Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
Aug. 31, 2013
Nov. 30, 2012
Current assets    
Cash & cash equivalents $ 4,771,839 $ 9,828,681
Short term investments & marketable securities 2,170,269 2,283,772
Accounts receivable, net of allowances of $616,110 and $1,133,561, respectively 7,313,887 8,073,398
Inventories, net of reserve for inventory obsolescence of $711,583 and $671,609, respectively 11,159,043 9,794,448
Insurance Settlements Receivable 0 800,000
Prepaid expenses and sundry receivables 726,988 671,093
Prepaid and refundable income taxes 680,889 745,177
Deferred income taxes 2,168,169 1,242,484
Total Current Assets 28,991,084 33,439,053
Property and Equipment, net of accumulated depreciation and amortization 1,492,864 1,024,901
Intangible Assets, net of accumulated amortization 767,309 782,655
Other 12,500 24,500
Total Assets 31,263,757 35,271,109
Current Liabilities    
Accounts payable & accrued liabilities 9,473,583 10,262,950
Capital lease obligation - current portion 6,990 4,426
Income taxes payable 0 9,440
Dividends payable 490,468 493,811
Total current liabilities 9,971,041 10,770,627
Deferred tax liability 33,001 239,673
Capitalized lease obligations 32,122 12,833
Total Liabilities 10,036,164 11,023,133
Shareholders' Equity    
Preferred stock, $1.00 par, authorized 20,000,000 none issued 0 0
Additional paid-in capital 2,329,049 2,329,049
Retained earnings 18,709,000 21,813,136
Accumulated other comprehensive income (loss), net of tax 119,477 35,247
Total Shareholders' Equity 21,227,593 24,247,976
Total Liabilities and Shareholders' Equity 31,263,757 35,271,109
Common Stock
    
Shareholders' Equity    
Common Stock, Value, Issued 60,390 60,867
Common Class A
    
Shareholders' Equity    
Common Stock, Value, Issued $ 9,677 $ 9,677