Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Financial Position

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Consolidated Statements of Financial Position (USD $)
Feb. 28, 2013
Nov. 30, 2012
Current assets    
Cash & cash equivalents $ 6,294,108 $ 9,828,681
Short term investments & marketable securities 2,115,099 2,283,772
Accounts receivable, net of allowances of $1,100,614 and $1,133,561 respectively 9,324,732 8,073,398
Inventories, net of reserve for inventory obsolescence of $598,526 and $671,609, respectively 10,364,698 9,794,448
Insurance Settlements Receivable 0 800,000
Prepaid expenses and sundry receivables 707,996 671,093
Prepaid and refundable income taxes 627,313 745,177
Deferred income taxes 1,824,721 1,242,484
Total Current Assets 31,258,667 33,439,053
Property and Equipment, net of accumulated depreciation and amortization 1,353,624 1,024,901
Intangible Assets, net of accumulated amortization 777,540 782,655
Other 20,000 24,500
Total Assets 33,409,831 35,271,109
Current Liabilities    
Accounts payable & accrued liabilities 10,065,359 10,262,950
Capital lease obligation - current portion 3,904 4,426
Income taxes payable 0 9,440
Dividends payable 0 493,811
Total current liabilities 10,069,263 10,770,627
Deferred tax liability 46,400 239,673
Capitalized lease obligations 12,178 12,833
Total Liabilities 10,127,841 11,023,133
Shareholders' Equity    
Preferred stock, $1.00 par, authorized 20,000,000 none issued 0 0
Additional paid-in capital 2,329,049 2,329,049
Retained earnings 20,797,746 21,813,136
Accumulated other comprehensive income (loss), net of tax 84,651 35,247
Total Shareholders' Equity 23,281,990 24,247,976
Total Liabilities and Shareholders' Equity 33,409,831 35,271,109
Common Stock
    
Shareholders' Equity    
Common Stock, Value, Issued 60,867 60,867
Common Class A
    
Shareholders' Equity    
Common Stock, Value, Issued $ 9,677 $ 9,677