Quarterly report pursuant to Section 13 or 15(d)

Inventories

Inventories

6 Months Ended

May 31, 2012

NOTE 4 — INVENTORIES

The components of inventory consist of the following:


	May 31,		November 30,
	2012		2011
Raw materials	$	7,709,565	$	6,272,251
Finished goods		3,672,865		3,188,157

	$	11,382,430	$	9,460,408

At May 31, 2012 and November 30, 2011, the Company had a reserve for obsolescence of $522,560 and $892,226, respectively.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References + Details