Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Financial Position

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Consolidated Statements of Financial Position (USD $)
May 31, 2013
Nov. 30, 2012
Current assets    
Cash & cash equivalents $ 5,756,460 $ 9,828,681
Short term investments & marketable securities 2,174,025 2,283,772
Accounts receivable, net of allowances of $930,569 and $1,133,561 respectively 8,130,773 8,073,398
Inventories, net of reserve for inventory obsolescence of $531,576 and $671,609, respectively 11,134,161 9,794,448
Insurance Settlements Receivable 340,386 800,000
Prepaid expenses and sundry receivables 932,577 671,093
Prepaid and refundable income taxes 751,377 745,177
Deferred income taxes 1,740,157 1,242,484
Total Current Assets 30,959,916 33,439,053
Property and Equipment, net of accumulated depreciation and amortization 1,525,718 1,024,901
Intangible Assets, net of accumulated amortization 772,424 782,655
Other 17,000 24,500
Total Assets 33,275,058 35,271,109
Current Liabilities    
Accounts payable & accrued liabilities 10,526,417 10,262,950
Capital lease obligation - current portion 3,382 4,426
Income taxes payable 0 9,440
Dividends payable 0 493,811
Total current liabilities 10,529,799 10,770,627
Deferred tax liability 65,213 239,673
Capitalized lease obligations 11,506 12,833
Total Liabilities 10,606,518 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 20,147,099 21,813,136
Accumulated other comprehensive income (loss), net of tax 121,848 35,247
Total Shareholders' Equity 22,668,540 24,247,976
Total Liabilities and Shareholders' Equity 33,275,058 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