Annual report pursuant to Section 13 and 15(d)

Accrued Expenses

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Accrued Expenses
 12 Months Ended
Nov. 30, 2012
Accrued Expenses

NOTE 8—ACCRUED EXPENSES

The following items which exceeded 5% of total current liabilities are included in accrued liabilities as of:

 

      November 30,  
     2012      2011  

Coop advertising

    $ 2,471,174       $ 1,822,527   

Accrued returns

      665,184         1,069,661   

Accrued bonuses

      *         574,323   

Media

      *         514,869   
  

 

 

     

 

 

  
   $ 3,136,358       $ 3,981,380   
  

 

 

     

 

 

  

 

* Did not exceed 5% of total liabilities at November 30, 2012