Annual report [Section 13 and 15(d), not S-K Item 405]

Note 21 - Subsequent Events

v3.25.4
Note 21 - Subsequent Events
12 Months Ended
Nov. 30, 2025
Notes to Financial Statements  
Subsequent Events [Text Block]

21.

SUBSEQUENT EVENTS

 

On February 3, 2026, the Company entered into a credit agreement with Texas Capital Bank (the "Credit Agreement").  The Credit Agreement is for a total of $20 million credit facility and is made up of a $5 million revolving line of credit and a $15 million delayed term loan.  The term of the Credit Agreement is five years with a maturity date of February 3, 2031. The interest rate is SOFR plus 2.5% - 2.75% depending on certain ratios. The Credit Agreement is collateralized by all assets of the Company.