Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations

v3.8.0.1
Discontinued Operations
9 Months Ended
Aug. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS
DISCONTINUED OPERATIONS
The Company discontinued the Gel Perfect color nail polish business effective as of May 31, 2014. The Gel Perfect brand had declining sales in fiscal 2013 and fiscal 2014. The brand has been recorded as discontinued operations and are reflected as such in the Company's statement of operations.
There has been no discontinued operations in fiscal 2017. The following table summarizes those components of the statement of operations for the discontinued brand, which contains additional returns for the nine months ended August 31, 2016:


 
Three Months Ended
Nine Months Ended
 
August 31, 2017
 
August 31, 2016
August 31, 2017
 
August 31, 2016
Revenues:
 
 
 
 
 
 
Sales of health and beauty-aid products-net
$

 
$

$

 
$
(20,600
)
Total revenues

 


 
(20,600
)
Costs and Expenses:
 
 
 
 
 
 
Cost of sales

 


 

Selling, general and administrative expenses

 


 

Advertising, cooperative and promotions

 


 

Total expenses

 


 

( Loss) before (benefit from) income taxes

 


 
(20,600
)
(Benefit from) income taxes

 


 
(7,704
)
(Loss) from Discontinued Operations
$

 
$

$

 
$
(12,896
)