Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Income

v3.26.1
Consolidated Statements of Income - USD ($)
3 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Revenue $ 7,683,117 $ 7,968,880
Costs and Expenses:    
Cost of sales 1,656,488 1,984,588
Selling, general and administrative expenses 5,011,847 4,638,285
Research, development and related engineering 65,761 98,143
Depreciation and amortization 183,887 191,853
Total costs and expenses 6,917,983 6,912,869
Operating Income 765,134 1,056,011
Other Income (Expense):    
Losses on marketable securities (240,458) (31,401)
Other income 8,342 4,070
Interest expense (462,709) (494,962)
Total other (expense) income (694,825) (522,293)
Income before income tax expense 70,309 533,718
Income tax expense (23,201) (250,863)
Net income $ 47,108 $ 282,855
Net income per common share - basic $ 0.01 $ 0.03
Weighted average common shares outstanding - basic 8,055,150 8,082,159
Net income per common share - diluted $ 0.01 $ 0.03
Weighted average common shares outstanding - diluted 8,056,133 8,200,022
Processing and Storage Fees [Member]    
Revenue $ 7,643,113 $ 7,865,888
Public Banking Revenue [Member]    
Revenue 1,410 82,079
Product Revenue [Member]    
Revenue $ 38,594 $ 20,913