Consolidated Statements of Income - USD ($)
|
3 Months Ended |
Feb. 28, 2023 |
Feb. 28, 2022 |
| Revenue |
$ 7,824,415
|
$ 7,258,531
|
| Costs and Expenses: |
|
|
| Cost of sales |
2,067,364
|
2,103,202
|
| Selling, general and administrative expenses |
3,878,903
|
3,375,954
|
| Change in fair value of contingent consideration |
(164,701)
|
(116,433)
|
| Research, development and related engineering |
78,834
|
147,220
|
| Depreciation and amortization |
280,844
|
278,166
|
| Total costs and expenses |
6,141,244
|
5,788,109
|
| Operating Income |
1,683,171
|
1,470,422
|
| Other Income (Expense): |
|
|
| Losses on marketable securities |
(3,681)
|
(8,642)
|
| Other income |
1,268
|
9
|
| Interest expense |
(466,231)
|
(306,095)
|
| Total other income (expense) |
(468,644)
|
(314,728)
|
| Income before income tax expense |
1,214,527
|
1,155,694
|
| Income tax expense |
(447,715)
|
(323,647)
|
| Net Income |
$ 766,812
|
$ 832,047
|
| Net income per common share - basic |
$ 0.09
|
$ 0.10
|
| Weighted average common shares outstanding - basic |
8,467,074
|
8,527,031
|
| Net income per common share - diluted |
$ 0.09
|
$ 0.10
|
| Weighted average common shares outstanding - diluted |
8,474,737
|
8,748,183
|
| Processing and Storage Fees [Member] |
|
|
| Revenue |
$ 7,561,518
|
$ 7,157,486
|
| Public Banking [Member] |
|
|
| Revenue |
230,697
|
82,845
|
| Product [Member] |
|
|
| Revenue |
$ 32,200
|
$ 18,200
|