Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
|
May 31, 2018 |
Nov. 30, 2017 |
| Current Assets |
|
|
| Cash |
$ 863,933
|
$ 792,655
|
| Restricted cash |
600,105
|
693,425
|
| Receivables |
|
|
| Trade accounts and notes receivable (net of allowance for doubtful accounts of $17,109 in 2018 and $19,438 in 2017 ) |
59,314
|
56,342
|
| Marketing fund contributions receivable from franchisees and stores |
13,060
|
12,635
|
| Inventories |
8,738
|
19,761
|
| Prepaid expenses and other current assets |
68,084
|
85,770
|
| Total Current Assets |
1,613,234
|
1,660,588
|
| Property, plant and equipment (net of accumulated depreciation of $154,662 in 2018 and $154,762 in 2017) |
1,504
|
5,515
|
| Trademarks |
459,637
|
459,637
|
| Goodwill |
1,493,771
|
1,493,771
|
| Definite lived intangible assets (net of accumulated amortization of $123,540 in 2018 and $123,398 in 2017) |
4,105
|
|
| Deferred tax asset |
248,000
|
248,000
|
| Total Noncurrent Assets |
2,207,017
|
2,206,923
|
| Total Assets |
3,820,251
|
3,867,511
|
| Current Liabilities |
|
|
| Accounts payable |
39,024
|
43,741
|
| Accrued expenses and other current liabilities |
228,216
|
243,397
|
| Unexpended marketing fund contributions |
613,340
|
706,856
|
| Deferred franchise fee revenue |
|
|
| Deferred licensing revenue |
23,834
|
18,155
|
| Current and Total Liabilities |
904,414
|
1,012,149
|
| Stockholders' Equity |
|
|
| Preferred shares |
|
|
| Common stock -$.001 par value; 15,000,000 shares authorized; 8,466,953 shares issued and 7,263,508 shares outstanding as of May 31, 2018 and November 30, 2017 |
13,508,257
|
13,508,257
|
| Additional paid-in capital |
987,034
|
987,034
|
| Treasury stock |
(222,781)
|
(222,781)
|
| Accumulated deficit |
(11,356,673)
|
(11,417,148)
|
| Total Stockholders' Equity |
2,915,837
|
2,855,362
|
| Total Liabilities and Stockholders' Equity |
3,820,251
|
3,867,511
|
| Series A Preferred Stock [Member] |
|
|
| Stockholders' Equity |
|
|
| Preferred shares |
|
|