$BABB
BAB Inc

2023 Q1 Form 10-K Financial Statement

#000143774923004508 Filed on February 24, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $745.6K $842.1K $3.287M
YoY Change 0.99% 3.75% 7.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $641.1K $631.8K $2.473M
YoY Change 5.79% -7.95% 5.17%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $923.00 $920.00 $4.440K
YoY Change -29.54% -34.75% -13.21%
% of Gross Profit
Operating Expenses $696.2K $683.8K $2.679M
YoY Change 7.15% -5.98% 5.88%
Operating Profit $49.40K $607.8K
YoY Change -44.22% 12.19%
Interest Expense $120.00 $130.00 $410.00
YoY Change 71.43% 44.44% -2.38%
% of Operating Profit 0.24% 0.07%
Other Income/Expense, Net
YoY Change
Pretax Income $49.52K $158.4K $608.2K
YoY Change -44.13% 87.51% -21.05%
Income Tax $14.20K $47.60K $176.2K
% Of Pretax Income 28.68% 30.04% 28.97%
Net Earnings $35.32K $110.8K $432.0K
YoY Change -43.84% 12.7% -33.65%
Net Earnings / Revenue 4.74% 13.16% 13.14%
Basic Earnings Per Share $0.00 $0.06
Diluted Earnings Per Share $0.02 $0.02 $0.06
COMMON SHARES
Basic Shares Outstanding 7.264M 7.264M 7.264M
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.598M $1.623M $1.623M
YoY Change 6.99% 11.03% 11.03%
Cash & Equivalents $1.598M $1.623M
Short-Term Investments
Other Short-Term Assets $468.4K $438.6K $438.6K
YoY Change -34.37% -35.91% -35.91%
Inventory
Prepaid Expenses
Receivables $76.15K $73.97K $73.97K
Other Receivables $34.41K $18.64K $18.64K
Total Short-Term Assets $2.177M $2.154M $2.155M
YoY Change -5.34% -4.83% -4.83%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00 $0.00 $127.6K
YoY Change -100.0% -100.0% -41.57%
Goodwill
YoY Change
Intangibles $461.4K $461.4K
YoY Change 0.0% 0.0%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $2.114M $2.140M $2.140M
YoY Change -3.15% -2.56% -2.56%
TOTAL ASSETS
Total Short-Term Assets $2.177M $2.154M $2.155M
Total Long-Term Assets $2.114M $2.140M $2.140M
Total Assets $4.292M $4.295M $4.295M
YoY Change -4.28% -3.71% -3.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.49K $5.803K $5.800K
YoY Change 415.33% 181.15% 181.55%
Accrued Expenses $446.0K $438.6K $438.6K
YoY Change 8.32% 3.7% 3.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $889.0K $769.6K $769.6K
YoY Change -22.1% -29.9% -29.9%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $156.1K $168.3K $168.3K
YoY Change -34.28% -36.39% -36.39%
Total Long-Term Liabilities $437.8K $450.0K $168.3K
YoY Change 4.58% 4.97% -36.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $889.0K $769.6K $769.6K
Total Long-Term Liabilities $437.8K $450.0K $168.3K
Total Liabilities $1.327M $1.220M $1.220M
YoY Change -14.94% -20.11% -20.11%
SHAREHOLDERS EQUITY
Retained Earnings -$11.31M -$11.20M
YoY Change -0.36% -1.25%
Common Stock $13.51M $13.51M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $222.8K $222.8K
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $2.965M $3.075M $3.075M
YoY Change
Total Liabilities & Shareholders Equity $4.292M $4.295M $4.295M
YoY Change -4.28% -3.71% -3.71%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $35.32K $110.8K $432.0K
YoY Change -43.84% 12.7% -33.65%
Depreciation, Depletion And Amortization $923.00 $920.00 $4.440K
YoY Change -29.54% -34.75% -13.21%
Cash From Operating Activities $180.0K -$412.6K $135.0K
YoY Change 26.41% -434.63% -81.2%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid $145.3K $290.5K
YoY Change 100.0% 0.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$145.3K -72.63K -$290.5K
YoY Change 100.0% 0.0% 0.0%
NET CHANGE
Cash From Operating Activities $180.0K -412.6K $135.0K
Cash From Investing Activities $0.00 0.000 $0.00
Cash From Financing Activities -$145.3K -72.63K -$290.5K
Net Change In Cash $34.69K -485.2K -$155.5K
YoY Change -41.51% -1057.74% -136.57%
FREE CASH FLOW
Cash From Operating Activities $180.0K -$412.6K $135.0K
Capital Expenditures $0.00 $0.00 $0.00
Free Cash Flow $180.0K -$412.6K $135.0K
YoY Change 17.78% -434.63% -81.27%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q2 dei Entity Public Float
EntityPublicFloat
4191429 usd
CY2023Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
7263508
CY2022 dei Auditor Firm
AuditorFirmId
29
CY2022 dei Auditor Name
AuditorName
Sassetti LLC
CY2022 dei Auditor Location
AuditorLocation
Oak Brook, Illinois
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1623256 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1462026 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
279405 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
596132 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
10873 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
13878 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
73972 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
91306 usd
CY2022Q4 babb Marketing Contributions Receivable Fromfranchisees
MarketingContributionsReceivableFromfranchisees
12811 usd
CY2021Q4 babb Marketing Contributions Receivable Fromfranchisees
MarketingContributionsReceivableFromfranchisees
26086 usd
CY2022Q4 us-gaap Sales Type Lease Lease Receivable
SalesTypeLeaseLeaseReceivable
5827 usd
CY2021Q4 us-gaap Sales Type Lease Lease Receivable
SalesTypeLeaseLeaseReceivable
0 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
159226 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
88315 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
2154497 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
2263865 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
159414 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
158666 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
0 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
748 usd
CY2022Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
38305 usd
CY2021Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
0 usd
CY2022Q4 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
461445 usd
CY2021Q4 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
461445 usd
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
1493771 usd
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
1493771 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
134733 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
131042 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
18972 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
22664 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
127617 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
217648 usd
CY2022Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
2140110 usd
CY2021Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
2196276 usd
CY2022Q4 us-gaap Assets
Assets
4294607 usd
CY2021Q4 us-gaap Assets
Assets
4460141 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
5803 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2064 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
0 usd
CY2021Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
14223 usd
CY2022Q4 babb Accrued Expenses And Other Current Liabilites
AccruedExpensesAndOtherCurrentLiabilites
324718 usd
CY2021Q4 babb Accrued Expenses And Other Current Liabilites
AccruedExpensesAndOtherCurrentLiabilites
316544 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
113883 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
106392 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
769576 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1097874 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
39819 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
153702 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
281700 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
164114 usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
4000000
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
4000000
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
15000000
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
15000000
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8466953
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8466953
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
7263508
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
7263508
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
13508257 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
13508257 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
987034 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
987034 usd
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
222781 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-11197463 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-11338914 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
3075047 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
2933596 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4294607 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4460141 usd
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
14800 usd
CY2022 us-gaap Professional Fees
ProfessionalFees
112608 usd
CY2021 us-gaap Professional Fees
ProfessionalFees
101168 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
4440 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
5116 usd
CY2022 babb Marketing Fund Expenses
MarketingFundExpenses
1081320 usd
CY2021 babb Marketing Fund Expenses
MarketingFundExpenses
980630 usd
CY2022 us-gaap Other General Expense
OtherGeneralExpense
201690 usd
CY2021 us-gaap Other General Expense
OtherGeneralExpense
173746 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
2679320 usd
CY2021 us-gaap Operating Expenses
OperatingExpenses
2530414 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
607767 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
541724 usd
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
412 usd
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
417 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
228155 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
608179 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
770296 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
58601 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
40000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
117586 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
79174 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
176187 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
119174 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
431992 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
651122 usd
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7263508
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7263508
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.04
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.04
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
2573014 usd
CY2021 us-gaap Dividends Stock
DividendsStock
290540 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
2933596 usd
CY2022 us-gaap Dividends Stock
DividendsStock
290541 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
3075047 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
431992 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
651122 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4440 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5116 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
117586 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
79174 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-633 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-3474 usd
CY2022 babb Noncash Portion Of Lease Expense
NoncashPortionOfLeaseExpense
99312 usd
CY2021 babb Noncash Portion Of Lease Expense
NoncashPortionOfLeaseExpense
99311 usd
CY2022 us-gaap Sales Type Lease Lease Income
SalesTypeLeaseLeaseIncome
5319 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-0 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
228155 usd
CY2022 babb Lease Investment Assumed
LeaseInvestmentAssumed
47019 usd
CY2021 babb Lease Investment Assumed
LeaseInvestmentAssumed
0 usd
CY2022Q2 babb Lessor Sales Type Lease Weekly Payments
LessorSalesTypeLeaseWeeklyPayments
121 usd
CY2022Q2 babb Lessor Salestype Lease Optional Buyout Payment
LessorSalestypeLeaseOptionalBuyoutPayment
4800 usd
CY2022Q4 us-gaap Sales Type Lease Residual Value Of Leased Asset
SalesTypeLeaseResidualValueOfLeasedAsset
4800 usd
CY2022Q4 us-gaap Treasury Stock Value
TreasuryStockValue
222781 usd
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001123596
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--11-30
CY2022 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2018Q4 babb Lessee Operating Lease Rent Abatement And Tenant Allowance Period
LesseeOperatingLeaseRentAbatementAndTenantAllowancePeriod
P6M
CY2013Q2 babb Preferred Stock Dividends Number Of Rights Declared1
PreferredStockDividendsNumberOfRightsDeclared1
1
CY2022 us-gaap Open Tax Year
OpenTaxYear
2019 2020 2021
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
0 usd
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022Q4 babb Number Of Wholly Owned Subsidiaries
NumberOfWhollyOwnedSubsidiaries
3 pure
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3692 usd
CY2022Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
1974188 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><b><span style="text-decoration: underline; ">Note 1 - Nature of Operations</span></b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">BAB, Inc (“the Company”) has <span style="-sec-ix-hidden:c302">three</span> wholly owned subsidiaries: BAB Systems, Inc. (“Systems”) and BAB Operations, Inc. (“Operations”) and BAB Investments, Inc. (“Investments”). Systems was incorporated on December 2, 1992, and was primarily established to franchise Big Apple Bagels® (“BAB”) specialty bagel retail stores. My Favorite Muffin (“MFM”) was acquired in 1997 and is included as a part of Systems. Brewster’s (“Brewster’s”) was established in 1996 and the coffee is sold in BAB and MFM locations. SweetDuet® (“SD”) frozen yogurt can be added as an additional brand in a BAB or MFM location. Operations was formed in 1995, primarily to operate Company-owned stores of which there are currently none. The assets of Jacobs Bros. Bagels (“Jacobs Bros.”) were acquired in 1999, and any branded wholesale business uses this trademark. Investments was incorporated in 2009 to be used for the purpose of acquisitions. To date there have been no acquisitions.</p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The Company was incorporated under the laws of the State of Delaware on July 12, 2000. The Company currently franchises and licenses bagel and muffin retail units under the BAB, MFM and SD trade names. At November 30, 2022, the Company had 68 franchise units and 4 licensed units in operation in 20 states. There are 2 units under development. The Company's revenues are derived primarily from the ongoing royalties paid to the Company by its franchisees and from receipt of initial franchise fees. Additionally, the Company derives revenue from the sale of licensed products (My Favorite Muffin mix, Big Apple Bagels cream cheese and Brewster's coffee) to franchisees, licensees and other approved customers.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The BAB franchised brand consists of units operating as “Big Apple Bagels®,” featuring daily baked bagels, flavored cream cheeses, premium coffees, gourmet bagel sandwiches and other related products. BAB units are primarily concentrated in the Midwest and Western United States. The MFM brand consists of units operating as “My Favorite Muffin Gourmet Muffin Bakery®” (“MFM Bakery”), featuring a large variety of freshly baked muffins and coffees and units operating as “My Favorite Muffin Your All Day Bakery Café®” (“MFM Cafe”) featuring these products as well as a variety of specialty bagel sandwiches and related products. The SweetDuet® is a branded self-serve frozen yogurt that can be added as an additional brand in a BAB location. Although the Company doesn't actively market Brewster's stand-alone franchises, Brewster's coffee products are sold in most franchised units.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The Company is leveraging on the natural synergy of distributing muffin products in existing BAB units and, alternatively, bagel products and Brewster's Coffee in existing MFM units. The Company expects to continue to realize efficiencies in servicing the combined base of BAB and MFM franchisees.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2022Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
20 pure
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<b><span style="text-decoration: underline; ">Uses of Estimates</span></b>The preparation of the financial statements and accompanying notes are in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported periods. Actual results could differ from those estimates.
CY2020Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
1978923 usd
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2525 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3568 usd
CY2021Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
1977880 usd
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
596132 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1902661 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2058158 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
15000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
23000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1623256 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1462026 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
279405 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
651122 usd
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2022 babb Royalty Fees From Franchisespercentage
RoyaltyFeesFromFranchisespercentage
0.05 pure
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3287087 usd
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3072138 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
128465 usd
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
110855 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
692360 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
972470 usd
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
972470 usd
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
697763 usd
CY2022 babb Contract With Customer Asset Revenue Recognized
ContractWithCustomerAssetRevenueRecognized
1742303 usd
CY2021 babb Contract With Customer Asset Revenue Recognized
ContractWithCustomerAssetRevenueRecognized
1063614 usd
CY2022 babb Contract With Customer Asset Amounts Invoiced Collected Net
ContractWithCustomerAssetAmountsInvoicedCollectedNet
1462193 usd
CY2021 babb Contract With Customer Asset Amounts Invoiced Collected Net
ContractWithCustomerAssetAmountsInvoicedCollectedNet
1338321 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
692360 usd
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
972470 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
33487 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
26652 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
18345 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
15907 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
14120 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
53441 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
161952 usd
CY2022Q4 us-gaap Number Of Stores
NumberOfStores
74 pure
CY2021Q4 us-gaap Number Of Stores
NumberOfStores
75 pure
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
33652 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
230353 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
371048 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
476180 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
36501 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
22100 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
40000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
117586 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
79174 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
176187 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
119174 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0711 pure
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
128012 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
161762 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
43341 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
54768 usd
CY2022 babb Effective Income Tax Rate Reconciliation Change In Valuation Allowance Tax Rate And Other Adjustments Amount
EffectiveIncomeTaxRateReconciliationChangeInValuationAllowanceTaxRateAndOtherAdjustmentsAmount
4834 usd
CY2021 babb Effective Income Tax Rate Reconciliation Change In Valuation Allowance Tax Rate And Other Adjustments Amount
EffectiveIncomeTaxRateReconciliationChangeInValuationAllowanceTaxRateAndOtherAdjustmentsAmount
-97356 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
176187 usd
CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
44682 usd
CY2021Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
41876 usd
CY2022Q4 babb Deferred Tax Assets Marketing Fund Net Contributions
DeferredTaxAssetsMarketingFundNetContributions
78541 usd
CY2021Q4 babb Deferred Tax Assets Marketing Fund Net Contributions
DeferredTaxAssetsMarketingFundNetContributions
165600 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
3056 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
3901 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
60868 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
52907 usd
CY2022Q4 babb Deferred Tax Assets Operating Lease Liability
DeferredTaxAssetsOperatingLeaseLiability
43206 usd
CY2021Q4 babb Deferred Tax Assets Operating Lease Liability
DeferredTaxAssetsOperatingLeaseLiability
73112 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
0 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
473971 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
35873 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
61191 usd
CY2013Q2 babb Preferred Stock Dividends Number Of Rights Minimum Percent Of Common Stock That Must Be Acquired To Make Rights Exercisable Institutional Investors
PreferredStockDividendsNumberOfRightsMinimumPercentOfCommonStockThatMustBeAcquiredToMakeRightsExercisableInstitutionalInvestors
0.20 pure
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
281700 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
164114 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
512053 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
535162 usd
CY2021Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
160000 usd
CY2022Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.02
CY2013Q2 babb Preferred Stock Dividends Number Of Rights Minimum Percent Of Common Stock That Must Be Acquired To Make Rights Exercisable
PreferredStockDividendsNumberOfRightsMinimumPercentOfCommonStockThatMustBeAcquiredToMakeRightsExercisable
0.15 pure
CY2022 us-gaap Sales Type Lease Lease Income
SalesTypeLeaseLeaseIncome
5319 usd
CY2022 us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
256 usd
CY2022 us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
5575 usd
CY2022Q4 babb Lessor Sales Type Lease Applicable Discount Rate
LessorSalesTypeLeaseApplicableDiscountRate
0.0125 pure
CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
6283 usd
CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
6283 usd
CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
6283 usd
CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
6283 usd
CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Five Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFiveYears
6404 usd
CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Thereafter
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThereafter
14225 usd
CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
45761 usd
CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Undiscounted Excess Amount
SalesTypeAndDirectFinancingLeasesLeaseReceivableUndiscountedExcessAmount
1629 usd
CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
44132 usd
CY2022Q4 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss Current
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLossCurrent
5827 usd
CY2022Q4 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss Noncurrent
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLossNoncurrent
38305 usd
CY2022Q4 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
44132 usd
CY2018Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2018Q4 us-gaap Operating Lease Expense
OperatingLeaseExpense
21300 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
91100 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
91300 usd
CY2022Q4 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P16M
CY2022Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.0525 pure
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
118322 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
40177 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
158499 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4797 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
153702 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
113883 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
39819 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
153702 usd
CY2022 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.04 pure
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
40100 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
34800 usd
CY2022 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><b><span style="text-decoration: underline; ">Note 11 </span></b><span style="text-decoration: underline; ">–</span><b><span style="text-decoration: underline; "> Contingencies</span></b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">We may be subject to various legal proceedings and claims, either asserted or unasserted, which arise in the ordinary course of business. While the outcome of such proceedings or claims cannot be predicted with certainty, management does not believe that the outcome of any such proceedings or claims will have a material effect on our financial position. We know of no pending or threatened proceeding or claim to which we are or will be a party.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"> </p>

Files In Submission

Name View Source Status
0001437749-23-004508-index-headers.html Edgar Link pending
0001437749-23-004508-index.html Edgar Link pending
0001437749-23-004508.txt Edgar Link pending
0001437749-23-004508-xbrl.zip Edgar Link pending
babb-20221130.xsd Edgar Link pending
babs20221130_10k.htm Edgar Link pending
ex_477758.htm Edgar Link pending
ex_477759.htm Edgar Link pending
ex_477760.htm Edgar Link pending
ex_477761.htm Edgar Link pending
ex_477762.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
image01.jpg Edgar Link pending
babs20221130_10k_htm.xml Edgar Link completed
image02.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
babb-20221130_cal.xml Edgar Link unprocessable
babb-20221130_def.xml Edgar Link unprocessable
babb-20221130_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
babb-20221130_pre.xml Edgar Link unprocessable