) Deferred - - Total $ 9,500 $ (8,500 ) The effective tax rate used to compute income tax expense and deferred tax assets and liabilities is a federal rate of 34% 4.95%, A reconciliation of the expected income tax expense to the recorded income tax expense is as follows for the years ended November 30: 2016 2015 Federal income tax provision computed at federal statutory rate $ 157,883 $ 37,400 State income taxes, net of federal tax provision 22,986 5,445 Other adjustments 14,906 21,657 Change in valuation allowance and expiration of certain net operating losses (186,275 ) (73,002 ) Income Tax Provision $ 9,500 $ (8,500 ) The components of the Company’s deferred tax assets and liabilities for federal and state income taxes consist of the following: 2016 2015 Deferred revenue $ 34,754 $ 53,394 Deferred rent 15,867 18,229 Marketing Fund net contributions 233,266 163,878 Allowance for doubtful accounts and notes receivable 9,862 12,883 Accrued expenses 57,468 68,748 Net operating loss carryforwards 1,186,361 1,404,222 Valuation allowance (641,170 ) (827,445 ) Total Deferred Income Tax Asset $ 896,408 $ 893,909 Depreciation and amortization $ (648,408 ) $ (645,909 ) Total Deferred Income Tax Liabilities $ (648,408 ) $ (645,909 ) Total Net Deferred Tax Asset $ 248,000 $ 248,000 As of November 30, 2016 2017 2029 $3,046,000. $641,000 $827,000 November 30, 2016 2015,

Note 4 - Long-term Debt

Note 4 - Long-term Debt	12 Months Ended
	Nov. 30, 2016
Notes to Financial Statements
Long-term Debt [Text Block]	Note 4 On September 6, 2002, $35,000, 4.75% 15 $386,000. 1,380,040 November 30, 2015 October 1, 2016, no November 30, 2016. November 30, 2015 $33,000

Note 5 - Stockholders' Equity

Note 5 - Stockholders' Equity	12 Months Ended
	Nov. 30, 2016
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	Note 5 On December 5, 2016, $0.01 $0.01 January 9, 2017. The Board of Directors declared a cash distribution/dividend on March 3, June 6 September 6, 2016 $0.01 April 13, July 11, October 12, 2016, December 3, 2015, $0.01 $.02 January 6, 2016. The Board of Directors declared a $0.01 March 2, June 4 September 2, 2015, April 10, July 8, October 9, 2015, December 3, 2014, $0.01 $0.01 January 6, 2015. On May 6, 2013 one one one one May 13, 2013. 15% (20% ach right entitles the registered holder to purchase from the Company one one $0.90 one three On June 18, 2014 August 18, 2015 fifth

Note 6 - Stock Options

Note 6 - Stock Options	12 Months Ended
	Nov. 30, 2016
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 6 In May 2001, 1,400,000 November 30, 2009. May 25, 2011. Under the Plan, the exercise price of each option equals the market price of the Company’s stock on the date of grant. The options granted vary in vesting from immediate to a vesting period over five 10 one November 28, 2016. no November 30, 2016. During fiscal 2016 2015 November 28, 2016 two November 30 2016 2015 Options Weighted average exercise price Options Weighted average exercise price Options outstanding at beginning of year 237,500 1.275 314,400 $ 1.16 Forfeited or expired (237,500 ) 1.275 (76,900 ) 0.93 Outstanding at end of year - $ - 237,500 $ 1.275 In fiscal 2016 2015 no

Note 7 - Commitments

Note 7 - Commitments	12 Months Ended
	Nov. 30, 2016
Notes to Financial Statements
Commitments Disclosure [Text Block]	Note 7 The Company rents its Corporate office under a lease which requires it to pay base rent, real estate taxes, insurance and general repairs and maintenance. The lease is through September 30, 2018. November 30, 2016 2015 $171,000 $169,000, November 30, 2016, Year Ending November 30: 2017 $ 134,843 2018 115,197 Total $ 250,040

Note 8 - Employee Benefit Plan

Note 8 - Employee Benefit Plan	12 Months Ended
	Nov. 30, 2016
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	Note 8 The Company maintains a qualified 401(k) 2015, 401(k) January 1, 2015. 4% may 2016 2015 $44,000 $35,000, no 2016 2015.

Note 9 - Contingencies

Note 9 - Contingencies	12 Months Ended
	Nov. 30, 2016
Notes to Financial Statements
Contingencies Disclosure [Text Block]	Note 9 We are subject to various legal proceedings and claims, either asserted or unasserted, which arise in the ordinary course of business. While the outcome of such proceedings or claims cannot be predicted with certainty, management does not believe that the outcome of any such proceedings or claims will have a material effect on our financial position. Except as stated below, we know of no pending or threatened proceeding or claim to which we are or will be a party. On July 8, 2013, September 2013, March 23, 2015, $243,000 first 2015 second 2015

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Nov. 30, 2016
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition Royalty fees from franchised stores represent a 5% The Company recognizes franchise fee revenue on the store’s opening. Direct costs associated with the sale of franchises are deferred until the franchise fee revenue is recognized. These costs include site approval, construction approval, commissions, blueprints and training costs. The Company will recognize revenue upon a signed and completed franchise agreement for a Master Franchise Agreement (“MFA”). The revenue for a MFA is a nonrefundable fee and the amount of the fee is dependent on the area covered by the MFA. In addition there will be ongoing royalty fees as determined by the contract. Big Apple Bagels®, SweetDuet Frozen Yogurt and Gourmet Muffins® and My Favorite Muffin® operating units, licensed units and unopened stores for which a Franchise Agreement has been executed, are as follows: 2016 2015 Operating Units Franchise Owned 85 84 Licensed Units 3 3 88 87 Unopened stores with Franchise Agreements: 2 7 Total operating units and units with Franchise Agreements 90 94 License fees and other income primarily consist of license fees, Sign Shop revenues and defaulted and terminated franchise contract revenues. Revenue is recorded on an accrual basis. Actual amounts are used to record the majority of license fees although at times it is necessary to use estimates. Revenues and expenses recorded for the Sign Shop, as well as defaulted and terminated franchise contract revenue, are actual amounts.
Segment Reporting, Policy [Policy Text Block]	Segments Accounting standards have established annual reporting standards for an enterprise’s operating segments and related disclosures about its products, services, geographic areas and major customers. The Company’s operations were a single
Cooperative Advertising Policy [Policy Text Block]	Marketing Fund A Marketing Fund has been established for BAB, MFM and SD. Franchised stores are required to contribute a fixed percentage of their net retail sales to the Marketing Fund. Liabilities for unexpended funds received from franchisees are included as a separate line item in accrued expenses and Marketing Fund cash accounts are included in restricted funds in the accompanying Balance Sheet. The Marketing Fund also derives revenues from rebates paid by certain vendors on the sale of BAB and MFM licensed products to franchisees.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash As of November 30, 2016 2015, $599,000 $421,000, The FDIC maximum insurance on all interest and noninterest bearing checking accounts is $250,000
Receivables, Policy [Policy Text Block]	Accounts and Notes Receivable Receivables are carried at original invoice amount less estimates for doubtful accounts. Management determines the allowance for doubtful accounts by reviewing and identifying troubled accounts and by using historical collection experience. A receivable is considered to be past due if any portion of the receivable balance is outstanding 90
Inventory, Policy [Policy Text Block]	Inventories Inventories are valued at the lower of cost or market under the first first
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Plant and Equipment Property and equipment and leasehold improvements are stated at cost less accumulated depreciation and amortization. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Estimated useful lives are 3 7 10
Goodwill and Intangible Assets, Policy [Policy Text Block]	Goodwill and Other Intangible Assets Accounting Standard Codification (“ASC”) 350 The Company tests goodwill and trademarks that are not subject to amortization for impairment annually or more frequently if events or circumstances indicate that impairment is possible. Goodwill and trademarks were tested on February 28, 2016 2016, The impairment test performed for fiscal 2016 February 28, 2015 The net book value of goodwill and intangible assets with indefinite and definite lives are as follows: Goodwill Trademarks Definite Lived Intangibles Total Net Balance as of November 30, 2014 $ 1,493,771 $ 454,479 $ 35,187 $ 1,983,437 Additions - 703 2,500 3,203 Amortization expense - - (14,700 ) (14,700 ) Net Balance as of November 30, 2015 1,493,771 455,182 22,987 1,971,940 Additions - - 4,022 4,022 Amortization expense - - (17,901 ) (17,901 ) Net Balance as of November 30, 2016 $ 1,493,771 $ 455,182 $ 9,108 $ 1,958,061 Definite lived intangible assets are being amortized over their useful lives and will be fully amortized at the end of fiscal 2017.
Advertising Costs, Policy [Policy Text Block]	Advertising and Promotion Costs The Company expenses advertising and promotion costs as incurred. Advertising and promotion expense was $41,000 $57,000 2016 2015,
Income Tax, Policy [Policy Text Block]	Income Taxes Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The benefits from net operating losses carried forward may The Company files a consolidated U.S. income tax return and tax returns in various state jurisdictions. Review of the Company’s possible tax uncertainties as of November 30, 2016 November 30, 2016 The Company’s income tax returns for the years ending November 30, 2013, 2014 2015 three 3.)
Earnings Per Share, Policy [Policy Text Block]	Earnings Per Share The Company computes earnings per share (“EPS”) under ASC 260 2016 2015 Numerator: Net income available to common shareholders $ 449,400 $ 110,632 Denominator: Weighted average outstanding shares Basic 7,263,508 7,263,508 Earnings per Share - Basic $ 0.06 $ 0.02 Effect of dilutive common stock - - Weighted average outstanding shares Diluted 7,263,508 7,263,508 Earnings per share - Diluted $ 0.06 $ 0.02 At November 30, 2016, no November 28, 2016. 2015, 237,500
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation The Company recognizes compensation cost using a fair-value based method for all share-based payments granted after November 30, 2006, November 30, 2006 no 2016 2015.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments The carrying amounts of financial instruments including cash, accounts receivable, notes receivable, accounts payable and short-term debt approximate their fair values because of the relatively short maturity of these instruments. The carrying value of long-term debt, including the current portion, approximate fair value based upon market prices for the same or similar instruments.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Revenue from Contracts with Customers, ASU 2014 09 five December 15, 2017. 2014 09 November 30, 2019 On February 25, 2016, 2016 02, December 15, 2018. 2016 02 November 30, 2019 In March 2016, 2016 04, 405 20): December 15, 2017, In January 2017, 2017 04, 350), 2 December 15, 2019, Management does not believe that there are any other recently issued and effective or not yet effective pronouncements as of November 30, 2016

Note 2- Summary of Significan17

Note 2- Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Nov. 30, 2016
Notes Tables
Schedule of Franchisor Disclosure [Table Text Block]	2016 2015 Operating Units Franchise Owned 85 84 Licensed Units 3 3 88 87 Unopened stores with Franchise Agreements: 2 7 Total operating units and units with Franchise Agreements 90 94
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Goodwill Trademarks Definite Lived Intangibles Total Net Balance as of November 30, 2014 $ 1,493,771 $ 454,479 $ 35,187 $ 1,983,437 Additions - 703 2,500 3,203 Amortization expense - - (14,700 ) (14,700 ) Net Balance as of November 30, 2015 1,493,771 455,182 22,987 1,971,940 Additions - - 4,022 4,022 Amortization expense - - (17,901 ) (17,901 ) Net Balance as of November 30, 2016 $ 1,493,771 $ 455,182 $ 9,108 $ 1,958,061
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	2016 2015 Numerator: Net income available to common shareholders $ 449,400 $ 110,632 Denominator: Weighted average outstanding shares Basic 7,263,508 7,263,508 Earnings per Share - Basic $ 0.06 $ 0.02 Effect of dilutive common stock - - Weighted average outstanding shares Diluted 7,263,508 7,263,508 Earnings per share - Diluted $ 0.06 $ 0.02

Note 3 - Income Taxes (Tables)

Note 3 - Income Taxes (Tables)	12 Months Ended
	Nov. 30, 2016
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	2016 2015 Current Federal $ 8,000 $ - State 1,500 (8,500 ) Deferred - - Total $ 9,500 $ (8,500 )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2016 2015 Federal income tax provision computed at federal statutory rate $ 157,883 $ 37,400 State income taxes, net of federal tax provision 22,986 5,445 Other adjustments 14,906 21,657 Change in valuation allowance and expiration of certain net operating losses (186,275 ) (73,002 ) Income Tax Provision $ 9,500 $ (8,500 )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	2016 2015 Deferred revenue $ 34,754 $ 53,394 Deferred rent 15,867 18,229 Marketing Fund net contributions 233,266 163,878 Allowance for doubtful accounts and notes receivable 9,862 12,883 Accrued expenses 57,468 68,748 Net operating loss carryforwards 1,186,361 1,404,222 Valuation allowance (641,170 ) (827,445 ) Total Deferred Income Tax Asset $ 896,408 $ 893,909 Depreciation and amortization $ (648,408 ) $ (645,909 ) Total Deferred Income Tax Liabilities $ (648,408 ) $ (645,909 ) Total Net Deferred Tax Asset $ 248,000 $ 248,000

Note 6 - Stock Options (Tables)

Note 6 - Stock Options (Tables)	12 Months Ended
	Nov. 30, 2016
Notes Tables
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	2016 2015 Options Weighted average exercise price Options Weighted average exercise price Options outstanding at beginning of year 237,500 1.275 314,400 $ 1.16 Forfeited or expired (237,500 ) 1.275 (76,900 ) 0.93 Outstanding at end of year - $ - 237,500 $ 1.275

Note 7 - Commitments (Tables)

Note 7 - Commitments (Tables)	12 Months Ended
	Nov. 30, 2016
Notes Tables
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Year Ending November 30: 2017 $ 134,843 2018 115,197 Total $ 250,040

Note 1 - Nature of Operations (

Note 1 - Nature of Operations (Details Textual)	Nov. 30, 2016	Nov. 30, 2015
Number of Wholly Owned Subsidiaries	3
Number of Stores	90	94
Number of States in which Entity Operates	23
Franchised Units [Member]
Number of Stores	85	84
Licensed Units [Member]
Number of Stores	3	3
Units Under Development [Member]
Number of Stores	2

Note 2- Summary of Significan22

Note 2- Summary of Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Royalty Fees From Franchises Percentage	5.00%
Number of Reportable Segments	1
Cash, FDIC Insured Amount	$ 250,000
Advertising Expense	$ 41,000	$ 57,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	237,500
Allocated Share-based Compensation Expense	$ 0	$ 0
Goodwill, Impairment Loss	$ 0
Leasehold Improvements [Member]
Property, Plant and Equipment, Useful Life	10 years
Minimum [Member]
Property, Plant and Equipment, Useful Life	3 years
Maximum [Member]
Property, Plant and Equipment, Useful Life	7 years
Marketing Fund [Member]
Restricted Cash and Cash Equivalents	$ 599,000	$ 421,000

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies - Operating Units (Details)	Nov. 30, 2016	Nov. 30, 2015
Operating Units and Units with Franchise Agreements	90	94
Franchised Units [Member]
Operating Units and Units with Franchise Agreements	85	84
Licensed Units [Member]
Operating Units and Units with Franchise Agreements	3	3
Total Franchised Owned and Licensed Units [Member]
Operating Units and Units with Franchise Agreements	88	87
Unopened Store [Member]
Operating Units and Units with Franchise Agreements	2	7

Note 2 - Summary of Significa24

Note 2 - Summary of Significant Accounting Policies - Net Book Value of Goodwill and Intangible Assets with Indefinite and Definite Lives (Details) - USD ($)	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Net Balance	$ 1,971,940	$ 1,983,437
Additions	4,023	3,203
Amortization expense	(17,901)	(14,700)
Net Balance	1,958,061	1,971,940
Definite Lived Intangible Assets [Member]
Net Balance	22,987	35,187
Additions	4,022	2,500
Amortization expense	(17,901)	(14,700)
Net Balance	9,108	22,987
Trademarks [Member]
Net Balance	455,182	454,479
Additions		703
Amortization expense
Net Balance	455,182	455,182
Goodwill [Member]
Net Balance	1,493,771	1,493,771
Additions
Amortization expense
Net Balance	$ 1,493,771	$ 1,493,771

Note 2 - Summary of Significa25

Note 2 - Summary of Significant Accounting Policies - Computation of Earnings Per Share (Details) - USD ($)	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Net income available to common shareholders	$ 449,400	$ 110,632
Weighted average outstanding shares
Basic (in shares)	7,263,508	7,263,508
Earnings per Share - Basic (in dollars per share)	$ 0.06	$ 0.02
Effect of dilutive common stock (in shares)
Diluted (in shares)	7,263,508	7,263,508
Earnings per share - Diluted (in dollars per share)	$ 0.06	$ 0.02

Note 3 - Income Taxes (Details

Note 3 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Effective Income Tax Rate Reconciliation, Percent	34.00%
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent	4.95%
Deferred Tax Assets, Operating Loss Carryforwards, Domestic	$ 3,046,000
Deferred Tax Assets, Valuation Allowance	$ 641,170	$ 827,445

Note 3 - Income Taxes - Compone

Note 3 - Income Taxes - Components of the Current Provision (Benefit) for Income Taxes (Details) - USD ($)	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Current
Federal	$ 8,000	$ 0
State	1,500	(8,500)
Deferred	0	0
Total	$ 9,500	$ (8,500)

Note 3 - Income Taxes - Reconci

Note 3 - Income Taxes - Reconciliation of the Expected Income Tax Expense (Benefit) to the Recorded Income Tax Expense (Benefit) (Details) - USD ($)	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Federal income tax provision computed at federal statutory rate	$ 157,883	$ 37,400
State income taxes, net of federal tax provision	22,986	5,445
Other adjustments	14,906	21,657
Change in valuation allowance and expiration of certain net operating losses	(186,275)	(73,002)
Total	$ 9,500	$ (8,500)

Note 3 - Income Taxes - The Com

Note 3 - Income Taxes - The Components of the Deferred Tax Assets and Liabilities for Federal and State Income Taxes (Details) - USD ($)	Nov. 30, 2016	Nov. 30, 2015
Deferred revenue	$ 34,754	$ 53,394
Deferred rent	15,867	18,229
Marketing Fund net contributions	233,266	163,878
Allowance for doubtful accounts and notes receivable	9,862	12,883
Accrued expenses	57,468	68,748
Net operating loss carryforwards	1,186,361	1,404,222
Valuation allowance	(641,170)	(827,445)
Total Deferred Income Tax Asset	896,408	893,909
Depreciation and amortization	(648,408)	(645,909)
Total Deferred Income Tax Liabilities	(648,408)	(645,909)
Total Net Deferred Tax Asset	$ 248,000	$ 248,000

Note 4 - Long-term Debt (Detail

Note 4 - Long-term Debt (Details Textual) - USD ($)	Sep. 06, 2002	Nov. 30, 2016	Nov. 30, 2015
Debt Instrument, Periodic Payment	$ 35,000
Debt Instrument, Interest Rate, Stated Percentage	4.75%
Debt Instrument, Term	15 years
Debt Instrument, Face Amount	$ 386,000
Stock Repurchased and Retired During Period, Shares	1,380,040
Notes Payable, Noncurrent		$ 0	$ 33,000

Note 5 - Stockholders' Equity (

Note 5 - Stockholders' Equity (Details Textual) - USD ($)	Jan. 09, 2017	Dec. 05, 2016	Oct. 12, 2016	Sep. 06, 2016	Jul. 11, 2016	Jun. 06, 2016	Apr. 13, 2016	Mar. 03, 2016	Jan. 06, 2016	Dec. 03, 2015	Oct. 09, 2015	Sep. 02, 2015	Jul. 08, 2015	Jun. 04, 2015	Apr. 10, 2015	Mar. 02, 2015	Jan. 06, 2015	Dec. 03, 2014	May 13, 2013	May 06, 2013	Nov. 30, 2016	Nov. 30, 2015
Common Stock, Dividends, Per Share, Declared				$ 0.01		$ 0.01		$ 0.01													$ 0.06	$ 0.05
Preferred Stock Dividends Number of Rights Declared																				1
Preferred Stock Dividends Number of Rights Issued																			1
Preferred Stock Dividends Number of Rights Minimum Percent of Common Stock that must be Acquired to Make Rights Exercisable																			15.00%
Preferred Stock Dividends Number of Rights Minimum Percent of Common Stock that Must be Acquired to Make Rights Exercisable Institutional Investors																			20.00%
Preferred Stock Dividends Rights Exercise Price																			$ 0.90
Preferred Stock Dividends Rights Expiration Term																			3 years
Common Stock, Dividends, Per Share, Cash Paid			$ 0.01		$ 0.01		$ 0.01
Quarterly Dividend [Member]
Common Stock, Dividends, Per Share, Declared										$ 0.01		$ 0.01		$ 0.01		$ 0.01		$ 0.01
Common Stock, Dividends, Per Share, Cash Paid										$ 0.01	$ 0.01		$ 0.01		$ 0.01			$ 0.01
Special Cash Distribution [Member]
Common Stock, Dividends, Per Share, Declared									$ 0.02								$ 0.01
Common Stock, Dividends, Per Share, Cash Paid									$ 0.02								$ 0.01
Subsequent Event [Member] | Quarterly Dividend [Member]
Common Stock, Dividends, Per Share, Declared		$ 0.01
Common Stock, Dividends, Per Share, Cash Paid		$ 0.01
Subsequent Event [Member] | Special Cash Distribution [Member]
Common Stock, Dividends, Per Share, Declared	$ 0.01
Common Stock, Dividends, Per Share, Cash Paid	$ 0.01

Note 6 - Stock Options (Details

Note 6 - Stock Options (Details Textual) - USD ($)	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015	Nov. 30, 2014	May 31, 2001
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				1,400,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	0	237,500	314,400
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0
Allocated Share-based Compensation Expense	$ 0	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	0	0

Note 6 - Stock Options - Stock

Note 6 - Stock Options - Stock Option Activity (Details) - $ / shares	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Options outstanding at beginning of year (in shares)	237,500	314,400
Options outstanding at beginning of year (in dollars per share)	$ 1.275	$ 1.16
Forfeited or expired (in shares)	(237,500)	(76,900)
Forfeited or expired (in dollars per share)	$ 1.275	$ 0.93
Outstanding at end of year (in shares)	0	237,500
Outstanding at end of year (in dollars per share)		$ 1.275

Note 7 - Commitments (Details T

Note 7 - Commitments (Details Textual) - USD ($)	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Operating Leases, Rent Expense, Net	$ 171,000	$ 169,000

Note 7 - Commitments - Future M

Note 7 - Commitments - Future Minimum Annual Rental Commitments under Corporate Lease (Details)	Nov. 30, 2016USD ($)
2,017	$ 134,843
2,018	115,197
Total	$ 250,040

Note 8 - Employee Benefit Plan

Note 8 - Employee Benefit Plan (Details Textual) - USD ($)	12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	4.00%
Defined Contribution Plan, Cost Recognized	$ 44,000	$ 35,000
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 0	$ 0

Note 9 - Contingencies (Details

Note 9 - Contingencies (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
	Feb. 28, 2015	Nov. 30, 2016	Nov. 30, 2015
Litigation Settlement, Expense	$ 243,000		$ 243,046