$SPRS

SURGE COMPONENTS INC

CIK:0000747540|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2026	May 31, 2025	May 31, 2026	May 31, 2025
Income Statement [Abstract]
Net sales	$ 9,361,694	$ 8,916,725	$ 17,555,601	$ 16,148,463
Cost of goods sold	6,471,371	6,228,322	12,256,869	11,414,358
Gross profit	2,890,323	2,688,403	5,298,732	4,734,105
Operating expenses:
Selling and shipping expenses	888,011	678,852	1,722,191	1,332,219
General and administrative expenses	1,537,804	1,929,441	3,259,082	3,308,703
Depreciation and amortization	5,829	19,462	16,620	35,079
Total operating expenses	2,431,644	2,627,755	4,997,893	4,676,001
Income before other income (expense) and income taxes	458,679	60,648	300,839	58,104
Other income (expense):
Investment income	108,437	58,364	212,734	183,330
Other income (expense)	108,437	58,364	212,734	183,330
Income before income taxes	567,116	119,012	513,573	241,434
Income taxes	162,558	1,048	143,290	66,114
Net income	404,558	117,964	370,283	175,320
Dividends on preferred stock			2,500	2,500
Net income available to common shareholders	$ 404,558	$ 117,964	$ 367,783	$ 172,820
Net income per share available to common shareholders:
Net income per share available to common shareholders - Basic (in Dollars per share)	$ 0.07	$ 0.02	$ 0.06	$ 0.03
Net income per share available to common shareholders - Diluted (in Dollars per share)	$ 0.07	$ 0.02	$ 0.06	$ 0.03
Weighted Shares Outstanding:
Weighted Shares Outstanding – Basic	5,731,971	5,649,263	5,724,465	5,616,388
Weighted Shares Outstanding – diluted	5,989,141	5,754,199	5,981,635	5,721,324

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	May 31, 2026	May 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 370,283	$ 175,320
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	16,620	35,079
Gain on marketable securities	(230)	42,384
Deferred income taxes	(40,808)	15,010
Allowance for credit losses		19,454
Stock Compensation Expense	104,814	531,797
CHANGES IN OPERATING ASSETS AND LIABILITIES:
Accounts receivable	(130,301)	(150,342)
Inventory	152,491	(595,752)
Prepaid expenses and income taxes	34,519	(232,530)
Other assets	(1,305)	831
Accounts payable	1,002,344	664,348
Accrued expenses	(132,146)	(420,242)
NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES	1,376,281	85,357
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of fixed assets	(10,220)	(114,057)
Acquisition of marketable securities	(4,219,142)	(2,320,651)
Proceeds from the sale of marketable securities	2,753,000	630,000
NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES	(1,476,362)	(1,804,708)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options		105,750
NET CASH FLOWS FROM FINANCING ACTIVITIES		105,750
NET CHANGE IN CASH	(100,081)	(1,613,601)
CASH AT BEGINNING OF PERIOD	5,331,609	5,627,693
CASH AT END OF PERIOD	5,231,528	4,014,092
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Income taxes paid	207,876	271,972
Interest paid
NONCASH INVESTING AND FINANCING ACTIVITIES:
Accrued dividends on preferred stock	2,500	2,500
Operating lease assets and liabilities	$ 146,601

Consolidated Balance Sheets - USD ($)	May 31, 2026	Nov. 30, 2025
Current assets:
Cash	$ 5,231,528	$ 5,331,609
Marketable Securities	9,800,386	8,438,017
Accounts receivable - net of allowance for credit losses of $120,915 and $120,915	6,590,410	6,460,109
Inventory, net	4,933,807	5,086,298
Prepaid expenses and income taxes	425,770	460,289
Total current assets	26,981,901	25,776,322
Fixed assets – net of accumulated depreciation and amortization of $1,915,420 and $1,898,800	155,633	162,033
Operating lease right of use asset	914,839	918,387
Deferred income taxes	270,020	229,212
Other assets	34,299	34,299
Total assets	28,356,692	27,120,253
Current liabilities:
Accounts payable	4,228,270	3,225,926
Operating lease liabilities, current maturities	369,131	367,033
Accrued expenses and taxes	641,609	647,439
Accrued salaries	648,534	772,350
Total current liabilities	5,887,544	5,012,748
Operating lease liabilities net of current maturities	702,991	709,942
Total liabilities	6,590,535	5,722,690
Commitments and contingencies
Shareholders’ equity:
Preferred stock value
Common stock - $.001 par value, 50,000,000 shares authorized, 5,735,922 and 5,716,792 shares issued and outstanding	5,734	5,715
Additional paid-in capital	18,506,542	18,401,747
Accumulated other comprehensive income – unrealized gain on marketable debt securities	81,736	185,739
Retained Earnings	3,172,135	2,804,352
Total shareholders’ equity	21,766,157	21,397,563
Total liabilities and shareholders’ equity	28,356,692	27,120,253
Series C Preferred Stock
Shareholders’ equity:
Preferred stock value	10	10
Series D Preferred Stock
Shareholders’ equity:
Preferred stock value