BAB (BABB) 10-Q 14 Jul 20 2020 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	May 31, 2020	Jul. 14, 2020
Document Information [Line Items]
Entity Registrant Name	BAB, INC.
Entity Central Index Key	0001123596
Trading Symbol	babb
Current Fiscal Year End Date	--11-30
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		7,263,508
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	May 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Title of 12(b) Security	Common Stock

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	May 31, 2020	Nov. 30, 2019
Current Assets
Cash	$ 1,006,891	$ 1,095,235
Restricted cash	269,228	400,434
Receivables
Trade accounts and notes receivable (net of allowance for doubtful accounts of $21,810 in 2020 and $24,792 in 2019 )	49,143	66,870
Marketing fund contributions receivable from franchisees and stores		17,219
Prepaid expenses and other current assets	68,845	94,145
Total Current Assets	1,394,107	1,673,903
Property, plant and equipment (net of accumulated depreciation of $156,431 in 2020 and $155,752 in 2019)	2,984	3,662
Trademarks	461,445	461,445
Goodwill	1,493,771	1,493,771
Definite lived intangible assets (net of accumulated amortization of $126,114 in 2020 and $125,278 in 2019)	14,379	12,625
Operating lease right of use	344,152	384,159
Deferred tax asset	200,000	200,000
Total Noncurrent Assets	2,516,731	2,555,662
Total Assets	3,910,838	4,229,565
Current Liabilities
Accounts payable	6,648	4,195
Accrued expenses and other current liabilities	246,376	287,414
Contract with customer, liability, current	485,357
Current portion operating lease liability	95,615	92,139
Total Current Liabilities	660,932	860,488
Long-term Liabilities (net of current portion)
Operating lease liability	310,449	359,242
Contract with customer, liability, noncurrent	100,483
Long term debt	228,155
Total Long-term Liabilities	639,087	439,352
Total Liabilities	1,300,019	1,299,840
Stockholders' Equity
Preferred shares
Common stock -$.001 par value; 15,000,000 shares authorized; 8,466,953 shares issued and 7,263,508 shares outstanding as of May 31, 2020 and November 30, 2019	13,508,257	13,508,257
Additional paid-in capital	987,034	987,034
Treasury stock	(222,781)	(222,781)
Accumulated deficit	(11,661,691)	(11,342,785)
Total Stockholders' Equity	2,610,819	2,929,725
Total Liabilities and Stockholders' Equity	3,910,838	4,229,565
Series A Preferred Stock [Member]
Stockholders' Equity
Preferred shares
Marketing Fund [Member]
Current Liabilities
Contract with customer, liability, current	267,033	416,305
Franchise [Member]
Current Liabilities
Contract with customer, liability, current	29,189	29,363
Long-term Liabilities (net of current portion)
Contract with customer, liability, noncurrent	94,828	72,670
License [Member]
Current Liabilities
Contract with customer, liability, current	16,071	31,072
Long-term Liabilities (net of current portion)
Contract with customer, liability, noncurrent	$ 5,655	$ 7,440

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	May 31, 2020	Nov. 30, 2019
Trade accounts and notes receivable, allowance for doubtful accounts	$ 21,810	$ 24,792
Property, plant and equipment, accumulated depreciation	156,431	155,752
Definite lived intangible assets, accumulated amortization	$ 126,114	$ 123,949
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, authorized (in shares)	15,000,000	15,000,000
Common stock, issued (in shares)	8,466,953	8,466,953
Common stock, outstanding (in shares)	7,263,508	7,263,508
Series A Preferred Stock [Member]
Preferred shares, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred shares, authorized (in shares)	1,000,000	1,000,000
Preferred shares, outstanding (in shares)	0	0

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2020	May 31, 2019	May 31, 2020	May 31, 2019
REVENUES
Revenues	$ 351,820	$ 774,214	$ 1,047,504	$ 1,486,514
OPERATING EXPENSES
Payroll and payroll-related expenses	219,112	234,697	449,517	450,632
Occupancy	34,674	30,911	68,352	50,547
Advertising and promotion	7,734	11,336	21,644	22,663
Professional service fees	30,412	22,230	79,529	81,864
Travel	1,510	9,776	9,509	17,735
Employee benefit expenses	37,006	34,190	74,196	73,923
Depreciation and amortization	774	401	1,514	800
Marketing fund expenses	47,031	255,832	274,552	484,620
Other	45,224	41,828	82,258	69,117
Total Operating Expenses	423,477	641,201	1,061,071	1,251,901
(Loss)/Income from operations	(71,657)	133,013	(13,567)	234,613
Interest income	97	124	201	384
Income before provision for income taxes	(71,560)	133,137	(13,366)	234,997
Provision for income taxes
Current tax expense		5,000	15,000	10,000
Net (Loss)/Income	$ (71,560)	$ 128,137	$ (28,366)	$ 224,997
Net (Loss)/Income per share - Basic and Diluted (in dollars per share)	$ (0.01)	$ 0.02	$ 0	$ 0.03
Weighted average shares outstanding - Basic and diluted (in shares)	7,263,508	7,263,508	7,263,508	7,263,508
Cash distributions declared per share (in dollars per share)	$ 0.01	$ 0.01	$ 0.04	$ 0.04
Royalty [Member]
REVENUES
Revenues	$ 238,491	$ 419,737	$ 625,830	$ 792,855
Franchise [Member]
REVENUES
Revenues	3,874	3,413	7,524	16,826
Licensing Fees and Other Income [Member]
REVENUES
Revenues	62,424	95,232	139,598	192,213
Marketing Fund [Member]
REVENUES
Revenues	$ 47,031	$ 255,832	$ 274,552	$ 484,620

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	May 31, 2020	May 31, 2019
Operating activities
Net (Loss) Income	$ (28,366)	$ 224,997
Adjustments to reconcile net income to cash flows provided by operating activities:
Depreciation and amortization	1,514	800
Provision for uncollectible accounts, net of recoveries	(3,871)	(13,792)
Noncash lease expense	49,656	51,068
Changes in:
Trade accounts receivable and notes receivable	21,599	27,510
Marketing fund contributions receivable	17,219	(941)
Prepaid expenses and other	25,300	2,140
Accounts payable	2,453	7,408
Accrued liabilities	(96,004)	(14,690)
Unexpended marketing fund contributions	(149,272)	(46,256)
Deferred revenue	5,197	(23,756)
Net Cash (Used In)/ Provided by Operating Activities	(154,575)	214,488
Investing activities
Capitalization of trademark renewals	(2,590)	(4,665)
Net Cash (Used In) By Investing Activities	(2,590)	(4,665)
Financing activities
Loan proceeds	228,155
Cash distributions/dividends	(290,540)	(290,540)
Net Cash Used In Financing Activities	(62,385)	(290,540)
Net Decrease in Cash, Cash Equivalents and Restricted Cash	(219,550)	(80,717)
Cash, Cash Equivalents and Restricted Cash - Beginning of Period	1,495,669	1,509,227
Cash, Cash Equivalents and Restricted Cash - End of Period	1,276,119	1,428,510
Supplemental disclosure of cash flow information:
Interest paid
Income taxes paid	$ 35,262	$ 2,000

Note 1 - Nature of Operations

Note 1 - Nature of Operations	6 Months Ended
	May 31, 2020
Notes to Financial Statements
Nature of Operations [Text Block]	Note 1. BAB, Inc. (“the Company”) has three December 2, 1992, 1997 1996 1995, none. 1999, 2009 no The Company was incorporated under the laws of the State of Delaware on July 12, 2000. May 31, 2020, 72 7 22 2 The BAB franchised brand consists of units operating as “Big Apple Bagels®,” featuring daily baked bagels, flavored cream cheeses, premium coffees, gourmet bagel sandwiches and other related products. BAB units are primarily concentrated in the Midwest and Western United States. The MFM brand consists of units operating as “My Favorite Muffin Gourmet Muffin Bakery™” (“MFM Bakery”), featuring a large variety of freshly baked muffins and coffees and units operating as “My Favorite Muffin Your All Day Bakery Café®” (“MFM Cafe”) featuring these products as well as a variety of specialty bagel sandwiches and related products. The SweetDuet® is a branded self-serve frozen yogurt that can be added as an additional brand in a BAB location. Although the Company doesn't actively market Brewster's stand-alone franchises, Brewster's coffee products are sold in most franchised units. The Company is leveraging on the natural synergy of distributing muffin products in existing BAB units and, alternatively, bagel products and Brewster's Coffee in existing MFM units. The Company expects to continue to realize efficiencies in servicing the combined base of BAB and MFM franchisees. The accompanying condensed consolidated financial statements are unaudited. These financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles have been omitted pursuant to such SEC rules and regulations; nevertheless, the Company believes that the disclosures are adequate to make the information presented not 10 November 30, 2019 February 24, 2020. not

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
	May 31, 2020
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. Summary of S ignificant A ccounting P olicies Unaudited C onsolidated F inancial S tatements The accompanying unaudited Condensed Consolidated Financial Statements of BAB, Inc. have been prepared pursuant to generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information and the rules and regulations of the United States Securities and Exchange Commission (the “SEC”) for Form 10 Uses of E stimates The preparation of the financial statements and accompanying notes are 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, liabilities, revenue and expenses and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported periods. Actual results could differ from those estimates. 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 Property, Plant and Equipment Property, 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 Advertising and Promotion Costs The Company expenses advertising and promotion costs as incurred. All advertising and promotion costs were related to the Company’s franchise operations. Leases The company accounts for leases under ASC 842. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most leases do not may Recent Accounting Pronouncements In December 2019, 2019 12, “Income Taxes (Topic 740 2019 12 740 The amendments in ASU 2019 12 December 15, 2020, If an entity early adopts these amendments in an interim period, it should reflect any adjustments as of the beginning of the annual period that includes that interim period. In addition, an entity that elects to early adopt the standard is required to adopt all of the amendments in the same period (i.e., an entity cannot select which amendments to early adopt). The Company is still evaluating the specific effect of this change. The Company will adopt ASU 2019 12 November 30, 2021. Management does not not Statement of Cash Flows The chart below shows the cash and restricted cash within the consolidated statements of cash flows as of May 31, 2020 May 31, 2019 May 31, 2020 May 31, 2019 Cash and cash equivalents $ 1,006,891 $ 1,031,711 Restricted cash 269,228 396,799 Total cash, cash equivalents and restricted cash $ 1,276,119 $ 1,428,510

Note 3 - Revenue Recognition

Note 3 - Revenue Recognition	6 Months Ended
	May 31, 2020
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	3. Franchise and related revenue The Company sells individual franchises. The franchise agreements typically require the franchisee to pay an initial, non-refundable fee prior to opening the respective location(s), and continuing royalty fees on a weekly basis based upon a percentage of franchisee net sales. The initial term of franchise agreements are typically 10 may may no Under the terms of our franchise agreements, the Company typically promises to provide franchise rights, pre-opening services such as blueprints, operational materials, planning and functional training courses, and ongoing services, such as management of the marketing fund. Upon adoption of Topic 606, two two Royalty income is recognized during the respective franchise agreement based on the royalties earned each period as the underlying franchise store sales occur. Adoption of ASC 606 not not There are two one Gift Card Breakage Revenue The Company sells gift cards to its customers in its retail stores and through its Corporate office. The Company’s gift cards do not not The Company recognizes gift card breakage proportional to actual gift card redemptions as required under ASC 606 Nontraditional and rebate revenue As part of the Company’s franchise agreements, the franchisee purchases products and supplies from designated vendors. The Company may may not Marketing Fund Franchise agreements require the franchisee to pay continuing marketing fees on a weekly basis, based on a percentage of franchisees sales. Marketing fees are not not Contract balances Information about contract balances is as follows: May 31, 2020 December 1, 2019 Assets Accounts receivable $ 45,491 $ 58,853 Total Assets 45,491 58,853 Liabilities Contract liabilities - current 485,357 622,724 Contract liabilities - long-term 100,483 80,110 Total Contract Liabilities $ 585,840 $ 702,834 Accounts receivable represent weekly royalty payments and monthly vendor rebate payments that represent billed and unbilled receivables due as of May 31, 2020 December 1, 2019. Accounts Receivable Contract Liabilities Balance at December 1, 2019 $ 58,853 $ 702,834 Revenue Recognized 264,144 (433,024 ) Amounts (collected) or invoiced, net (277,506 ) 316,030 Balance at May 31, 2020 $ 45,491 $ 585,840 Transaction price from license fees and nontraditional revenue allocated to remaining performance obligations as of May 31, 2020: (a) 2020 $ 61,625 2021 44,753 2022 18,667 2023 13,995 2024 11,864 Thereafter 12,989 Total $ 163,893 (a) represents the estimate for the remainder of 2020 The Company has elected to apply certain practical expedients as defined in ASC 606 10 50 14 606 10 50 14A, one not

Note 4 - Units Open and Under D

Note 4 - Units Open and Under Development	6 Months Ended
	May 31, 2020
Notes to Financial Statements
Units Open and Under Development [Text Block]	4. Units which are open or under development at May 31, 2020 Stores open: Franchisee-owned stores 72 Licensed Units 7 79 Unopened stores with Franchise Agreements 2 Total operating units and units with Franchise Agreements 81

Note 5 - Earnings Per Share

Note 5 - Earnings Per Share	6 Months Ended
	May 31, 2020
Notes to Financial Statements
Earnings Per Share [Text Block]	5. The following table sets forth the computation of basic and diluted earnings per share: For the three months ended: For the six months ended: May 31, 2020 May 31, 2019 May 31, 2020 May 31, 2019 Numerator: Net (loss)/income available to common shareholders $ (71,560 ) $ 128,137 $ (28,366 ) $ 224,997 Denominator: Weighted average outstanding shares Basic and diluted common stock 7,263,508 7,263,508 7,263,508 7,263,508 (Loss)/Earnings per Share - Basic $ (0.01 ) $ 0.02 $ (0.00 ) $ 0.03

Note 6 - Goodwill and Other Int

Note 6 - Goodwill and Other Intangible Assets	6 Months Ended
	May 31, 2020
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	6 . Goodwill and Other Intangible Assets Accounting Standard Codification (“ASC”) 350 no Following the guidelines contained in ASC 350, not first February 28, 2020, not first 2020, not May 31, 2020, not May 31, 2020. Due to the impact of the COVID- 19 April May 2020. third 2020, June May 2020, no second 2020

Note 7 - Lease Commitments

Note 7 - Lease Commitments	6 Months Ended
	May 31, 2020
Notes to Financial Statements
Commitments Disclosure [Text Block]	7. The Company rents its office under an operating lease which requires it to pay base rent, real estate taxes, insurance and general repairs and maintenance. A lease was signed in June 2018, October 1, 2018, March 31, 2024 5 six $21,300. not Monthly rent expense is recognized on a straight-line basis over the term of the lease. At May 31, 2020 46 5.25% Gross future minimum annual rental commitments as of May 31, 2020 Undiscounted Rent Year Ending November 30: 2020 $ 55,409 2021 113,024 2022 115,673 2023 118,322 Thereafter 40,176 Total Undiscounted Rent Payments 442,604 Present Value Discount (36,540 ) Present Value $ 406,064 Short-term lease liability $ 95,615 Long-term lease liability 310,449 Total Operating Lease Liability $ 406,064

Note 8 - Loan

Note 8 - Loan	6 Months Ended
	May 31, 2020
Notes to Financial Statements
Effect of Covid-19 Pandemic [Text Block]	8 . Loan On May 1, 2020, $228,155 1 March 27, 2020. The PPP Loan, which was in the form of a Note dated April 30, 2020 two 1% six may no Under the terms of the CARES Act, PPP Loan participants can apply for and be granted forgiveness for all or a portion of loans granted under the PPP. Under the terms of the PPP, PPP loans and accrued interest are forgivable between eight twenty-four eight no

Note 9 - Stockholder's Equity

Note 9 - Stockholder's Equity	6 Months Ended
	May 31, 2020
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	9 . Stockholder’s Equity On December 5, 2019, $.01 $0.02 January 8, 2020. On March 4, 2020, $0.01 March 23, 2020 April 08, 2020. On May 6, 2013, one May 13, 2013. one one $0.90 one May 6, 2013, The Board adopted the Rights Agreement to protect stockholders from coercive or otherwise unfair takeover tactics. In general terms, it works by imposing a significant penalty upon any person or group that acquires 15% 20% 13G may not Full details about the Rights Plan are contained in a Form 8 May 7, 2013. On June 18, 2014 August 18, 2015 fifth May 22, 2017 seventh February 22, 2019 ninth

Note 10 - Subsequent Events

Note 10 - Subsequent Events	6 Months Ended
	May 31, 2020
Notes to Financial Statements
Subsequent Events [Text Block]	10. Subsequent Events The COVID- 19 April May. May 2020, In order to support our franchisees during this difficult time, the Company waived the 3% March 16, 2020 May 31, 2020, June 2020. not 8 May 5, 2020 While the Coronavirus pandemic has created challenges for restaurants around the country, we are proud of the work our franchisees have put in to adapt to changing regulations and government mandates. As states begin to open up and ease restrictions we have seen franchise locations total system-wide sales rebound from down approximately 67% 20 12% 32.

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	May 31, 2020
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Unaudited C onsolidated F inancial S tatements The accompanying unaudited Condensed Consolidated Financial Statements of BAB, Inc. have been prepared pursuant to generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information and the rules and regulations of the United States Securities and Exchange Commission (the “SEC”) for Form 10
Use of Estimates, Policy [Policy Text Block]	Uses of E stimates The preparation of the financial statements and accompanying notes are 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, liabilities, revenue and expenses and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported periods. Actual results could differ from those estimates.
Receivable [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
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Plant and Equipment Property, 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
Advertising Cost [Policy Text Block]	Advertising and Promotion Costs The Company expenses advertising and promotion costs as incurred. All advertising and promotion costs were related to the Company’s franchise operations.
Lessee, Leases [Policy Text Block]	Leases The company accounts for leases under ASC 842. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most leases do not may
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In December 2019, 2019 12, “Income Taxes (Topic 740 2019 12 740 The amendments in ASU 2019 12 December 15, 2020, If an entity early adopts these amendments in an interim period, it should reflect any adjustments as of the beginning of the annual period that includes that interim period. In addition, an entity that elects to early adopt the standard is required to adopt all of the amendments in the same period (i.e., an entity cannot select which amendments to early adopt). The Company is still evaluating the specific effect of this change. The Company will adopt ASU 2019 12 November 30, 2021. Management does not not Statement of Cash Flows The chart below shows the cash and restricted cash within the consolidated statements of cash flows as of May 31, 2020 May 31, 2019 May 31, 2020 May 31, 2019 Cash and cash equivalents $ 1,006,891 $ 1,031,711 Restricted cash 269,228 396,799 Total cash, cash equivalents and restricted cash $ 1,276,119 $ 1,428,510

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Tables)	6 Months Ended
	May 31, 2020
Notes Tables
Cash, Cash Equivalents, and Restricted Cash, Cash Flow Statement Reconciliation [Table Text Block]	May 31, 2020 May 31, 2019 Cash and cash equivalents $ 1,006,891 $ 1,031,711 Restricted cash 269,228 396,799 Total cash, cash equivalents and restricted cash $ 1,276,119 $ 1,428,510

Note 3 - Revenue Recognition (T

Note 3 - Revenue Recognition (Tables)	6 Months Ended
	May 31, 2020
Notes Tables
Contract With Customer Asset and Liability, Subject to Change [Table Text Block]	May 31, 2020 December 1, 2019 Assets Accounts receivable $ 45,491 $ 58,853 Total Assets 45,491 58,853 Liabilities Contract liabilities - current 485,357 622,724 Contract liabilities - long-term 100,483 80,110 Total Contract Liabilities $ 585,840 $ 702,834
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	Accounts Receivable Contract Liabilities Balance at December 1, 2019 $ 58,853 $ 702,834 Revenue Recognized 264,144 (433,024 ) Amounts (collected) or invoiced, net (277,506 ) 316,030 Balance at May 31, 2020 $ 45,491 $ 585,840
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]	(a) 2020 $ 61,625 2021 44,753 2022 18,667 2023 13,995 2024 11,864 Thereafter 12,989 Total $ 163,893

Note 4 - Units Open and Under_2

Note 4 - Units Open and Under Development (Tables)	6 Months Ended
	May 31, 2020
Notes Tables
Schedule of Franchisor Disclosure [Table Text Block]	Stores open: Franchisee-owned stores 72 Licensed Units 7 79 Unopened stores with Franchise Agreements 2 Total operating units and units with Franchise Agreements 81

Note 5 - Earnings Per Share (Ta

Note 5 - Earnings Per Share (Tables)	6 Months Ended
	May 31, 2020
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the three months ended: For the six months ended: May 31, 2020 May 31, 2019 May 31, 2020 May 31, 2019 Numerator: Net (loss)/income available to common shareholders $ (71,560 ) $ 128,137 $ (28,366 ) $ 224,997 Denominator: Weighted average outstanding shares Basic and diluted common stock 7,263,508 7,263,508 7,263,508 7,263,508 (Loss)/Earnings per Share - Basic $ (0.01 ) $ 0.02 $ (0.00 ) $ 0.03

Note 7 - Lease Commitments (Tab

Note 7 - Lease Commitments (Tables)	6 Months Ended
	May 31, 2020
Notes Tables
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Undiscounted Rent Year Ending November 30: 2020 $ 55,409 2021 113,024 2022 115,673 2023 118,322 Thereafter 40,176 Total Undiscounted Rent Payments 442,604 Present Value Discount (36,540 ) Present Value $ 406,064 Short-term lease liability $ 95,615 Long-term lease liability 310,449 Total Operating Lease Liability $ 406,064

Note 1 - Nature of Operations (

Note 1 - Nature of Operations (Details Textual)	May 31, 2020
Number of Wholly Owned Subsidiaries	3
Number of Stores	81
Number of States in which Entity Operates	22
Franchised Units [Member]
Number of Stores	72
Licensed Units [Member]
Number of Stores	7
Units Under Development [Member]
Number of Stores	2

Note 2 - Summary of Significa_3

Note 2 - Summary of Significant Accounting Policies (Details Textual)	6 Months Ended
	May 31, 2020
Leasehold Improvements [Member]
Property, Plant and Equipment, Useful Life (Year)	10 years
Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	3 years
Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	7 years

Note 2 - Summary of Significa_4

Note 2 - Summary of Significant Accounting Policies - Summary of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($)	May 31, 2020	Nov. 30, 2019	May 31, 2019	Nov. 30, 2018
Cash and cash equivalents	$ 1,006,891	$ 1,095,235	$ 1,031,711
Restricted cash	269,228		396,799
Total cash, cash equivalents and restricted cash	$ 1,276,119	$ 1,495,669	$ 1,428,510	$ 1,509,227

Note 3 - Revenue Recognition (D

Note 3 - Revenue Recognition (Details Textual)	6 Months Ended
	May 31, 2020
Initial Franchise Term (Year)	10 years

Note 3 - Revenue Recognition -

Note 3 - Revenue Recognition - Contract Balances Subject to ASC 606 (Details) - USD ($)	May 31, 2020	Dec. 01, 2019	Nov. 30, 2019
Accounts receivable	$ 45,491	$ 58,853
Total Assets	45,491	58,853	$ 58,853
Contract liabilities - current	485,357	622,724
Contract liabilities - long-term	100,483	80,110
Total Contract Liabilities	$ 585,840	$ 702,834	$ 702,834

Note 3 - Revenue Recognition _2

Note 3 - Revenue Recognition - Changes in Contract Balances (Details)	6 Months Ended
	May 31, 2020USD ($)
Balance, accounts receivable	$ 58,853
Balance, contract liabilities	702,834
Revenue Recognized, accounts receivable	264,144
Revenue Recognized, contract liabilities	(433,024)
Amounts (collected) or invoiced, net, accounts receivable	(277,506)
Amounts (collected) or invoiced, net, contract liabilities	316,030
Balance, accounts receivable	45,491
Balance, contract liabilities	$ 585,840

Note 3 - Revenue Recognition _3

Note 3 - Revenue Recognition - Remaining Performance Obligations (Details)	May 31, 2020USD ($)
Revenue, remaining performance obligation, amount	$ 163,893

Note 3 - Revenue Recognition _4

Note 3 - Revenue Recognition - Remaining Performance Obligations 2 (Details)	May 31, 2020USD ($)
Revenue, remaining performance obligation, amount	$ 163,893
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-06-01
Revenue, remaining performance obligation, amount	$ 61,625	[1]
Revenue, remaining performance obligation, period (Year)	182 days	[1]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-12-01
Revenue, remaining performance obligation, amount	$ 44,753
Revenue, remaining performance obligation, period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-12-01
Revenue, remaining performance obligation, amount	$ 18,667
Revenue, remaining performance obligation, period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-12-01
Revenue, remaining performance obligation, amount	$ 13,995
Revenue, remaining performance obligation, period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-12-01
Revenue, remaining performance obligation, amount	$ 11,864
Revenue, remaining performance obligation, period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-12-01
Revenue, remaining performance obligation, amount	$ 12,989
Revenue, remaining performance obligation, period (Year)	1 year
[1]	represents the estimate for the remainder of 2020

Note 4 - Units Open and Under_3

Note 4 - Units Open and Under Development - Operating Units (Details)	May 31, 2020
Operating Units and Units with Franchise Agreements	81
Franchised Units [Member]
Operating Units and Units with Franchise Agreements	72
Licensed Units [Member]
Operating Units and Units with Franchise Agreements	7
Total Franchised Owned and Licensed Units [Member]
Operating Units and Units with Franchise Agreements	79
Unopened Store [Member]
Operating Units and Units with Franchise Agreements	2

Note 5 - Earnings Per Share - C

Note 5 - Earnings Per Share - Computation of Earnings Per Share (Details) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2020	May 31, 2019	May 31, 2020	May 31, 2019
Net (loss)/income available to common shareholders	$ (71,560)	$ 128,137	$ (28,366)	$ 224,997
Weighted average shares outstanding - Basic and diluted (in shares)	7,263,508	7,263,508	7,263,508	7,263,508
Net (Loss)/Income per share - Basic and Diluted (in dollars per share)	$ (0.01)	$ 0.02	$ 0	$ 0.03

Note 6 - Goodwill and Other I_2

Note 6 - Goodwill and Other Intangible Assets (Details Textual) $ in Thousands	6 Months Ended
	May 31, 2020USD ($)
Goodwill, Impairment Loss	$ 0

Note 7 - Lease Commitments (Det

Note 7 - Lease Commitments (Details Textual) - USD ($)	Oct. 01, 2018	May 31, 2020
Lessee, Operating Lease, Renewal Term (Year)	5 years
Lessee, Operating Lease, Rent Abatement and Tenant Allowance Period (Month)	180 days
Operating Lease, Expense	$ 21,300
Operating Lease, Weighted Average Remaining Lease Term (Month)		3 years 300 days
Lessee, Operating Lease, Discount Rate		5.25%

Note 7 - Lease Commitments - Gr

Note 7 - Lease Commitments - Gross Future Minimum Annual Rental Commitments (Details) - USD ($)	May 31, 2020	Nov. 30, 2019
2020	$ 55,409
2021	113,024
2022	115,673
2023	118,322
Thereafter	40,176
Total Undiscounted Rent Payments	442,604
Present Value Discount	(36,540)
Present Value	406,064
Short-term lease liability	95,615	$ 92,139
Long-term lease liability	310,449	$ 359,242
Total Operating Lease Liability	$ 406,064

Note 8 - Loan (Details Textual)

Note 8 - Loan (Details Textual) - USD ($)	May 01, 2020	May 31, 2020	May 31, 2019
Proceeds from Paycheck Protection Program Under CARES Act	$ 228,155	$ 228,155

Note 9 - Stockholder's Equity (

Note 9 - Stockholder's Equity (Details Textual) - $ / shares

Apr. 08, 2020

Mar. 04, 2020

Jan. 08, 2020

Dec. 05, 2019

Feb. 22, 2019

May 22, 2017

Aug. 18, 2015

May 06, 2013

May 31, 2020

May 31, 2019

May 31, 2020

May 31, 2019

Common Stock, Dividends, Per Share, Declared (in dollars per share)

$ 0.01

$ 0.01

$ 0.04

$ 0.04

Preferred Stock Dividends Number of Rights Declared (in shares)

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%

Right to Purchase Series A Preferred Stock [Member]

Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares)

0.001

Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)

$ 0.90

Class of Warrant or Right, Term (Year)

9 years

7 years

5 years

Quarterly Dividend [Member]

Common Stock, Dividends, Per Share, Declared (in dollars per share)

$ 0.01

$ 0.01

Common Stock, Dividends, Per Share, Cash Paid (in dollars per share)

$ 0.01

$ 0.01

Special Cash Distribution [Member]

Common Stock, Dividends, Per Share, Declared (in dollars per share)

$ 0.02

Common Stock, Dividends, Per Share, Cash Paid (in dollars per share)

$ 0.02

Note 10 - Subsequent Events (De

Note 10 - Subsequent Events (Details Textual)	3 Months Ended
	May 31, 2020
Marketing Fees, Percent	3.00%