CCA Industries (CAWW) 10-Q 16 Jul 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	May 31, 2018	Jul. 16, 2018
Entity Registrant Name	CCA INDUSTRIES INC
Entity Central Index Key	721,447
Current Fiscal Year End Date	--11-30
Entity Filer Category	Smaller Reporting Company
Document Type	10-Q
Document Period End Date	May 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Trading Symbol	CAW
Amendment Flag	false
Common stock
Entity Common Stock Outstanding (shares)		6,488,982
Common Class A
Entity Common Stock Outstanding (shares)		967,702

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	May 31, 2018	Nov. 30, 2017
Current assets:
Cash and cash equivalents	$ 90,534	$ 140,243
Accounts receivable, net of allowances of $1,010,722 and $540,361, respectively	2,859,056	2,585,517
Inventories, net	2,397,686	1,878,831
Prepaid expenses and sundry receivables	949,595	642,000
Prepaid and refundable income taxes	0	38,153
Total Current Assets	6,296,871	5,284,744
Property and equipment, net of accumulated depreciation	138,185	140,929
Intangible assets, net of accumulated amortization	436,805	432,320
Deferred financing fees, net of accumulated amortization	201,552	133,322
Deferred income taxes	6,453,093	9,502,319
Other	436,745	436,825
Total Assets	13,963,251	15,930,459
Current Liabilities:
Accounts payable and accrued liabilities	3,961,231	3,617,543
Income tax payable	3,534	0
Line of credit	271,637	2,016,355
Note payable - current portion	375,000
Total Current Liabilities	4,611,402	5,633,898
Long term accrued liabilities	244,864	220,509
Notes payable	1,031,250
Long term - other	168,859	168,859
Total Liabilities	6,056,375	6,023,266
Shareholders' Equity:
Preferred stock, $1.00 par, authorized 20,000,000 none issued	0	0
Additional paid-in capital	5,895,706	4,387,543
Retained earnings	1,936,603	5,449,583
Total Shareholders' Equity	7,906,876	9,907,193
Total Liabilities and Shareholders' Equity	13,963,251	15,930,459
Common stock, $.01 par, authorized 15,000,000 shares, issued and outstanding 6,488,982 and 6,038,982 shares, respectively
Shareholders' Equity:
Value of common stock issued	64,890	60,390
Class A common stock, $.01 par, authorized 5,000,000 shares, issued and outstanding 967,702 and 967,702 shares, respectively
Shareholders' Equity:
Value of common stock issued	$ 9,677	$ 9,677

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	May 31, 2018	Nov. 30, 2017
Allowance for doubtful accounts receivable	$ 1,010,722	$ 540,361
Preferred stock, par value (usd per share)	$ 1	$ 1
Preferred stock, shares authorized (shares)	20,000,000	20,000,000
Preferred stock, shares issued (shares)	0	0
Common stock
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (shares)	15,000,000	15,000,000
Common Stock, shares issued (shares)	6,488,982	6,038,982
Common stock, shares outstanding (shares)	6,488,982	6,038,982
Common Class A
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (shares)	5,000,000	5,000,000
Common Stock, shares issued (shares)	967,702	967,702
Common stock, shares outstanding (shares)	967,702	967,702

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2018	May 31, 2017	May 31, 2018	May 31, 2017
Revenues:
Sales of health and beauty aid products - net	$ 4,222,986	$ 6,111,836	$ 8,217,336	$ 10,376,913
Other income	2,254	4,074	6,328	8,147
Total Revenues	4,225,240	6,115,910	8,223,664	10,385,060
Costs and Expenses:
Cost of sales	1,859,301	2,345,980	3,508,264	4,053,834
Selling, general and administrative expenses	2,077,702	2,058,174	3,922,942	3,683,552
Advertising, cooperative and promotional expenses	505,745	461,149	855,488	943,364
Research and development	14,879	14,250	29,393	27,332
Bad debt (recovery) expense	12,622	(724)	16,713	(10,655)
Interest expense	61,652	123,077	304,715	274,238
Total Costs and Expenses	4,531,901	5,001,906	8,637,515	8,971,665
(Loss) Income before (benefit from) provision for income taxes	(306,661)	1,114,004	(413,851)	1,413,395
(Benefit from) Provision for income taxes	(14,341)	415,454	3,099,129	528,094
Net (Loss) Income	$ (292,320)	$ 698,550	$ (3,512,980)	$ 885,301
Basic
(Loss) Income (usd per share)	$ (0.04)	$ 0.10	$ (0.48)	$ 0.13
Diluted
(Loss) Income (usd per share)	$ (0.04)	$ 0.10	$ (0.48)	$ 0.13
Weighted Average Common Shares Outstanding
Basic (shares)	7,456,684	7,006,684	7,293,497	7,006,684
Diluted (shares)	7,456,684	7,024,428	7,293,497	7,006,684

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	May 31, 2018	May 31, 2017
Cash Flows from Operating Activities:
Net (Loss) Income	$ (3,512,980)	$ 885,301
Adjustments to reconcile net income to cash (used in) provided by operating activities:
Depreciation and amortization	27,454	45,758
Change in allowance for bad debts	16,713	(10,655)
Loss on write off of fixed assets	782	0
Deferred financing fees amortization	61,770	63,133
Stock-based compensation	86,163	78,471
Deferred income taxes	3,049,226	500,201
Change in Operating Assets & Liabilities:
(Increase) in accounts receivable	(290,252)	(1,263,032)
(Increase) Decrease in inventory	(518,855)	144,096
(Increase) in prepaid expenses and other receivables	(307,595)	(459,831)
Decrease in prepaid income and refundable income tax	38,153	6,877
Decrease in other assets	(80)	0
Increase (Decrease) in accounts payable and accrued liabilities	368,042	(456,161)
Increase (Decrease) in income tax payable	3,534	(20,000)
Net Cash (Used in) Operating Activities	(977,765)	(485,842)
Cash Flows from Investing Activities:
Acquisition of plant and equipment	(25,586)	(39,506)
Purchase of intangible assets	(4,390)	0
Net Cash (Used in) Investing Activities	(29,976)	(39,506)
Cash Flows from Financing Activities:
Payment on line of credit, net	(1,744,718)	0
Proceeds from notes payable, net	1,406,250	252,354
Proceeds from exercise of warrant	1,426,500	0
Payment of deferred financing fees	(130,000)	(1,813)
Net Cash Provided by Financing Activities	958,032	250,541
Net Decrease in Cash and Cash Equivalents	(49,709)	(274,807)
Cash and Cash Equivalents at Beginning of Period	140,243	309,280
Cash and Cash Equivalents at End of Period	90,534	34,473
Cash paid during the period for:
Interest	304,715	274,238
Income taxes	$ 5,075	$ 41,000

Basis of Presentation

Basis of Presentation	6 Months Ended
	May 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. Operating results for the three and six month periods ending May 31, 2018

Organization and Description of

Organization and Description of Business	6 Months Ended
	May 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	ORGANIZATION AND DESCRIPTION OF BUSINESS CCA Industries, Inc. (“CCA”) was incorporated in the State of Delaware on March 25, 1983. CCA manufactures and distributes health and beauty aid products. CCA has one

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	May 31, 2018
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation: The consolidated financial statements include the accounts of CCA and its wholly-owned subsidiaries (collectively the “Company”). All significant inter-company accounts and transactions have been eliminated. Estimates and Assumptions: The consolidated financial statements include the use of estimates, which management believes are reasonable. The process of preparing financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”), requires management to make estimates and assumptions regarding certain types of assets, liabilities, revenues, and expenses. Such estimates primarily relate to unsettled transactions and events as of the date of the financial statements. Accounting estimates and assumptions are those that management considers to be most critical to the financial statements because they inherently involve significant judgment and uncertainties. All of these estimates and assumptions reflect management’s best judgment about current economic and market conditions and their effects on the information available as of the date of the consolidated financial statements. Accordingly, upon settlement, actual results may differ from estimated amounts. Cash and Cash Equivalents: The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. Accounts Receivable: Accounts receivable consist of trade receivables recorded at original invoice amount, less an estimated allowance for uncollectible amounts. The accounts receivable balance is further reduced by allowance for cooperative advertising and reserves for returns which are anticipated to be taken as credits against the balances as of May 31, 2018 . The reserve for returns may include specific reserves based on individual customer circumstances. The allowances and reserves which are anticipated to be deducted from future invoices are included in accrued liabilities. Trade credit is generally extended on a short-term basis; thus trade receivables do not bear interest, although a finance charge may be applied to receivables that are past due. Trade receivables are periodically evaluated for collectability based on past credit history with customers and their current financial condition. Changes in the estimated collectability of trade receivables are recorded in the results of operations for the period in which the estimate is revised. Trade receivables that are deemed uncollectible are offset against the allowance for uncollectible accounts. The Company generally does not require collateral for trade receivables. Inventories: Inventories are stated at the lower of cost (weighted average) or net realizable value. Product returns deemed saleable are recorded in inventory when they are received at the lower of their original cost or net realizable value, as appropriate. Obsolete inventory is written off and its value is removed from inventory at the time its obsolescence is determined. Property and Equipment and Depreciation and Amortization: Property and equipment are stated at cost. The Company charges to expense repairs and maintenance items, while major improvements and betterments are capitalized. When the Company sells or otherwise disposes of property and equipment items, the cost and related accumulated depreciation are removed from the respective accounts and any gain or loss is included in earnings. Depreciation and amortization are provided utilizing the straight-line method over the following estimated useful lives or lease terms of the assets, whichever is shorter: Computer equipment 5 -7 Years Furniture and fixtures 3-10 Years Tools, dies and masters 3 Years Leasehold improvements Remaining life of the lease (2 years, 7 months) Intangible Assets: Intangible assets, which consist of patents and trademarks, are stated at cost. Patents are amortized on the straight-line method over a period of 17 years. Patents are reviewed for impairment when events or changes in business indicate that the carrying amount may not be recoverable. Trademarks are indefinite lived intangible assets and are reviewed for impairment annually or more frequently if impairment conditions occur. Long-Lived Assets: Long-lived assets are assets in which the Company has an economic benefit for longer than twelve months from the date of the financial statements. Long-lived assets include property and equipment, intangible assets, deferred financing fees, deferred income taxes and other assets. The Company evaluates impairment losses on long-lived assets used in operations when events and circumstances indicate that the asset might be impaired. If the review indicates that the carrying value of an asset will not be recoverable, based on a comparison of the carrying value of the asset to the undiscounted future cash flows, the impairment will be measured by comparing the carrying value of the asset to its fair value. Fair value will be determined based on discounted cash flows or appraisals. Impairments are recorded in the statement of operations as part of selling, general and administrative expenses. Revenue Recognition: (See also Cooperative Advertising) The Company recognizes sales in accordance with ASC Topic 605 “Revenue Recognition”. Revenue is recognized upon shipment of merchandise. Net sales comprise gross revenues less expected returns, trade discounts, customer allowances and various sales incentives. Included in sales incentives are coupons that the Company issues that are redeemed by its customers. Redemptions are handled by a coupon national clearing house. The Company also has estimated that there is an approximate six week lag in coupon redemptions, with the estimated cost recorded as an accrued liability. Although no legal right of return exists between the customer and the Company, returns, including return of unsold products, are accepted if it is in the best interests of the Company's relationship with the customer. The Company, therefore, records a reserve for returns based on the historical returns as a percentage of sales in the three preceding months and specific reserve based on customer circumstances and product circumstances. Those returns which are anticipated to be taken as credits against the balances as of May 31, 2018 are offset against the accounts receivable. The reserves which are anticipated to be deducted from future invoices are included in accrued liabilities. Changes in the estimated coupon reserve and sales return reserve are recorded to Sales of health and beauty aid products - net, in the Consolidated Statement of Operations. Cooperative Advertising: Cooperative advertising is accrued based on a combination of new contracts given to the customers in the current fiscal year, along with liabilities open from prior years. Specific new contracts in the current fiscal year are identified as sales incentives (see sales incentives) and those contracts reduce revenues for the current period. The balances for all years open are reduced throughout the year by either the customer advertising and submitting the proof according to the contract or by customer post audit adjustments that finalize any amount due. Any item open more than three years is closed unless management believes that a deduction may still be taken by the customer. The portion of cooperative advertising recorded as sales incentives was reduced by $133,762 and $267,595 , respectively, in the three and six months ended May 31, 2018 to reduce open cooperative advertising contracts for 2015 for events that have been finalized. There were reductions of $204,598 and $409,196 , respectively, for open cooperative advertising contracts that were finalized during the three and six months ended May 31, 2017 . The balance of the remaining open cooperative advertising is allocated between accrued liabilities and the allowance for cooperative advertising based on the customer's open accounts receivable balance. Sales Incentives: The Company has accounted for certain sales incentives offered to customers by charging them directly to sales as opposed to advertising and promotional expense. These accounting adjustments do not affect net income. Shipping Costs: The Company’s policy for financial reporting is to charge shipping costs as part of selling, general and administrative expenses as incurred. Shipping costs included for the three months ended May 31, 2018 and May 31, 2017 were $205,235 and $96,778 , respectively. Shipping costs included for the six months ended May 31, 2018 and May 31, 2017 were $303,385 and $178,245 , respectively. Advertising Costs: The Company’s policy for financial reporting is to charge advertising cost to expense as incurred. Advertising, cooperative and promotional expenses for the three months ended May 31, 2018 and May 31, 2017 were $505,745 and $461,149 , respectively. Advertising, cooperative and promotional expenses for the six months ended May 31, 2018 and May 31, 2017 were $855,488 and $943,364 , respectively. Research and Development Costs : The Company's policy for financial reporting is to charge research and development costs to expense as incurred. Research and development costs for the three months ended May 31, 2018 and May 31, 2017 were $14,879 and $14,250 , respectively. Research and development costs for the six months ended May 31, 2018 and May 31, 2017 were $29,393 and $27,332 , respectively. Income Taxes: Income taxes are accounted for under ASC Topic 740 “Income Taxes”, which utilizes the asset and liability method. Deferred tax assets and liabilities are recognized for future tax consequences attributable to the temporary differences between the carrying amounts of assets and liabilities as recorded on the Company’s financial statements and the carrying amounts as reflected on the Company’s income tax return. In addition, the portion of charitable contributions that cannot be deducted in the current period and are carried forward to future periods are also reflected in the deferred tax assets. A substantial portion of the deferred tax asset is due to the losses incurred in fiscal 2015 and prior years, the benefit of which will be carried forward into future tax years. Deferred tax assets and liabilities are valued using the tax rates expected to apply in the years in which those temporary differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion, or all of the deferred tax asset will not be realized. Management has estimated that it will utilize the entire deferred tax asset in future years based on anticipated future profitability. However, anticipated future profitability may be impacted if the Company’s sales decrease from current levels or due to other factors discussed under Item 1A - Risk Factors in our Fiscal 2017 Annual Report on Form 10-K filed with the Securities and Exchange Commission as supplemented in this Form 10-Q. Beginning in the first quarter of fiscal 2018, in accordance with ASU 2015-17, all deferred tax assets and liabilities have been recorded as long-term. Previously, the portion that management expected to utilize in the twelve months following the end of the period was recorded as a short-term asset, and the portion that management expected to utilize in periods beyond the twelve months was recorded as a long-term asset. The Company reclassified $2,079,988 that was originally recorded as a current asset as of November 30, 2017 to non-current in conformity with the requirement to report the changes required by ASU 2015-17 on a retrospective basis. The Company previously adopted the provisions of ASC Subtopic 740-10-25, “Uncertain Tax Positions.” Management believes that there were no unrecognized tax benefits, or tax positions that would result in uncertainty regarding the deductions taken, as of May 31, 2018 and November 30, 2017 . ASC Subtopic 740-10-25 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. (Loss) Earnings Per Common Share: Basic earnings per share are calculated in accordance with ASC Topic 260, “Earnings Per Share”, which requires using the average number of shares of common stock outstanding during the year. Diluted earnings per share is computed on the basis of the average number of common shares outstanding plus the dilutive effect of any common stock equivalents using the “treasury stock method”. Common stock equivalents consist of stock options and warrants. Stock Options: ASC Topic 718, “Stock Compensation,” requires stock grants to employees to be recognized in the consolidated statement of operations based on their fair values. The Company issued stock options in fiscal 2018 and 2017; see Note 12 for details. Recent Accounting Pronouncements: In June 2018, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2018-07, Compensation - Stock Compensation, which updated Topic 718 to include share based compensation issued to non-employees. The Company previously issued non-qualified stock option awards to its directors. The updated standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company does not believe that the implementation of ASU No. 2018-07 will have a material effect on its results of operations and financial condition. In February 2016, the FASB issued ASU No. 2016-02, Leases. The new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. While we are still evaluating the impact of our pending adoption of the new standard on our consolidated financial statements, we expect that upon adoption we will recognize ROU assets and lease liabilities and that the amounts could be material. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers”. This new standard will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The underlying principle of this new standard is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. Entities may adopt this new standard either retrospectively for all periods presented in the financial statements (i.e., the full retrospective method) or as a cumulative-effect adjustment as of the date of adoption (i.e., the modified retrospective method), without applying to comparative years’ financial statements. In August 2015, the FASB issued ASU No. 2015-14, “Revenue from Contracts with Customers: Deferral of the Effective Date,” which changed the effective date for implementation to annual reporting periods, including interim reporting periods within those periods, beginning after December 15, 2017. Early adoption is permitted as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within those annual periods. The Company does not plan to adopt ASU 2014-09 until its 2019 fiscal year which begins on December 1, 2018. The Company is currently in the process of evaluating the impact that ASU No. 2014-09 will have on the Company’s results of operations, financial condition and financial statement disclosures and will provide further updates in future periods.

Inventories

Inventories	6 Months Ended
	May 31, 2018
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES The components of inventory consist of the following: May 31, November 30, Raw materials $ 215,734 $ 231,558 Finished goods 2,181,952 1,647,273 $ 2,397,686 $ 1,878,831

Property and Equipment

Property and Equipment	6 Months Ended
	May 31, 2018
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT The components of property and equipment consisted of the following: May 31, November 30, Furniture and equipment $ 184,216 $ 163,062 Tools, dies and masters 128,861 127,361 Capitalized lease obligations 15,286 15,286 Leasehold improvements 2,932 — $ 331,295 $ 305,709 Less: Accumulated depreciation 193,110 164,780 Property and Equipment—Net $ 138,185 $ 140,929 Depreciation expense for the three months ended May 31, 2018 and May 31, 2017 amounted to $ 13,778 and $ 23,718 , respectively. Depreciation expense for the six months ended May 31, 2018 and May 31, 2017 amounted to $27,260 and $45,564

Intangible Assets

Intangible Assets	6 Months Ended
	May 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	INTANGIBLE ASSETS Intangible assets consist of owned trademarks and patents for ten product lines. May 31, November 30, Patents and trademarks $ 583,327 $ 578,937 Less: Accumulated amortization 146,522 146,617 Intangible Assets - Net $ 436,805 $ 432,320 Patents are amortized on a straight-line basis over their legal life of 17 years. Trademarks have an indefinite life and are reviewed annually for impairment or more frequently if impairment indicators occur. Amortization expense for the three months ended May 31 Three Months Ended May 31,, 2018 and 2017 amounted to $ 97 and $ 97 , respectively. Amortization expense for the six months ended May 31, 2018 and May 31, 2017 amounted to $194 and $194 , respectively. Estimated amortization expenses for the years ending November 30, 2019, 2020, 2021, 2022 and 2023 are $388 , $243 , $243 , $243 and $0

Accrued Expenses

Accrued Expenses	6 Months Ended
	May 31, 2018
Payables and Accruals [Abstract]
ACCRUED EXPENSES	ACCRUED EXPENSES The following items which exceeded 5% of total current liabilities are included in accrued expenses as of: May 31, November 30, Co-operative advertising $ 996,940 $ 1,122,904 Accrued bonuses * $ — $ 400,166 * represents less than 5% as of total current liabilities The following items which exceeded 5% of total long-term liabilities are included in long-term accrued expenses as of: May 31, November 30, Sub-lease rent differential $ 244,864 $ 220,509

Debt Agreement

Debt Agreement	6 Months Ended
	May 31, 2018
Debt Disclosure [Abstract]
DEBT AGREEMENT	DEBT AGREEMENT On December 4, 2015 (the “Closing Date”), CCA Industries, Inc., a Delaware corporation (the “Company”), entered into the Credit and Security Agreement (the “Credit Agreement”) with SCM Specialty Finance Opportunities Funds, L.P., an affiliate of CNH Finance, L.P. The Credit Agreement provides for a line of credit up to a maximum of $5,500,000 (the “Revolving Loan”). The proceeds of the Revolving Loans were used to pay off the Company's existing debt with Capital Preservation Solutions, LLC and for general working capital purposes. Pursuant to the Credit Agreement, all outstanding amounts under the Revolving Loan bore interest at the 30 day LIBOR rate plus 6% per annum, payable monthly in arrears. The Company was also required to pay a monthly unused line fee and collateral management fee. The commitment under the Credit Agreement would have expired three years after the Closing Date. The Revolving Loan and all other amounts due and owing under the Credit Agreement and related documents were secured by a first priority perfected security interest in, and lien on, substantially all of the assets of the Company. Amounts available for borrowing under the Line of Credit equaled the lesser of the Borrowing Base (as defined below), and $5,500,000 , in each case, as the same is reduced by the aggregate principal amount outstanding under the Line of Credit. “Borrowing Base” under the Loan Agreement means, generally, the amount equal to (i) 85% of the Company’s eligible accounts receivable, plus (ii) 65% of the value of eligible inventory, less (iii) certain reserves. The Credit Agreement contained customary representations, warranties and covenants on the part of the Company, including a financial covenant requiring the Company to maintain a fixed charge coverage ratio of no less than 1.0 to 1.0. The Credit Agreement imposed an early termination fee and also provides for events of default, including failure to repay principal and interest when due and failure to perform or violation of the provisions or covenants of the agreement. The Company repaid the Revolving Loan in full on February 5, 2018 and terminated the Credit Agreement. The Company paid an early termination charge of $55,000 as provided by the Credit Agreement. On February 5, 2018 the Company entered into the Revolving Credit, Term Loan and Security Agreement (the “2018 Credit Agreement”) with PNC Bank, National Association ("PNC"). The 2018 Credit Agreement provides for a term loan in an amount of $1,500,000 (the “Term Loan”) and a revolving line of credit up to a maximum of $4,500,000 (the “2018 Revolving Loan” and together with the Term Loan, the “Loans”). The proceeds of the Loans were used to pay off the Company's existing debt with CNH Finance Fund I, L.P., formerly known as SCM Specialty Finance Opportunities Fund, L.P. (“CNH”), and for general working capital purposes. The Term Loan is payable in consecutive monthly installments of $31,250 commencing March 1, 2018 and bears interest, at the election of the Company, at either the PNC base rate plus 1% or 30, 60 or 90 day LIBOR rate plus 3.50% . All outstanding amounts under the 2018 Revolving Loan bear interest, at the election of the Company, at either the PNC base rate plus 0.25% or 30, 60 or 90 day LIBOR rate plus 2.75% , payable monthly in arrears. The Company is also required to pay a quarterly unused line fee and collateral management fee. The commitment under the 2018 Credit Agreement expires three years after the Closing Date. The Loans and all other amounts due and owing under the 2018 Credit Agreement and related documents are secured by a first priority perfected security interest in, and lien on, substantially all of the assets of the Company. Amounts available for borrowing under the Revolving Loan equal the lesser of the Borrowing Base (as defined below), and $4,500,000 , in each case, as the same is reduced by the aggregate principal amount outstanding under the 2018 Revolving Loan. “Borrowing Base” under the Credit Agreement means, generally, the amount equal to (i) 85% of the Company’s eligible accounts receivable, plus (ii) 65% of the value of eligible inventory, less (iii) certain reserves. The 2018 Credit Agreement contains customary representations, warranties and covenants on the part of the Company, including a financial covenant requiring the Company to maintain a fixed charge coverage ratio of no less than 1.10 to 1.0. Due to the Company's loss in the second quarter of fiscal 2018, the fixed charge coverage ration was less than the amount provided for in the covenant. PNC has waived the fixed charge ratio covenant for the second quarter of fiscal 2018. The 2018 Credit Agreement also provides for events of default, including failure to repay principal and interest when due and failure to perform or violation of the provisions or covenants of the agreement, as a result of which amounts due under the 2018 Credit Agreement may be accelerated. On the Closing Date, the Company borrowed the entire $1,500,000

Other Income

Other Income	6 Months Ended
	May 31, 2018
Other Income and Expenses [Abstract]
OTHER INCOME	OTHER INCOME Other income consists of the following: Three Months Ended May 31, Six Months Ended May 31, 2018 2017 2018 2017 Royalty income $ 2,254 $ 3,000 $ 6,000 $ 6,000 Miscellaneous — 1,074 328 2,147 Total Other Income $ 2,254 $ 4,074 $ 6,328 $ 8,147

401(K) Plan

401(K) Plan	6 Months Ended
	May 31, 2018
Retirement Benefits [Abstract]
401(K) PLAN	401(K) PLAN The Company has a 401(K) Profit Sharing Plan for its employees. The plan requires six months of service in order to be eligible to participate. Employees must be 21 years or older to participate. Employees may make salary reduction contributions up to 25% of compensation not to exceed the federal government limits. The Plan allows for the Company to make discretionary contributions to match employee contributions up to 3% of compensation. The Company's matching contributions vest immediately at 100% with the employee. The Company made the following matching contributions: Three Months Ended Six Months Ended May 31, 2018 May 31, 2017 May 31, 2018 May 31, 2017 Company Contributions $ 6,392 $ 6,130 $ 26,591 $ 7,642

Income Taxes

Income Taxes	6 Months Ended
	May 31, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES CCA and its subsidiaries file a consolidated federal income tax return. The Company previously adopted the provisions of ASC Subtopic 740-10-25, “Uncertain Tax Positions”. Management believes that there were no unrecognized tax benefits, or tax positions that would result in uncertainty regarding the deductions taken, as of May 31, 2018 and May 31, 2017 . ASC Subtopic 740-10-25 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. As a result of the enactment by the United States Government of public law 115-97, an Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018 (formerly known as the Tax Cut and Jobs Act of 2017), federal corporate tax rates for periods beginning after January 1, 2018 have been reduced to 21%. The Company's federal rate was previously 34%. The Company values its deferred tax assets and liabilities using the tax rates expected to apply in the years in which those temporary differences are expected to be recovered or settled. The Company, prior to the enactment of public law 115-97, had valued its deferred tax assets and liabilities at a combined federal and state tax rate of 36.45% . Due to the corporate tax rate change, the Company determined that its deferred tax assets and liabilities should be valued based on an estimated future tax rate of 24.13% , effective in the first quarter of fiscal 2018. The SEC issued Staff Accounting Bulletin ("SAB") 118, which provides guidance on accounting for the tax effects of public law 115-97. SAB 118 provides a measurement period that should not extend beyond one year from the enactment date for companies to complete the accounting under ASC 740. To the extent that a company’s accounting for certain income tax effects of public law 115-97 is incomplete but is able to determine a reasonable estimate, it must record a provisional estimate in the financial statements. The change in rate caused the Company to record an additional tax expense as part of the provision for income tax in the first quarter of fiscal 2018. In addition, ASU 2015-17 is effective with the first quarter of fiscal 2018 which requires that all deferred tax assets be classified as long-term. The Company as of November 30, 2017 had $2,079,988 of deferred tax assets that were recorded as a current asset. This amount has been retrospectively reclassified as a non-current asset as of November 30, 2017. The following chart shows the calculation of the previous tax rate and the new tax rate: Previous Rate New Rate Federal rate 34.00 % 21.00 % State rate, net of federal tax benefit 2.45 % 3.13 % Total 36.45 % 24.13 % A portion of the loss carry forward deferred tax asset was valued at a slightly higher blended rate of 25.19% , due to the tax law taking effect on January 1, 2018. The deferred compensation amount is from the issuance of stock options (see Note 12 - Stock-Based Compensation), and will be realized in future years if the options are exercised. At May 31, 2018 and November 30, 2017 , respectively, the Company had temporary differences arising from the following: May 31, 2018 November 30, 2017 Type Amount Deferred Tax Amount Deferred Tax Depreciation $ (417,190 ) $ (100,661 ) $ (378,580 ) $ (137,992 ) Reserve for bad debts 23,342 5,632 6,629 2,416 Reserve for returns 738,309 178,142 246,513 89,854 Accrued returns 162,646 39,244 109,646 39,966 Reserve for obsolete inventory 150,102 36,217 158,269 57,689 Vacation accrual 32,719 7,895 70,856 25,827 Alternative minimum tax carry forward — 122,360 — 122,360 Deferred Compensation 573,224 138,310 487,061 177,534 Bonus obligation unpaid — — 400,166 145,861 Charitable contributions 314,843 75,967 305,633 111,403 Section 263A costs 61,660 14,878 48,317 17,612 Loss carry forward 24,511,083 5,935,109 24,279,259 8,849,789 Net deferred tax asset $ 26,150,738 $ 6,453,093 $ 25,733,769 $ 9,502,319 Income tax expense (benefit) is made up of the following components: Three Months Ended Six Months Ended May 31, 2018 May 31, 2017 May 31, 2018 May 31, 2017 Current tax - Federal $ — $ 5,000 $ — $ 16,000 Current tax - State & Local 2,675 2,938 5,349 5,877 Deferred tax (17,016 ) 407,516 3,093,780 506,217 Total Income Tax Expense $ (14,341 ) $ 415,454 $ 3,099,129 $ 528,094 Prepaid and refundable income taxes are made up of the following components: Prepaid and refundable income taxes Federal State & Total November 30, 2017 $ 1,015 $ 37,138 $ 38,153 Income taxes payable are made up of the following components: Income Taxes Payable Federal State & Total May 31, 2018 $ — $ 3,534 $ 3,534 A reconciliation of the provision for income taxes computed at the statutory rate to the effective rate for the three months and six months ended May 31, 2018 , and May 31, 2017 is as follows: Three Months Ended Three Months Ended May 31, 2018 May 31, 2017 Amount Percent of Pretax Income Amount Percent of Pretax Income Provision for income taxes at federal statutory rate $ (64,399 ) 21.00 % $ 378,761 34.00 % Changes in provision for income taxes resulting from: State income taxes, net of federal income tax benefit (9,598 ) 3.13 % 32,306 2.90 % Non-deductible expenses and other adjustments 59,656 (19.45 )% 4,387 0.39 % Provision for income taxes at effective rate $ (14,341 ) 4.68 % $ 415,454 37.29 % Six Months Ended Six Months Ended May 31, 2018 May 31, 2017 Amount Percent of Pretax Income Amount Percent of Pretax Income Provision for (benefit from) income taxes at federal statutory rate $ (86,909 ) 21.00 % $ 480,554 34.00 % Increases in taxes resulting from: State income taxes, net of federal income tax benefit (12,954 ) 3.13 % 40,988 2.90 % Change in tax rate related to future deferred tax benefits 3,150,147 (761.18 )% — — % Non-deductible expenses and other adjustments 48,845 (11.80 )% 6,552 0.46 % Provision for (benefit from) income taxes at effective rate $ 3,099,129 (748.85 )% $ 528,094 37.36 %

Stock-based Compensation

Stock-based Compensation	6 Months Ended
	May 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION On June 15, 2005, the shareholders approved an amended and Restated Stock Option Plan amending the 2003 Stock Option Plan (the “2005 Plan”). The 2005 Plan authorizes the issuance of up to one million shares of common stock (subject to customary adjustments set forth in the plan) pursuant to equity awards, which may take the form of incentive stock options, nonqualified stock options restricted shares, stock appreciation rights and/or performance shares. The 2005 Plan expired in April, 2015, but awards made under the 2005 Plan prior to its expiration will remain in effect until such awards have been satisfied or terminated in accordance with the terms and provisions of the 2005 Plan. On August 13, 2015, the shareholders approved the 2015 CCA Industries, Inc. Incentive Plan (the "2015 Plan"). The 2015 Plan authorized the issuance of up to 700,000 shares of common stock (subject to customary adjustments set forth in the plan) pursuant to equity awards, which may take the form of incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, performance shares and cash awards. On June 7, 2017, the shareholders approved the 2015 CCA Industries, Inc. Incentive Plan as Amended. The sole purpose of the amendment was to increase the shares available for issuance under the 2015 Plan from 700,000 to 1,400,000 . T he Company adheres to the provisions of ASC Topic 718, "Stock Compensation," which requires an entity to recognize the grant-date fair value of stock options and other equity-based compensation issued to employees in the financial statements. The Company recorded a charge against earnings in the amount of $53,685 and $51,079 , respectively, for the three months ended May 31, 2018 and May 31, 2017 and $86,163 and $78,471 , respectively, for the six months ended May 31, 2018 and May 31, 2017 for all outstanding stock options granted. On January 4, 2018, the Company granted incentive stock options for 7,500 shares to an employee of the Company at $3.15 per share, which was the closing price of the Company's stock on that day. The options vest in equal 20% increments beginning one year after the date of grant, and for each of the four subsequent anniversaries of such date. The options expire on January 3, 2028. The Company had estimated the fair value of the options granted to be $11,692 as of the grant date. The fair value of the stock option granted was estimated on the date of the grant using a Black-Scholes valuation model and the assumptions in the following table: Assumptions: Option Grant Date Risk-free Interest Rate Dividend Yield Stock Volatility Option Term (years) January 4, 2018 1.82 % — % 37.63 % 10 As of May 31, 2018 , there were 355,800 stock options outstanding that were exercisable. The total compensation cost of non-vested stock option awards that has not yet been recognized was $488,019 as of May 31, 2018 . The weighted average period over which the unrecognized compensation is expected to be recognized is 42 months. Number of Options Weighted-Average Exercise Price Weighted-Average Remaining Term (years) Aggregate Intrinsic Value Outstanding at November 30, 2016 564,000 $ 3.25 5.8 — Granted 307,500 $ 3.30 Exercised — Canceled or Forfeited — Outstanding at November 30, 2017 871,500 $ 3.27 6.0 — Granted 7,500 $ 3.15 Exercised — Canceled or Forfeited 82,500 $ 3.35 Outstanding at February 28, 2018 796,500 $ 3.26 6.0 — Granted — Exercised — Canceled or Forfeited — Outstanding at May 31, 2018 796,500 $ 3.26 5.8 —

(Loss) Income Per Share

(Loss) Income Per Share	6 Months Ended
	May 31, 2018
Earnings Per Share [Abstract]
(LOSS) INCOME PER SHARE	(LOSS) INCOME PER SHARE Basic earnings per share is calculated using the average number of common shares outstanding. Diluted income per share is computed on the basis of the average number of common shares outstanding plus the effect of outstanding stock options and warrants using the “treasury stock method”. Three Months Ended Six Months Ended May 31, 2018 May 31, 2017 May 31, 2018 May 31, 2017 Net (loss) income available for common shareholders $ (292,320 ) $ 698,550 $ (3,512,980 ) $ 885,301 Weighted average common shares outstanding-Basic 7,456,684 7,006,684 7,293,497 7,006,684 Net effect of dilutive stock options and warrants — 17,744 — — Weighted average common shares and common shares equivalents—Diluted 7,456,684 7,024,428 7,293,497 7,006,684 Earnings per Share: Basic (Loss) Earnings per Share $ (0.04 ) $ 0.10 $ (0.48 ) $ 0.13 Diluted (Loss) Earnings per Share $ (0.04 ) $ 0.10 $ (0.48 ) $ 0.13 For the three months ended May 31, 2018 and May 31, 2017 , there were 2,239,244 and 564,000 shares, respectively, underlying previously issued stock options and warrants that were excluded from diluted loss per share because the effects of such shares were anti-dilutive. For the six months ended May 31, 2018 and May 31, 2017 , there were 2,239,244 and 2,456,744

Certain Relationships and Relat

Certain Relationships and Related Transactions	6 Months Ended
	May 31, 2018
Related Party Transactions [Abstract]
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS	CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS On September 5, 2014, the Company entered into a Loan and Security Agreement (the “Agreement”) with Capital Preservation Solutions, LLC (“Capital”) for a $5,000,000 working capital line of credit and a term loan for working capital purposes not to exceed $1,000,000 . Capital Preservation Solutions, LLC is owned by Lance Funston, the Company's Chairman of the Board and Chief Executive Officer, and is also the managing partner of Capital Preservations Holdings, LLC which owns common stock and all of the Company's Class A common stock. Contemporaneously with the signing of the Agreement, the Company issued a Warrant to Purchase Common Stock (the “Warrant”) to Capital whereby Capital may acquire upon exercise of the Warrant 1,892,744 shares of the Company’s Common Stock. The Warrant may be exercised in whole or in part at any time during the exercise period which is five years from the date of the Warrant. The Warrant bears a purchase price of $3.17 per share, subject to adjustments. The working capital line of credit and term loan principal balances were repaid on December 4, 2015 (see Note 8 - Debt Agreement for further information). On February 5, 2018, Capital Preservation Solutions, LLC exercised 450,000 of the warrants for proceeds of $1,426,500 . The remaining balance of 1,442,744 shares underlying the Warrant remain outstanding. The Company signed an agreement in December 2014 with Funston Media Management Services, Inc. ("FMM"), which is owned by Lance Funston, who is the Company's Chairman of the Board and Chief Executive Officer. The agreement provided for FMM to provide consumer advertising purchasing services and brand management for the Company. The agreement ended on November 19, 2015. The Company signed a new agreement in December 2015 with FMM. The agreement provided for FMM to provide consumer advertising purchasing services and brand management for a fee equal to 10.0% of the advertising costs with no minimum fee or monthly management fee. The agreement automatically renews unless canceled by the Company or FMM. The Company incurred costs of $35,942 and $34,274 , respectively, for the three months ended May 31, 2018 and May 31, 2017 for fees to FMM. The Company incurred costs of $56,481 and $65,177 , respectively, for the six months ended May 31, 2018 and May 31, 2017 . As of May 31, 2018 , there were unpaid fees of $18,476 due to FMM. On March 23, 2017, the Company entered into a License Agreement (the “Agreement”) with Ultimark Products, Inc. (“Ultimark”) for the exclusive right to manufacture, market and sell the Porcelana brand of skin care products. The Company’s Chairman of the Board and Chief Executive Officer, Lance Funston, is also the Chairman of the Board and Chief Executive Officer of Ultimark. Porcelana is designed to reduce dark spots and brighten the skin. Under the Agreement, the Company acquired the exclusive right and license to use the Porcelana brand, formulas, packaging designs and trademarks (collectively, the “Porcelana Brand”) in connection with the design, development, manufacture, advertising, marketing, promotion, offering, sale and distribution of Porcelana products worldwide. In addition, the Company shall purchase all good and saleable inventory of Porcelana products in Ultimark’s possession or control as of April 1, 2017 at Ultimark’s cost, without markup. The Agreement has a term of one year, effective April 1, 2017 and ending March 31, 2018. The Agreement may be renewed, at the Company’s option, for up to two additional one-year terms. The Company renewed the Agreement for an additional one-year term. The Agreement requires the Company to pay Ultimark a royalty of 10% on the gross sales of Porcelana products manufactured and sold under the Agreement. Royalties are payable quarterly, commencing the first fiscal quarter in which Porcelana products are sold pursuant to the Agreement. There is no minimum royalty for any period under the Agreement. In addition, the Company has the option to purchase the Porcelana Brand from Ultimark during the term of the Agreement for an amount not to exceed $3.2 million , subject to a fairness opinion. In the event of such purchase, the Agreement shall thereafter terminate and no further royalties or compensation will be due thereunder. The Company incurred an expense of $59,105 and $35,246 , respectively, for the three months ended May 31, 2018 and May 31, 2017 for royalties under the Agreement. The Company incurred an expense of $91,912 and $35,246 , respectively, for the six months ended May 31, 2018 and May 31, 2017 . In June 2017, the Company rented office space at 193 Conshohocken State Road, Penn Valley, Pennsylvania. The Company paid a monthly rental of $1,000 per month during fiscal 2017 commencing June 2017. The rent was increased to $2,500 per month beginning December 1, 2017, and was increased further to $6,000

Subsequent Events

Subsequent Events	6 Months Ended
	May 31, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On June 20, 2018, the Company granted incentive stock options to fourteen employees. The awards were for an aggregate of 270,000 option shares with an exercise price of $2.85 per share, the closing market price as of that day. The options vest in equal 20% increments commencing one year after the date of grant, and for each of the four subsequent anniversaries of such date. The options expire on June 19, 2028. On June 20, 2018, the Board of Directors approved the following director compensation: $20,000 per annum for non-executive directors, to be paid quarterly and in arrears, $1,000 for each meeting attended in person and $500 for each meeting attended by telephone. The Board of Directors also approved an annual fee of $75,000 each, to be paid quarterly and in arrears, for the Vice Chairman of the Board and the Chairman of the Audit

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	May 31, 2018
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation:The consolidated financial statements include the accounts of CCA and its wholly-owned subsidiaries (collectively the “Company”). All significant inter-company accounts and transactions have been eliminated.
Estimates and Assumptions	Estimates and Assumptions:The consolidated financial statements include the use of estimates, which management believes are reasonable. The process of preparing financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”), requires management to make estimates and assumptions regarding certain types of assets, liabilities, revenues, and expenses. Such estimates primarily relate to unsettled transactions and events as of the date of the financial statements. Accounting estimates and assumptions are those that management considers to be most critical to the financial statements because they inherently involve significant judgment and uncertainties. All of these estimates and assumptions reflect management’s best judgment about current economic and market conditions and their effects on the information available as of the date of the consolidated financial statements. Accordingly, upon settlement, actual results may differ from estimated amounts.
Cash and Cash Equivalents	Cash and Cash Equivalents:The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents.
Accounts Receivable	Accounts Receivable: Accounts receivable consist of trade receivables recorded at original invoice amount, less an estimated allowance for uncollectible amounts. The accounts receivable balance is further reduced by allowance for cooperative advertising and reserves for returns which are anticipated to be taken as credits against the balances as of May 31, 2018 . The reserve for returns may include specific reserves based on individual customer circumstances. The allowances and reserves which are anticipated to be deducted from future invoices are included in accrued liabilities. Trade credit is generally extended on a short-term basis; thus trade receivables do not bear interest, although a finance charge may be applied to receivables that are past due. Trade receivables are periodically evaluated for collectability based on past credit history with customers and their current financial condition. Changes in the estimated collectability of trade receivables are recorded in the results of operations for the period in which the estimate is revised. Trade
Inventories	Inventories:
Property and Equipment and Depreciation and Amortization	Property and Equipment and Depreciation and Amortization: Property and equipment are stated at cost. The Company charges to expense repairs and maintenance items, while major improvements and betterments are capitalized. When the Company sells or otherwise disposes of property and equipment items, the cost and related accumulated depreciation are removed from the respective accounts and any gain or loss is included in earnings. Depreciation and amortization are provided utilizing the straight-line method over the following estimated useful lives or lease terms of the assets, whichever is shorter: Computer equipment 5 -7 Years Furniture and fixtures 3-10 Years Tools, dies and masters 3 Years Leasehold improvements Remaining life of the lease (2 years, 7 months)
Intangible Assets	Intangible Assets: Intangible assets, which consist of patents and trademarks, are stated at cost. Patents are amortized on the straight-line method over a period of 17
Long-Lived Assets	Long-Lived Assets:Long-lived assets are assets in which the Company has an economic benefit for longer than twelve months from the date of the financial statements. Long-lived assets include property and equipment, intangible assets, deferred financing fees, deferred income taxes and other assets. The Company evaluates impairment losses on long-lived assets used in operations when events and circumstances indicate that the asset might be impaired. If the review indicates that the carrying value of an asset will not be recoverable, based on a comparison of the carrying value of the asset to the undiscounted future cash flows, the impairment will be measured by comparing the carrying value of the asset to its fair value. Fair value will be determined based on discounted cash flows or appraisals. Impairments are recorded in the statement of operations as part of selling, general and administrative expenses.
Revenue Recognition and Cooperative Advertising	Revenue Recognition: (See also Cooperative Advertising) The Company recognizes sales in accordance with ASC Topic 605 “Revenue Recognition”. Revenue is recognized upon shipment of merchandise. Net sales comprise gross revenues less expected returns, trade discounts, customer allowances and various sales incentives. Included in sales incentives are coupons that the Company issues that are redeemed by its customers. Redemptions are handled by a coupon national clearing house. The Company also has estimated that there is an approximate six week lag in coupon redemptions, with the estimated cost recorded as an accrued liability. Although no legal right of return exists between the customer and the Company, returns, including return of unsold products, are accepted if it is in the best interests of the Company's relationship with the customer. The Company, therefore, records a reserve for returns based on the historical returns as a percentage of sales in the three preceding months and specific reserve based on customer circumstances and product circumstances. Those returns which are anticipated to be taken as credits against the balances as of May 31, 2018 are offset against the accounts receivable. The reserves which are anticipated to be deducted from future invoices are included in accrued liabilities. Changes in the estimated coupon reserve and sales return reserve are recorded to Sales of health and beauty aid products - net, in the Consolidated Statement of Operations. Cooperative Advertising: Cooperative advertising is accrued based on a combination of new contracts given to the customers in the current fiscal year, along with liabilities open from prior years. Specific new contracts in the current fiscal year are identified as sales incentives (see sales incentives) and those contracts reduce revenues for the current period. The balances for all years open are reduced throughout the year by either the customer advertising and submitting the proof according to the contract or by customer post audit adjustments that finalize any amount due. Any item open more than three years is closed unless management believes that a deduction may still be taken by the customer. The portion of cooperative advertising recorded as sales incentives was reduced by $133,762 and $267,595 , respectively, in the three and six months ended May 31, 2018 to reduce open cooperative advertising contracts for 2015 for events that have been finalized. There were reductions of $204,598 and $409,196 , respectively, for open cooperative advertising contracts that were finalized during the three and six months ended May 31, 2017
Sales Incentives	Sales Incentives:The Company has accounted for certain sales incentives offered to customers by charging them directly to sales as opposed to advertising and promotional expense. These accounting adjustments do not affect net income.
Shipping Costs	Shipping Costs:
Advertising Costs	Advertising Costs:The Company’s policy for financial reporting is to charge advertising cost to expense as incurred.
Research and Development Costs	Research and Development Costs :
Income Taxes	Income Taxes: Income taxes are accounted for under ASC Topic 740 “Income Taxes”, which utilizes the asset and liability method. Deferred tax assets and liabilities are recognized for future tax consequences attributable to the temporary differences between the carrying amounts of assets and liabilities as recorded on the Company’s financial statements and the carrying amounts as reflected on the Company’s income tax return. In addition, the portion of charitable contributions that cannot be deducted in the current period and are carried forward to future periods are also reflected in the deferred tax assets. A substantial portion of the deferred tax asset is due to the losses incurred in fiscal 2015 and prior years, the benefit of which will be carried forward into future tax years. Deferred tax assets and liabilities are valued using the tax rates expected to apply in the years in which those temporary differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion, or all of the deferred tax asset will not be realized. Management has estimated that it will utilize the entire deferred tax asset in future years based on anticipated future profitability. However, anticipated future profitability may be impacted if the Company’s sales decrease from current levels or due to other factors discussed under Item 1A - Risk Factors in our Fiscal 2017 Annual Report on Form 10-K filed with the Securities and Exchange Commission as supplemented in this Form 10-Q. Beginning in the first quarter of fiscal 2018, in accordance with ASU 2015-17, all deferred tax assets and liabilities have been recorded as long-term. Previously, the portion that management expected to utilize in the twelve months following the end of the period was recorded as a short-term asset, and the portion that management expected to utilize in periods beyond the twelve months was recorded as a long-term asset. The Company reclassified $2,079,988 that was originally recorded as a current asset as of November 30, 2017 to non-current in conformity with the requirement to report the changes required by ASU 2015-17 on a retrospective basis. The Company previously adopted the provisions of ASC Subtopic 740-10-25, “Uncertain Tax Positions.” Management believes that there were no unrecognized tax benefits, or tax positions that would result in uncertainty regarding the deductions taken, as of May 31, 2018 and November 30, 2017 . ASC Subtopic 740-10-25 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities.
(Loss) Earnings Per Common Share	(Loss) Earnings Per Common Share:Basic earnings per share are calculated in accordance with ASC Topic 260, “Earnings Per Share”, which requires using the average number of shares of common stock outstanding during the year. Diluted earnings per share is computed on the basis of the average number of common shares outstanding plus the dilutive effect of any common stock equivalents using the “treasury stock method”. Common stock equivalents consist of stock options and warrants.
Stock Options	Stock Options:ASC Topic 718, “Stock Compensation,” requires stock grants to employees to be recognized in the consolidated statement of operations based on their fair values.
Recent Accounting Pronouncements	Recent Accounting Pronouncements: In June 2018, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2018-07, Compensation - Stock Compensation, which updated Topic 718 to include share based compensation issued to non-employees. The Company previously issued non-qualified stock option awards to its directors. The updated standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company does not believe that the implementation of ASU No. 2018-07 will have a material effect on its results of operations and financial condition. In February 2016, the FASB issued ASU No. 2016-02, Leases. The new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. While we are still evaluating the impact of our pending adoption of the new standard on our consolidated financial statements, we expect that upon adoption we will recognize ROU assets and lease liabilities and that the amounts could be material. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers”. This new standard will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The underlying principle of this new standard is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. Entities may adopt this new standard either retrospectively for all periods presented in the financial statements (i.e., the full retrospective method) or as a cumulative-effect adjustment as of the date of adoption (i.e., the modified retrospective method), without applying to comparative years’ financial statements. In August 2015, the FASB issued ASU No. 2015-14, “Revenue from Contracts with Customers: Deferral of the Effective Date,” which changed the effective date for implementation to annual reporting periods, including interim reporting periods within those periods, beginning after December 15, 2017. Early adoption is permitted as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within those annual periods. The Company does not plan to adopt ASU 2014-09 until its 2019 fiscal year which begins on December 1, 2018. The Company is currently in the process of evaluating the impact that ASU No. 2014-09 will have on the Company’s results of operations, financial condition and financial statement disclosures and will provide further updates in future periods.

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	May 31, 2018
Accounting Policies [Abstract]
Summary of estimated useful lives or lease terms of the assets	Depreciation and amortization are provided utilizing the straight-line method over the following estimated useful lives or lease terms of the assets, whichever is shorter: Computer equipment 5 -7 Years Furniture and fixtures 3-10 Years Tools, dies and masters 3 Years Leasehold improvements Remaining life of the lease (2 years, 7 months)

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	May 31, 2018
Inventory Disclosure [Abstract]
Schedule of components of inventory	The components of inventory consist of the following: May 31, November 30, Raw materials $ 215,734 $ 231,558 Finished goods 2,181,952 1,647,273 $ 2,397,686 $ 1,878,831

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	May 31, 2018
Property, Plant and Equipment [Abstract]
Schedule of components of property and equipment	The components of property and equipment consisted of the following: May 31, November 30, Furniture and equipment $ 184,216 $ 163,062 Tools, dies and masters 128,861 127,361 Capitalized lease obligations 15,286 15,286 Leasehold improvements 2,932 — $ 331,295 $ 305,709 Less: Accumulated depreciation 193,110 164,780 Property and Equipment—Net $ 138,185 $ 140,929

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	May 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	Intangible assets consist of owned trademarks and patents for ten product lines. May 31, November 30, Patents and trademarks $ 583,327 $ 578,937 Less: Accumulated amortization 146,522 146,617 Intangible Assets - Net $ 436,805 $ 432,320

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
	May 31, 2018
Payables and Accruals [Abstract]
Schedule of accrued liabilities	The following items which exceeded 5% of total current liabilities are included in accrued expenses as of: May 31, November 30, Co-operative advertising $ 996,940 $ 1,122,904 Accrued bonuses * $ — $ 400,166 * represents less than 5% as of total current liabilities The following items which exceeded 5% of total long-term liabilities are included in long-term accrued expenses as of: May 31, November 30, Sub-lease rent differential $ 244,864 $ 220,509

Other Income (Tables)

Other Income (Tables)	6 Months Ended
	May 31, 2018
Other Income and Expenses [Abstract]
Summary of other income	Other income consists of the following: Three Months Ended May 31, Six Months Ended May 31, 2018 2017 2018 2017 Royalty income $ 2,254 $ 3,000 $ 6,000 $ 6,000 Miscellaneous — 1,074 328 2,147 Total Other Income $ 2,254 $ 4,074 $ 6,328 $ 8,147

401(K) Plan (Tables)

401(K) Plan (Tables)	6 Months Ended
	May 31, 2018
Retirement Benefits [Abstract]
Schedule of company's matching contributions	The Company made the following matching contributions: Three Months Ended Six Months Ended May 31, 2018 May 31, 2017 May 31, 2018 May 31, 2017 Company Contributions $ 6,392 $ 6,130 $ 26,591 $ 7,642

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	May 31, 2018
Income Tax Disclosure [Abstract]
Schedule of effect of tax rate change	The following chart shows the calculation of the previous tax rate and the new tax rate: Previous Rate New Rate Federal rate 34.00 % 21.00 % State rate, net of federal tax benefit 2.45 % 3.13 % Total 36.45 % 24.13 %
Summary of temporary differences	At May 31, 2018 and November 30, 2017 , respectively, the Company had temporary differences arising from the following: May 31, 2018 November 30, 2017 Type Amount Deferred Tax Amount Deferred Tax Depreciation $ (417,190 ) $ (100,661 ) $ (378,580 ) $ (137,992 ) Reserve for bad debts 23,342 5,632 6,629 2,416 Reserve for returns 738,309 178,142 246,513 89,854 Accrued returns 162,646 39,244 109,646 39,966 Reserve for obsolete inventory 150,102 36,217 158,269 57,689 Vacation accrual 32,719 7,895 70,856 25,827 Alternative minimum tax carry forward — 122,360 — 122,360 Deferred Compensation 573,224 138,310 487,061 177,534 Bonus obligation unpaid — — 400,166 145,861 Charitable contributions 314,843 75,967 305,633 111,403 Section 263A costs 61,660 14,878 48,317 17,612 Loss carry forward 24,511,083 5,935,109 24,279,259 8,849,789 Net deferred tax asset $ 26,150,738 $ 6,453,093 $ 25,733,769 $ 9,502,319
Schedule of income tax expense	Income tax expense (benefit) is made up of the following components: Three Months Ended Six Months Ended May 31, 2018 May 31, 2017 May 31, 2018 May 31, 2017 Current tax - Federal $ — $ 5,000 $ — $ 16,000 Current tax - State & Local 2,675 2,938 5,349 5,877 Deferred tax (17,016 ) 407,516 3,093,780 506,217 Total Income Tax Expense $ (14,341 ) $ 415,454 $ 3,099,129 $ 528,094
Schedule of prepaid and refundable income taxes	Prepaid and refundable income taxes are made up of the following components: Prepaid and refundable income taxes Federal State & Total November 30, 2017 $ 1,015 $ 37,138 $ 38,153
Schedule of income taxes payable	Income taxes payable are made up of the following components: Income Taxes Payable Federal State & Total May 31, 2018 $ — $ 3,534 $ 3,534
Provision for income taxes computed at the statutory rate	A reconciliation of the provision for income taxes computed at the statutory rate to the effective rate for the three months and six months ended May 31, 2018 , and May 31, 2017 is as follows: Three Months Ended Three Months Ended May 31, 2018 May 31, 2017 Amount Percent of Pretax Income Amount Percent of Pretax Income Provision for income taxes at federal statutory rate $ (64,399 ) 21.00 % $ 378,761 34.00 % Changes in provision for income taxes resulting from: State income taxes, net of federal income tax benefit (9,598 ) 3.13 % 32,306 2.90 % Non-deductible expenses and other adjustments 59,656 (19.45 )% 4,387 0.39 % Provision for income taxes at effective rate $ (14,341 ) 4.68 % $ 415,454 37.29 % Six Months Ended Six Months Ended May 31, 2018 May 31, 2017 Amount Percent of Pretax Income Amount Percent of Pretax Income Provision for (benefit from) income taxes at federal statutory rate $ (86,909 ) 21.00 % $ 480,554 34.00 % Increases in taxes resulting from: State income taxes, net of federal income tax benefit (12,954 ) 3.13 % 40,988 2.90 % Change in tax rate related to future deferred tax benefits 3,150,147 (761.18 )% — — % Non-deductible expenses and other adjustments 48,845 (11.80 )% 6,552 0.46 % Provision for (benefit from) income taxes at effective rate $ 3,099,129 (748.85 )% $ 528,094 37.36 %

Stock-based Compensation (Table

Stock-based Compensation (Tables)	6 Months Ended
	May 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of valuation assumptions	The fair value of the stock option granted was estimated on the date of the grant using a Black-Scholes valuation model and the assumptions in the following table: Assumptions: Option Grant Date Risk-free Interest Rate Dividend Yield Stock Volatility Option Term (years) January 4, 2018 1.82 % — % 37.63 % 10
Activity of share-based payment award	Number of Options Weighted-Average Exercise Price Weighted-Average Remaining Term (years) Aggregate Intrinsic Value Outstanding at November 30, 2016 564,000 $ 3.25 5.8 — Granted 307,500 $ 3.30 Exercised — Canceled or Forfeited — Outstanding at November 30, 2017 871,500 $ 3.27 6.0 — Granted 7,500 $ 3.15 Exercised — Canceled or Forfeited 82,500 $ 3.35 Outstanding at February 28, 2018 796,500 $ 3.26 6.0 — Granted — Exercised — Canceled or Forfeited — Outstanding at May 31, 2018 796,500 $ 3.26 5.8 —

(Loss) Income Per Share (Tables

(Loss) Income Per Share (Tables)	6 Months Ended
	May 31, 2018
Earnings Per Share [Abstract]
Schedule of earnings per share	Basic earnings per share is calculated using the average number of common shares outstanding. Diluted income per share is computed on the basis of the average number of common shares outstanding plus the effect of outstanding stock options and warrants using the “treasury stock method”. Three Months Ended Six Months Ended May 31, 2018 May 31, 2017 May 31, 2018 May 31, 2017 Net (loss) income available for common shareholders $ (292,320 ) $ 698,550 $ (3,512,980 ) $ 885,301 Weighted average common shares outstanding-Basic 7,456,684 7,006,684 7,293,497 7,006,684 Net effect of dilutive stock options and warrants — 17,744 — — Weighted average common shares and common shares equivalents—Diluted 7,456,684 7,024,428 7,293,497 7,006,684 Earnings per Share: Basic (Loss) Earnings per Share $ (0.04 ) $ 0.10 $ (0.48 ) $ 0.13 Diluted (Loss) Earnings per Share $ (0.04 ) $ 0.10 $ (0.48 ) $ 0.13

Organization and Description 32

Organization and Description of Business (Details)	May 31, 2018subsidiary
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of wholly-owned subsidiaries	1

Summary of Significant Accoun33

Summary of Significant Accounting Policies - Useful Lives (Details)	6 Months Ended
	May 31, 2018
Computer Equipment | Minimum
Summary of estimated useful lives or lease terms of the assets
Estimated useful lives of the assets	5 years
Computer Equipment | Maximum
Summary of estimated useful lives or lease terms of the assets
Estimated useful lives of the assets	7 years
Furniture and fixtures | Minimum
Summary of estimated useful lives or lease terms of the assets
Estimated useful lives of the assets	3 years
Furniture and fixtures | Maximum
Summary of estimated useful lives or lease terms of the assets
Estimated useful lives of the assets	10 years
Tools, dies and masters
Summary of estimated useful lives or lease terms of the assets
Estimated useful lives of the assets	3 years
Leasehold improvements
Summary of estimated useful lives or lease terms of the assets
Estimated useful lives of the assets	2 years 7 months

Summary of Significant Accoun34

Summary of Significant Accounting Policies - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2018	May 31, 2017	May 31, 2018	May 31, 2017	Nov. 30, 2017
Finite-Lived Intangible Assets [Line Items]
Sales returns, basis of estimated returns			3 months
Term accounts remain open unless management believes a deduction may still be taken			3 years
Decrease in cooperative advertising for events that did not take place	$ 133,762	$ 204,598	$ 267,595	$ 409,196
Summary of Significant Accounting Policies (Textual) [Abstract]
Shipping costs	1,859,301	2,345,980	3,508,264	4,053,834
Advertising, cooperative and promotional expenses	505,745	461,149	855,488	943,364
Research and development	14,879	14,250	$ 29,393	27,332
Patents
Finite-Lived Intangible Assets [Line Items]
Intangible asset useful life			17 years
Accounting Standards Update 2015-07
Summary of Significant Accounting Policies (Textual) [Abstract]
Deferred income taxes					$ 2,079,988
Reclassification from current deferred tax assets					$ (2,079,988)
Shipping Costs
Summary of Significant Accounting Policies (Textual) [Abstract]
Shipping costs	$ 205,235	$ 96,778	$ 303,385	$ 178,245

Inventories - Components of Inv

Inventories - Components of Inventory (Details) - USD ($)	May 31, 2018	Nov. 30, 2017
Schedule of components of inventory
Raw materials	$ 215,734	$ 231,558
Finished goods	2,181,952	1,647,273
Inventory	$ 2,397,686	$ 1,878,831

Property and Equipment - Net (D

Property and Equipment - Net (Details) - USD ($)	May 31, 2018	Nov. 30, 2017
Schedule of components of property and equipment
Property and Equipment - Gross	$ 331,295	$ 305,709
Less: Accumulated depreciation	193,110	164,780
Property and Equipment—Net	138,185	140,929
Furniture and equipment
Schedule of components of property and equipment
Property and Equipment - Gross	184,216	163,062
Tools, dies and masters
Schedule of components of property and equipment
Property and Equipment - Gross	128,861	127,361
Capitalized lease obligations
Schedule of components of property and equipment
Property and Equipment - Gross	15,286	15,286
Leasehold improvements
Schedule of components of property and equipment
Property and Equipment - Gross	$ 2,932	$ 0

Property and Equipment - Narrat

Property and Equipment - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2018	May 31, 2017	May 31, 2018	May 31, 2017
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 13,778	$ 23,718	$ 27,260	$ 45,564

Intangible Assets - Net (Detail

Intangible Assets - Net (Details) - USD ($)	May 31, 2018	Nov. 30, 2017
Schedule of Intangible Assets
Patents and trademarks	$ 583,327	$ 578,937
Less: Accumulated amortization	146,522	146,617
Intangible Assets - Net	$ 436,805	$ 432,320

Intangible Assets - Narrative (

Intangible Assets - Narrative (Details)	3 Months Ended		6 Months Ended
	May 31, 2018USD ($)	May 31, 2017USD ($)	May 31, 2018USD ($)product_line	May 31, 2017USD ($)
Finite-Lived Intangible Assets [Line Items]
Number of product lines | product_line			10
Amortization Expense	$ 97	$ 97	$ 194	$ 194
2,018	388		388
2,019	243		243
2,020	243		243
2,021	243		243
2,022	$ 0		$ 0
Patents
Finite-Lived Intangible Assets [Line Items]
Intangible asset useful life			17 years

Accrued Expenses - Narrative (D

Accrued Expenses - Narrative (Details)	May 31, 2018
Payables and Accruals [Abstract]
Maximum percentage of total current liabilities included in accrued expenses	5.00%
Maximum percentage of long-term liabilities included in accrued expenses	5.00%

Accrued Expenses - Components o

Accrued Expenses - Components of Accrued Expenses (Details) - USD ($)	May 31, 2018	Nov. 30, 2017
Current Accrued Expenses
Co-operative advertising	$ 996,940	$ 1,122,904
Accrued bonuses	0	400,166
Long-term Accrued Expenses
Sub-lease rent differential	$ 244,864	$ 220,509

Debt Agreement (Details)

Debt Agreement (Details) - USD ($)	Feb. 05, 2018	Dec. 04, 2015
Debt Instrument [Line Items]
Early termination fee	$ 55,000
Credit Agreement | Loans Payable
Debt Instrument [Line Items]
Face amount	1,500,000
Monthly installment payments	31,250
Long-term debt	$ 1,500,000
LIBOR | Credit Agreement | Loans Payable
Debt Instrument [Line Items]
Basis spread on variable rate	3.50%
Base Rate | Credit Agreement | Loans Payable
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%
Revolving Loan
Debt Instrument [Line Items]
Borrowing capacity		$ 5,500,000
Term	3 years	3 years
Restrictive covenants, percent of accounts receivable		85.00%
Restrictive covenants, borrowing base, percent of inventory		65.00%
Covenant compliance, minimum coverage ratio		100.00%
Revolving Loan | Credit Agreement
Debt Instrument [Line Items]
Borrowing capacity	$ 4,500,000
Restrictive covenants, percent of accounts receivable	85.00%
Restrictive covenants, borrowing base, percent of inventory	65.00%
Covenant compliance, minimum coverage ratio	110.00%
Revolving Loan | Credit Agreement | Maximum
Debt Instrument [Line Items]
Borrowing capacity	$ 4,500,000
Revolving Loan | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		6.00%
Revolving Loan | LIBOR | Credit Agreement
Debt Instrument [Line Items]
Basis spread on variable rate	2.75%
Revolving Loan | Base Rate | Credit Agreement
Debt Instrument [Line Items]
Basis spread on variable rate	0.25%

Other Income (Details)

Other Income (Details) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2018	May 31, 2017	May 31, 2018	May 31, 2017
Summary of other Income
Royalty income	$ 2,254	$ 3,000	$ 6,000	$ 6,000
Miscellaneous	0	1,074	328	2,147
Total Other Income	$ 2,254	$ 4,074	$ 6,328	$ 8,147

401(K) Plan (Details)

401(K) Plan (Details) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2018	May 31, 2017	May 31, 2018	May 31, 2017
Retirement Benefits [Abstract]
Profit sharing criteria period of employees service			6 months
Profit sharing criteria minimum age requirement			21 years
Employees salary reduction contributions			25.00%
Employer matching contribution, percent			3.00%
Employers matching contribution, annual vesting percentage			100.00%
Company Contributions	$ 6,392	$ 6,130	$ 26,591	$ 7,642

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	6 Months Ended	12 Months Ended
	May 31, 2018	Nov. 30, 2017
Income Tax Contingency [Line Items]
Federal and state tax rate	24.13%	36.45%
Higher rate due to tax law effective rate	25.19%
Accounting Standards Update 2015-07
Income Tax Contingency [Line Items]
Reclassification from current deferred tax assets		$ (2,079,988)

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of New Tax Rate (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	May 31, 2018	May 31, 2017	May 31, 2018	May 31, 2017	Nov. 30, 2017
Income Tax Contingency [Line Items]
Federal rate	21.00%	34.00%	21.00%	34.00%
State rate, net of federal tax benefit	3.13%	2.90%	3.13%	2.90%
Total			24.13%		36.45%
Previous Rate
Income Tax Contingency [Line Items]
Federal rate			34.00%
State rate, net of federal tax benefit			2.45%
Total			36.45%

Income Taxes - Temporary Differ

Income Taxes - Temporary Differences (Details) - USD ($)	May 31, 2018	Nov. 30, 2017
Amount
Depreciation	$ (417,190)	$ (378,580)
Reserve for bad debts	23,342	6,629
Reserve for returns	738,309	246,513
Accrued returns	162,646	109,646
Reserve for obsolete inventory	150,102	158,269
Vacation accrual	32,719	70,856
Alternative minimum tax carry forward	0	0
Deferred Compensation	573,224	487,061
Bonus obligation unpaid	0	400,166
Charitable contributions	314,843	305,633
Section 263A costs	61,660	48,317
Loss carry forward	24,511,083	24,279,259
Net deferred tax asset	26,150,738	25,733,769
Deferred Tax
Depreciation	(100,661)	(137,992)
Reserve for bad debts	5,632	2,416
Reserve for returns	178,142	89,854
Accrued returns	39,244	39,966
Reserve for obsolete inventory	36,217	57,689
Vacation accrual	7,895	25,827
Alternative minimum tax carry forward	122,360	122,360
Deferred Compensation	138,310	177,534
Bonus obligation unpaid	0	145,861
Charitable contributions	75,967	111,403
Section 263A costs	14,878	17,612
Loss carry forward	5,935,109	8,849,789
Net deferred tax asset	$ 6,453,093	$ 9,502,319

Income Taxes - Expenses (Detail

Income Taxes - Expenses (Details) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2018	May 31, 2017	May 31, 2018	May 31, 2017
Continuing Operations
Current tax - Federal	$ 0	$ 5,000	$ 0	$ 16,000
Current tax - State & Local	2,675	2,938	5,349	5,877
Deferred tax	(17,016)	407,516	3,093,780	506,217
Provision for income taxes at effective rate	$ (14,341)	$ 415,454	$ 3,099,129	$ 528,094

Income Taxes - Prepaid and Paya

Income Taxes - Prepaid and Payable (Details) - USD ($)	May 31, 2018	Nov. 30, 2017
Operating Loss Carryforwards [Line Items]
Prepaid and refundable income taxes	$ 0	$ 38,153
Income tax payable	3,534	0
Federal
Operating Loss Carryforwards [Line Items]
Prepaid and refundable income taxes		1,015
Income tax payable	0
State & Local
Operating Loss Carryforwards [Line Items]
Prepaid and refundable income taxes		$ 37,138
Income tax payable	$ 3,534

Income Taxes - Rate Reconciliat

Income Taxes - Rate Reconciliation (Details) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2018	May 31, 2017	May 31, 2018	May 31, 2017
Schedule of reconciliation of the provision for income taxes computed at the statutory rate
Provision for income taxes at federal statutory rate	$ (64,399)	$ 378,761	$ (86,909)	$ 480,554
Provision for income taxes at federal statutory rate (percent)	21.00%	34.00%	21.00%	34.00%
Changes in provision for income taxes resulting from:
State income taxes, net of federal income tax benefit	$ (9,598)	$ 32,306	$ (12,954)	$ 40,988
State income taxes, net of federal income tax benefit (percent)	3.13%	2.90%	3.13%	2.90%
Change in tax rate related to future deferred tax benefits			$ 3,150,147	$ 0
Change in tax rate related to future deferred tax benefits (percent)			(761.18%)	0.00%
Non-deductible expenses and other adjustments	$ 59,656	$ 4,387	$ 48,845	$ 6,552
Non-deductible expenses and other adjustments (percent)	(19.45%)	0.39%	(11.80%)	0.46%
Provision for income taxes at effective rate	$ (14,341)	$ 415,454	$ 3,099,129	$ 528,094
Provision for income taxes at effective rate (percent)	4.68%	37.29%	(748.85%)	37.36%

Stock-based Compensation - Narr

Stock-based Compensation - Narrative (Details) - USD ($)	Jan. 04, 2018	May 31, 2018	Feb. 28, 2018	May 31, 2017	May 31, 2018	May 31, 2017	Nov. 30, 2017	Jul. 07, 2017	Aug. 13, 2015	Jun. 15, 2005
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation		$ 53,685		$ 51,079	$ 86,163	$ 78,471
Granted (shares)		0	7,500				307,500
Weighted average exercise price (usd per share)			$ 3.15				$ 3.30
Options outstanding and exercisable (shares)nsation Arrangement by Share-based Payment Award, Options, Exercisable, Number		355,800			355,800
Compensation cost not yet recognized		$ 488,019			$ 488,019
Compensation cost not yet recognized, period for recognition					42 months
Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (shares)	7,500
Weighted average exercise price (usd per share)	$ 3.15
Annual award vesting percentage	20.00%
Grant date fair value	$ 11,692
2005 Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized to be purchased (shares)										1,000,000
2015 CCA Industries Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized to be purchased (shares)								1,400,000	700,000

Stock-based Compensation - Valu

Stock-based Compensation - Valuation Assumptions (Details)	Jan. 04, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Risk-free Interest Rate	1.82%
Dividend Yield	0.00%
Stock Volatility	37.63%
Option Term (years)	10 years

Stock-based Compensation - Opti

Stock-based Compensation - Option Activity (Details) - USD ($)	3 Months Ended		6 Months Ended	12 Months Ended
	May 31, 2018	Feb. 28, 2018	May 31, 2018	Nov. 30, 2017	Nov. 30, 2016
Number of Options
Beginning Balance, Outstanding (shares)	796,500	871,500	871,500	564,000
Granted (shares)	0	7,500		307,500
Exercised (shares)	0	0		0
Cancelled or Forfeited (shares)	0	82,500		0
Ending Balance, Outstanding (shares)	796,500	796,500	796,500	871,500	564,000
Weighted-Average Exercise Price
Beginning Balance, Outstanding (usd per share)	$ 3.26	$ 3.27	$ 3.27	$ 3.25
Granted (usd per share)		3.15		3.30
Cancelled or Forfeited (usd per share)		3.35
Ending Balance, Outstanding (usd per share)	$ 3.26	$ 3.26	$ 3.26	$ 3.27	$ 3.25
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted-Average Remaining Term (years)		6 years	5 years 9 months 18 days	6 years	5 years 9 months 18 days
Aggregate Intrinsic Value	$ 0	$ 0	$ 0	$ 0	$ 0

(Loss) Income Per Share (Detail

(Loss) Income Per Share (Details) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2018	May 31, 2017	May 31, 2018	May 31, 2017
Earnings Per Share [Abstract]
Net (loss) income available for common shareholders	$ (292,320)	$ 698,550	$ (3,512,980)	$ 885,301
Weighted average common shares outstanding-Basic (shares)	7,456,684	7,006,684	7,293,497	7,006,684
Net effect of dilutive stock options and warrants (shares)	0	17,744	0	0
Weighted average common shares and common shares equivalents-Diluted (shares)	7,456,684	7,024,428	7,293,497	7,006,684
Basic
(Loss) Income (usd per share)	$ (0.04)	$ 0.10	$ (0.48)	$ 0.13
Diluted
(Loss) Income (usd per share)	$ (0.04)	$ 0.10	$ (0.48)	$ 0.13
Antidilutive securities excluded from computation of earnings per share (shares)	2,239,244	564,000	2,239,244	2,456,744

Certain Relationships and Rel55

Certain Relationships and Related Transactions (Details) - USD ($)	Feb. 05, 2018	Mar. 23, 2017	Sep. 05, 2014	May 31, 2018	Feb. 28, 2018	May 31, 2017	May 31, 2018	Nov. 30, 2017	May 31, 2017
Related Party Transaction [Line Items]
Proceeds from exercise of warrant							$ 1,426,500		$ 0
Advertising, cooperative and promotional expenses				$ 505,745		$ 461,149	$ 855,488		943,364
Affiliated Entity
Related Party Transaction [Line Items]
Shares of common stock issued upon exercise of warrant (shares)			1,892,744
Exercise period from date of the warrant			5 years
Purchase price of warrant (usd per share)			$ 3.17
Number of warrants exercised during period (shares)	450,000
Proceeds from exercise of warrant	$ 1,426,500
Warrants outstanding (shares)	1,442,744
Commission percent							10.00%
Advertising, cooperative and promotional expenses				35,942		34,274	$ 56,481		65,177
Accounts payable to related party				18,476			18,476
Ultimate Products, Inc
Related Party Transaction [Line Items]
Royalty fee, percent of gross sales		10.00%
Option to purchase		$ 3,200,000
Related party costs				59,105		$ 35,246	$ 91,912		$ 35,246
Board of Directors Chairman and Chief Executive Officer
Related Party Transaction [Line Items]
Monthly rent expense				$ 6,000	$ 2,500			$ 1,000
Line of Credit | Affiliated Entity
Related Party Transaction [Line Items]
Maximum borrowing capacity			$ 5,000,000
Loans Payable | Affiliated Entity
Related Party Transaction [Line Items]
Maximum borrowing capacity			$ 1,000,000

Subsequent Events (Details)

Subsequent Events (Details)	Jun. 20, 2018USD ($)employee$ / sharesshares	May 31, 2018shares	Feb. 28, 2018$ / sharesshares	Nov. 30, 2017$ / sharesshares
Subsequent Event [Line Items]
Granted (shares) | shares		0	7,500	307,500
Granted (usd per share) | $ / shares			$ 3.15	$ 3.30
Subsequent Event
Subsequent Event [Line Items]
Number of employees granted options | employee	14
Granted (shares) | shares	270,000
Granted (usd per share) | $ / shares	$ 2.85
Annual award vesting percentage	20.00%
Non-Executive Director | Subsequent Event
Subsequent Event [Line Items]
Annual directors' compensation	$ 20,000
Directors' compensation, each meeting attended in person	1,000
Directors' compensation, each meeting attended by telephone	500
Vice Chairman of the Board and Chairman of the Audit Committee | Subsequent Event
Subsequent Event [Line Items]
Annual directors' compensation	$ 75,000