Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) (USD $)
 6 Months Ended
May 31, 2013
May 31, 2012
Cash Flows from Operating Activities:    
Net Income (Loss) $ (1,172,226) $ 389,634
Adjustments to reconcile net (loss) income to Net cash provided by (used in) operating activities:    
Depreciation and amortization 155,321 110,435
Change in allowance for bad debts (26,680) (33,589)
Loss on sale of securities 0 4,416
Deferred income taxes (722,783) 14,407
Change in Operating Assets & Liabilities:    
(Increase) in accounts receivable (30,695) (924,312)
(Increase) in inventory (1,339,713) (1,922,022)
Decrease in insurance claim receivable 459,614 0
(Increase) decrease in prepaid expenses and miscellaneous receivables (261,484) 225,125
(Increase) decrease in prepaid income and refundable income tax (6,200) 233,294
Decrease in other assets 7,500 0
Increase in accounts payable and accrued liabilities 263,466 1,244,075
(Decrease) increase in income taxes payable (9,440) (18,235)
Net Cash Provided by (Used in) Operating Activities (2,683,320) (676,772)
Cash Flows from Investing Activities:    
Acquisition of property, plant and equipment (645,910) (76,202)
Acquisition of intangible assets 0 (10,000)
Purchase of marketable securities (153,000) 0
Proceeds from sale and maturity of investments 400,000 310,000
Net Cash (Used in) Provided by Investing Activities (398,910) 223,798
Cash Flows from Financing Activities:    
Repayments of Long-term Capital Lease Obligations (2,369) (3,102)
Dividends paid (987,622) (987,622)
Net Cash (Used in) Financing Activities (989,991) (990,724)
Net Increase (Decrease) in Cash (4,072,221) (1,443,698)
Cash and Cash Equivalents at Start of Period 9,828,681 7,699,615
Cash and Cash Equivalents at End of Period 5,756,460 6,255,917
Cash paid during the period for:    
Interest Paid, Net 461 197
Income Taxes Paid, Net 500 37,099
Schedule of Non Cash Financing Activities:    
Dividends declared $ 493,811 $ 987,622