Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) (USD $)
 3 Months Ended
Feb. 29, 2012
Feb. 28, 2011
Cash Flows from Operating Activities:    
Net income $ 87,534 $ 343,105
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 56,877 52,277
Bad debt expense (recovery) expense (28,164) 14,130
Loss (gain) on sale of securities 3,548 (815)
Deferred income taxes 51,955 235,126
Change in Operating Assets and Liabilities:    
(Increase) in accounts receivable (2,429,710) (3,387,657)
(Increase) decrease in inventory (1,825,234) 629,457
(Increase) decrease in prepaid expenses and miscellaneous receivables (5,004) 767,756
Decrease in prepaid and refundable income taxes 12,341 10,884
Increase in accounts payable and accrued liabilities 1,569,225 215,898
(Decrease) increase in income taxes payable (23,253) 7,500
Net Cash (Used in) Operating Activities (2,529,885) (1,112,339)
Cash Flows from Investing Activities:    
Acquisition of property, plant and equipment (39,996) (15,800)
Proceeds from sale or maturity of investments 260,000 2,500,000
Net Cash Provided by Investing Activities 220,004 2,484,200
Cash Flows from Financing Activities:    
Payments of capital lease obligation (1,453) (9,405)
Dividends paid (493,811) (493,811)
Net Cash (Used in) Financing Activities (495,264) (503,216)
Net (Decrease) Increase in Cash (2,805,145) 868,645
Cash and Cash Equivalents at Beginning of Period 7,699,615 8,064,255
Cash and Cash Equivalents at End of Period 4,894,470 8,932,900
Cash paid during the period for:    
Interest 107 344
Income taxes 25,869  
Schedule of Non Cash Financing Activities:    
Dividends declared $ 493,811 $ 493,811