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Consolidated Statements of Operations (Unaudited) (USD $)
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3 Months Ended | 6 Months Ended | ||
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May 31, 2014
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May 31, 2013
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May 31, 2014
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May 31, 2013
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| Revenues: | ||||
| Sales of health and beauty aid products - net | $ 8,761,946 | $ 10,624,013 | $ 16,023,232 | $ 19,907,242 |
| Other income | 7,621 | 55,732 | 244,543 | 58,430 |
| Total Revenues | 8,769,567 | 10,679,745 | 16,267,775 | 19,965,672 |
| Costs and Expenses: | ||||
| Cost of sales | 5,338,683 | 4,813,126 | 9,094,857 | 9,029,657 |
| Selling, general and administrative expenses | 3,871,226 | 4,599,594 | 7,517,964 | 10,058,846 |
| Advertising, cooperative and promotional expenses | 2,051,346 | 263,713 | 2,989,338 | 1,991,974 |
| Research and development | 137,519 | 179,458 | 264,214 | 346,613 |
| Bad debt expense (recovery) | 4,803 | 2,545 | (22,340) | (26,680) |
| Interest expense | 912 | 438 | 1,527 | 462 |
| Total Costs and Expenses | 11,404,489 | 9,858,874 | 19,845,560 | 21,400,872 |
| Restructuring Costs | 16,525 | 0 | 563,572 | 0 |
| Total Costs and Expenses | 11,421,014 | 9,858,874 | 20,409,132 | 21,400,872 |
| (Loss) Income before (Benefit from) Provision for Income Taxes | (2,651,447) | 820,871 | (4,141,357) | (1,435,200) |
| (Benefit from) Provision for income taxes | (972,933) | 334,308 | (1,520,663) | (536,444) |
| (Loss) Income from Continuing Operations | (1,678,514) | 486,563 | (2,620,694) | (898,756) |
| Discontinued Operations | ||||
| (Loss) from Operations of Discontinued Gel Perfect Brand | (3,883,058) | (1,019,649) | (4,354,506) | (436,698) |
| (Benefit from) income taxes | (1,424,866) | (376,250) | (1,598,929) | (163,228) |
| (Loss) from Discontinued Operations | (2,458,192) | (643,399) | (2,755,577) | (273,470) |
| Net (Loss) | $ (4,136,706) | $ (156,836) | $ (5,376,271) | $ (1,172,226) |
| Basic | ||||
| Continuing Operations (usd per share) | $ (0.24) | $ 0.07 | $ (0.37) | $ (0.13) |
| Discontinued Operations (usd per share) | $ (0.35) | $ (0.09) | $ (0.39) | $ (0.04) |
| Loss (usd per share) | $ (0.59) | $ (0.02) | $ (0.76) | $ (0.17) |
| Diluted | ||||
| Continuing Operations (usd per share) | $ (0.24) | $ 0.07 | $ (0.37) | $ (0.13) |
| Discontinued Operations (usd per share) | $ (0.35) | $ (0.09) | $ (0.39) | $ (0.04) |
| Loss (usd per share) | $ (0.59) | $ (0.02) | $ (0.76) | $ (0.17) |
| Weighted Average Common Shares Outstanding | ||||
| Basic (shares) | 7,006,684 | 7,054,442 | 7,006,684 | 7,054,442 |
| Diluted (shares) | 7,006,684 | 7,054,442 | 7,006,684 | 7,054,442 |
| X | ||||||||||
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- Definition
total costs and expense after restructuring No definition available.
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- Definition
Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of gain (loss), after tax expense or benefit and not previously recognized, resulting from the sale of a business component. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Overall income (loss) from a disposal group that is classified as a component of the entity, before income tax, reported as a separate component of income before extraordinary items. Includes the following (before income tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
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- Definition
Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
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- Definition
Tax effect allocated to a disposal group that is classified as a component of the entity reported as a separate component of income before extraordinary items. Includes the tax effects of the following: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenues from the sale of other goods or rendering of other services, not elsewhere specified in the taxonomy; net of (reduced by) sales adjustments, returns, allowances, and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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