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 $)
 9 Months Ended
Aug. 31, 2012
Aug. 31, 2011
Cash Flows from Operating Activities:    
Net Income $ 818,381 $ 495,131
Adjustments to reconcile net income to Net cash provided by (used in) operating activities:    
Depreciation and amortization 162,929 147,677
Bad debt (recovery) expense (36,150) (60,173)
Deferred income taxes 121,549 297,693
(Gain) on sale of securities (121,672) (815)
Loss on write off of fixed assets 999  
(Gain) on sale of property, plant and equipment (5,748)  
Change in Operating Assets & Liabilities:    
(Increase) in accounts receivable (1,173,611) (1,961,387)
(Increase) in inventory (822,608) (69,205)
Decrease in insurance claim receivable   361,639
Decrease in prepaid expenses and miscellaneous receivables 177,779 384,395
Decrease in prepaid income and refundable income tax 380,106 25,861
Decrease in other assets 23,800 12,500
Increase (decrease) in accounts payable and accrued liabilities 903,837 (729,006)
(Decrease) increase in income taxes payable (33,608) 22,500
Net Cash Provided by (Used in) Operating Activities 395,983 (1,073,190)
Cash Flows from Investing Activities:    
Acquisition of property, plant and equipment (280,451) (139,168)
Proceeds from sale of property, plant and equipment 10,000  
Acquisition of intangible assets (10,000)  
Purchase of marketable securities (148,692) (1,193,419)
Proceeds from sale and maturity of investments 4,430,892 3,516,000
Net Cash Provided by Investing Activities 4,001,749 2,183,413
Cash Flows from Financing Activities:    
Payments in capital lease obligation (4,419) (14,034)
Dividends paid (1,481,433) (1,481,433)
Net Cash (Used in) Financing Activities (1,485,852) (1,495,467)
Net Increase (Decrease) in Cash 2,911,880 (385,244)
Cash and Cash Equivalents at Beginning of Period 7,699,615 8,064,255
Cash and Cash Equivalents at End of Period 10,611,495 7,679,011
Cash paid during the period for:    
Interest 259 703
Income taxes 72,499 2,690
Schedule of Non Cash Financing Activities:    
Conversion of deposit to intangible asset 100,000  
Dividends declared $ 1,481,433 $ 1,481,433