| Schedule of Disposal Groups, Including Discontinued Operations Additional Disclosures |
The following table summarizes those components of the statement of operations for discontinued brands for the twelve months ended November 30, 2014,2013 and 2012:
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Twelve Months Ended November 30, |
|
2014 |
|
Mega |
GP |
Total |
Net Sales |
$ |
291,652 |
|
$ |
(3,357,104 |
) |
$ |
(3,065,452 |
) |
Loss before Benefit from Income Taxes |
(3,454,184 |
) |
(6,193,288 |
) |
(9,647,472 |
) |
Benefit from Income Tax |
(1,307,360 |
) |
(2,344,071 |
) |
(3,651,431 |
) |
Net Loss |
$ |
(2,146,824 |
) |
$ |
(3,849,217 |
) |
$ |
(5,996,041 |
) |
Loss per Share: |
|
|
|
Basic |
$ |
(0.31 |
) |
$ |
(0.55 |
) |
$ |
(0.86 |
) |
Diluted |
$ |
(0.31 |
) |
$ |
(0.55 |
) |
$ |
(0.86 |
) |
Weighted average shares outstanding |
|
|
Basic |
7,006,684 |
|
7,006,684 |
|
7,006,684 |
|
Diluted |
7,006,684 |
|
7,006,684 |
|
7,006,684 |
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Twelve Months Ended November 30, |
|
|
2013 |
|
|
Mega |
GP |
Total |
Net Sales |
$ |
6,610,539 |
|
$ |
3,415,685 |
|
$ |
10,026,224 |
|
Income (loss) before Provision for (Benefit from) Income Taxes |
579,812 |
|
(4,811,971 |
) |
$ |
(4,232,159 |
) |
Provision for (Benefit from) Income Tax |
212,378 |
|
(1,762,571 |
) |
$ |
(1,550,193 |
) |
Net Income (Loss) |
$ |
367,434 |
|
$ |
(3,049,400 |
) |
$ |
(2,681,966 |
) |
Earnings (loss) per Share: |
|
|
|
Basic |
$ |
0.05 |
|
$ |
(0.43 |
) |
$ |
(0.38 |
) |
Diluted |
$ |
0.05 |
|
$ |
(0.43 |
) |
$ |
(0.38 |
) |
Weighted average shares outstanding |
|
|
|
Basic |
7,037,694 |
|
7,037,694 |
|
7,037,694 |
|
Diluted |
7,037,694 |
|
7,037,694 |
|
7,037,694 |
|
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Twelve Months Ended November 30, |
|
|
2012 |
|
|
Mega |
GP |
Total |
Net Sales |
$ |
10,270,646 |
|
$ |
10,558,062 |
|
$ |
20,828,708 |
|
Income before Provision for Income Taxes |
3,692,157 |
|
1,859,607 |
|
5,551,764 |
|
Provision for Income Tax |
1,871,654 |
|
942,685 |
|
2,814,339 |
|
Net Income |
$ |
1,820,503 |
|
$ |
916,922 |
|
$ |
2,737,425 |
|
Earnings per Share: |
|
|
|
Basic |
$ |
0.26 |
|
$ |
0.13 |
|
$ |
0.39 |
|
Diluted |
$ |
0.26 |
|
$ |
0.13 |
|
$ |
0.39 |
|
Weighted average shares outstanding |
|
|
Basic |
7,054,442 |
|
7,054,442 |
|
7,054,442 |
|
Diluted |
7,054,442 |
|
7,054,442 |
|
7,054,442 |
|
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