Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEET

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CONSOLIDATED BALANCE SHEET (USD $)
Nov. 30, 2012
Nov. 30, 2011
Current Assets    
Cash and cash equivalents $ 9,828,681 $ 7,699,615
Short-term investments and marketable securities (Notes 2 and 3) 2,283,772 2,361,996
Accounts receivable, net of allowances of $1,133,561 and $997,833, respectively 8,073,398 7,743,601
Inventories, net of reserve for inventory obsolescence of $671,609 and $892,226, respectively (Notes 2 and 4) 9,794,448 9,460,408
Insurance claim receivable (Note 5) 800,000   
Prepaid expenses and sundry receivables 671,093 947,087
Prepaid and refundable income taxes (Note 10) 745,177 718,828
Deferred income taxes (Note 10) 1,242,484 1,738,949
Total Current Assets 33,439,053 30,670,484
Property and equipment, net of accumulated depreciation and amortization (Notes 2 and 6) 1,024,901 526,100
Intangible assets, net of accumulated amortization (Notes 2 and 7) 782,655 673,117
Other assets    
Marketable securities (Notes 2 and 3)    2,983,026
Other 24,500 52,800
Total Other Assets 24,500 3,035,826
Total Assets 35,271,109 34,905,527
Current Liabilities    
Accounts payable and accrued liabilities (Note 8) 10,262,950 8,566,544
Capitalized lease obligations 4,426 5,577
Income taxes payable (Note 10) 9,440 47,232
Dividends payable (Note 1 1) 493,811 493,811
Total Current Liabilities 10,770,627 9,113,164
Deferred income tax liability (Note 10) 239,673 182,339
Capitalized lease obligations - long term 12,833 1,973
Total Liabilities 11,023,133 9,297,476
Commitments and Contingencies (Note 11)      
Shareholders' Equity    
Preferred stock, $1.00 par; authorized 20,000,000 shares; none issued      
Additional paid-in capital 2,329,049 2,329,049
Retained earnings 21,813,136 23,322,928
Unrealized gains (losses) on marketable securities (Note 3) 35,247 (114,470)
Total Shareholders' Equity 24,247,976 25,608,051
Total Liabilities and Shareholders' Equity 35,271,109 34,905,527
Common Stock [Member]
    
Shareholders' Equity    
Common stock 60,867 60,867
Total Shareholders' Equity 70,544 70,544
Common Class A [Member]
    
Shareholders' Equity    
Common stock $ 9,677 $ 9,677