Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Financial Position

v2.4.0.6
Consolidated Statements of Financial Position (USD $)
Aug. 31, 2012
Nov. 30, 2011
Current assets    
Cash & cash equivalents $ 10,611,495 $ 7,699,615
Short term investments & marketable securities 679,424 2,361,996
Accounts receivable, net of allowances of $1,251,715 and $997,833 respectively 8,953,362 7,743,601
Inventories, net of reserve for inventory obsolescence of $548,322 and $892,226, respectively 10,283,016 9,460,408
Prepaid expenses and sundry receivables 669,308 947,087
Prepaid and refundable income taxes 338,722 718,828
Deferred income taxes 1,402,328 1,738,949
Total Current Assets 32,937,655 30,670,484
Property and Equipment, net of accumulated depreciation and amortization 638,718 526,100
Intangible Assets, net of accumulated amortization 782,771 673,117
Other Assets    
Marketable securities 743,988 2,983,026
Other 29,000 52,800
Total other assets 772,988 3,035,826
Total Assets 35,132,132 34,905,527
Current Liabilities    
Accounts payable & accrued liabilities 9,470,381 8,566,544
Capital lease obligation - current portion 3,131 5,577
Income taxes payable 13,624 47,232
Dividends payable 493,811 493,811
Total current liabilities 9,980,947 9,113,164
Deferred tax liability 63,556 182,339
Capitalized lease obligations   1,973
Total Liabilities 10,044,503 9,297,476
Shareholders' Equity    
Preferred stock, $1.00 par, authorized 20,000,000 none issued      
Additional paid-in capital 2,329,049 2,329,049
Retained earnings 22,659,876 23,322,928
Accumulated other comprehensive income (loss), net of tax 28,160 (114,470)
Total Shareholders' Equity 25,087,629 25,608,051
Total Liabilities and Shareholders' Equity 35,132,132 34,905,527
Common Stock
    
Shareholders' Equity    
Common stock 60,867 60,867
Common Class A
    
Shareholders' Equity    
Common stock $ 9,677 $ 9,677