Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations

v3.5.0.2
Discontinued Operations
 9 Months Ended
Aug. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS
The Company discontinued the Gel Perfect color nail polish business effective as of May 31, 2014. The Gel Perfect brand had declining sales in fiscal 2013 and fiscal 2014. The brand has been recorded as discontinued operations and are reflected as such in the Company's statement of operations.
The following table summarizes those components of the statement of operations for the discontinued brand, which contains additional returns for the three and nine month periods ending August 31, 2016 and 2015:


 
Three Months Ended
Six Months Ended
 
August 31, 2016
 
August 31, 2015
August 31, 2016
 
August 31, 2015
Revenues:
 
 
 
 
 
 
Sales of health and beauty-aid products-net
$
—

 
$
(198,402
)
$
(20,600
)
 
$
88,506

Total revenues
—

 
(198,402
)
(20,600
)
 
88,506

Costs and Expenses:
 
 
 
 
 
 
Cost of sales
—

 
—

—

 
—

Selling, general and administrative expenses
—

 
—

—

 
—

Advertising, cooperative and promotions
—

 
—

—

 
—

Total expenses
—

 
—

—

 
—

( Loss) income before provision for income taxes
—

 
(198,402
)
(20,600
)
 
88,506

(Benefit from) provision for income taxes
—

 
(73,211
)
(7,704
)
 
28,558

(Loss) income from Discontinued Operations
$
—

 
$
(125,191
)
$
(12,896
)
 
$
59,948