Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
 9 Months Ended
Aug. 31, 2013
Aug. 31, 2012
Cash Flows from Operating Activities:    
Net Income (Loss) $ (1,965,119) $ 818,381
Adjustments to reconcile net (loss) income to Net cash provided by (used in) operating activities:    
Depreciation and amortization 238,198 162,929
Change in allowance for bad debts 4,825 (36,150)
(Gain) on sale of securities 0 121,672
Loss on write off of fixed assets 0 (999)
Gain (Loss) on Sale of Property Plant Equipment 0 5,748
Deferred income taxes (1,181,620) 121,549
Change in Operating Assets & Liabilities:    
Decrease (increase) in accounts receivable 754,686 (1,173,611)
(Increase) in inventory (1,364,595) (822,608)
Decrease in insurance claim receivable 800,000 0
(Increase) decrease in prepaid expenses and miscellaneous receivables (55,896) 177,779
(Increase) decrease in prepaid income and refundable income tax 64,288 380,106
Decrease in other assets 12,000 23,800
(Decrease) increase in accounts payable and accrued liabilities (789,369) 903,837
(Decrease) increase in income taxes payable (9,440) (33,608)
Net Cash Provided by (Used in) Operating Activities (3,492,042) 395,983
Cash Flows from Investing Activities:    
Acquisition of property, plant and equipment (690,815) (280,451)
Proceeds from sale of property, plant and equipment 0 10,000
Acquisition of intangible assets 0 (10,000)
Purchase of marketable securities (153,000) (148,692)
Proceeds from sale and maturity of investments 400,000 4,430,892
Net Cash (Used in) Provided by Investing Activities (443,815) 4,001,749
Cash Flows from Financing Activities:    
Increase in capital lease obligation 24,336 0
Repayments of Long-term Capital Lease Obligations (2,484) (4,419)
Stock Repurchased and Retired During Period, Value (155,215) 0
Dividends paid (987,622) (1,481,433)
Net Cash (Used in) Financing Activities (1,120,985) (1,485,852)
Net Increase (Decrease) in Cash (5,056,842) 2,911,880
Cash and Cash Equivalents at Start of Period 9,828,681 7,699,615
Cash and Cash Equivalents at End of Period 4,771,839 10,611,495
Cash paid during the period for:    
Interest Paid, Net 1,602 259
Income Taxes Paid, Net 40,200 72,499
Schedule of Non Cash Financing Activities:    
Conversion of deposit to intangible asset 0 100,000
Dividends declared $ 984,279 $ 1,481,433