Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.5.0.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Aug. 31, 2016
Aug. 31, 2015
Aug. 31, 2016
Aug. 31, 2015
Revenues:        
Sales of health and beauty aid products - net $ 5,036,658 $ 7,055,399 $ 15,392,107 $ 20,674,878
Other income 4,535 24,274 13,281 32,544
Total Revenues 5,041,193 7,079,673 15,405,388 20,707,422
Costs and Expenses:        
Cost of sales 2,309,056 2,704,117 6,245,909 7,942,917
Selling, general and administrative expenses 1,836,891 2,802,437 5,860,150 8,934,651
Advertising, cooperative and promotional expenses 241,335 836,373 1,219,353 3,286,204
Research and development 9,571 17,710 44,498 58,340
Bad debt (recovery) expense (4,584) (2,356) 22,715 (13,467)
Interest expense - related party 0 438,144 3,085 1,288,439
Interest expense 132,531 4,286 474,074 14,904
Total Costs and Expenses 4,524,800 6,800,711 13,869,784 21,511,988
Restructuring costs 0 (29,507) 0 1,467,835
Total Costs and Expenses 4,524,800 6,771,204 13,869,784 22,979,823
Income (loss) before provision for (benefit from) income taxes 516,393 308,469 1,535,604 (2,272,401)
Provision for (benefit from) income taxes 195,026 133,389 574,289 (733,231)
Income (Loss) from Continuing Operations 321,367 175,080 961,315 (1,539,170)
Discontinued Operations        
(Loss) income from Discontinued Operations 0 (198,402) (20,600) 88,506
(Benefit from) provision for income taxes 0 (73,211) (7,704) 28,558
(Loss) Income from Discontinued Operations 0 (125,191) (12,896) 59,948
Net Income (Loss) $ 321,367 $ 49,889 $ 948,419 $ (1,479,222)
Basic        
Continuing Operations (usd per share) $ 0.05 $ 0.02 $ 0.14 $ (0.22)
Discontinued Operations (usd per share) 0 (0.02) 0 0.01
Income (Loss) (usd per share) 0.05 0 0.14 (0.21)
Diluted        
Continuing Operations (usd per share) 0.05 0.02 0.14 (0.22)
Discontinued Operations (usd per share) 0 (0.02) 0 0.01
Income (Loss) (usd per share) $ 0.05 $ 0 $ 0.14 $ (0.21)
Weighted Average Common Shares Outstanding        
Basic (shares) 7,006,684 7,006,684 7,006,684 7,006,684
Diluted (shares) 7,048,011 7,006,684 7,074,893 7,006,684