NOTE 13 — PRIOR PERIOD ADJUSTMENT

An error was discovered in the November 2010 financial statements, whereby accounts payable was overstated by $595,086. This error occurred over several years originating prior to fiscal 2006, and was not material in any one year. This error has also resulted in a reduction of the current deferred tax asset by $243,391 due to the decrease in the net operating loss carried forward. The cumulative effect of the change resulted in an increase of $351,695 to retained earnings as of November 30, 2010. Management reviewed this adjustment from both a quantitative and qualitative basis, and does not believe this adjustment is material to the financial statements. Accordingly the previously filed 10-K for the year ended November 30, 2010 will not be amended. If the 10-K was amended, it would have reflected an additional expense in fiscal 2010 of $13,796, additional income of $53,266 in fiscal 2009, and an additional expense of $6,441 for fiscal 2008. No adjustment to earnings (loss) per share would have been required for the fiscal years 2010, 2009, and 2008. The following are the original and revised amounts:

CONSOLIDATED BALANCE SHEETS
As of November 30, 2010

		Original				Revised				Change
Deferred Income Tax		$	1,999,174			$	1,755,783			$	(243,391	)
Total Assets			36,555,590				36,312,199				(243,391	)
Accounts Payable			9,101,365				8,506,279				(595,086	)
Retained Earnings			24,454,779				24,806,474				351,695
Total Liabilities and Shareholders’ Equity		$	36,555,590			$	36,312,199			$	(243,391	)