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Acquisitions - (Tables)
 6 Months Ended
May 31, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The preliminary allocation of the purchase price is as follows:
Cash and cash equivalents$702,907 
Accounts receivable, net5,157,797 
Receivables from vendors, net727,175 
Inventories3,003,839 
Other current assets395,609 
Property and equipment347,532 
Goodwill3,560,973 
Intangible assets4,933,900 
Other assets475,424 
Total assets19,305,156 
Borrowings, current493,076 
Accounts payable6,613,145 
Other accrued liabilities1,252,507 
Long-term borrowings2,218,672 
Other long-term liabilities416,587 
Deferred tax liabilities1,086,769 
Total liabilities12,080,756 
Purchase consideration$7,224,400 
Finite-Lived and Indefinite-Lived Intangible Assets Acquired
The allocation of the value of identifiable intangible assets is as follows:
Fair valueWeighted average useful life
Customer relationships$3,860,200 14 years
Trade name1,073,700 Indefinite lived
Total intangibles acquired$4,933,900 
Business Acquisition, Pro Forma Information As a result, the pro forma information below does not purport to present what actual results would have been had the Merger been consummated on the date indicated and it is not necessarily indicative of the results of operations that may result in the future.
Three Months EndedSix Months Ended
May 31, 2021May 31, 2021
Revenue$15,427,456 $30,673,100 
Net income$108,380 $244,704