Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 12 Months Ended
Nov. 30, 2012
Nov. 30, 2011
Nov. 30, 2010
Cash Flows from Operating Activities:      
Net Income (Loss) $ 465,452 $ 491,698 $ (1,664,760)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 213,957 205,356 229,476
Change in allowance for bad debts (26,851) 28,452 (106,484)
(Gain) Loss on sale of securities (121,670) (815) 10,481
Loss on write off of fixed assets 79,893      
(Gain) on sale of property, plant, and equipment (5,748)      
Loss on impairment of intangible assets       21,742
Deferred income taxes 455,590 133,122 (778,611)
Change in Operating Assets and Liabilities:      
(Increase) Decrease in accounts receivable (302,947) (1,782,043) 1,729,747
(Increase) in inventories (334,040) (383,174) (749,957)
(Increase) in insurance claim receivable (800,000)    (361,639)
Decrease (increase) in prepaid expenses and miscellaneous receivables 175,994 390,660 (236,969)
(Increase) decrease in prepaid income taxes and refundable income tax (26,346) 280,871 (910,167)
Decrease in other assets 28,300 12,500   
Increase in accounts payable and accrued liabilities 1,696,407 60,265 325,689
(Decrease) increase in income taxes payable (37,792) 47,232 (147,153)
Net Cash Provided By (Used in) Operating Activities 1,460,199 (515,876) (2,638,605)
Cash Flows from Investing Activities:      
Acquisition of property and equipment (766,647) (180,306) (95,058)
Proceeds from sale of property, plant, and equipment 10,000      
Purchase of intangible assets (10,000)      
Purchase of available for sale securities (1,000,046) (1,193,419) (12,637,821)
Proceeds from sale of marketable securities 4,430,892 3,516,000 17,619,057
Net Cash Provided by Investing Activities 2,664,199 2,142,275 4,886,178
Cash Flows from Financing Activities:      
Payments for capital lease obligation (20,088) (15,795) (52,443)
Dividends paid (1,975,244) (1,975,244) (1,975,244)
Net Cash (Used in) Financing Activities (1,995,332) (1,991,039) (2,027,687)
Net Increase (Decrease) In Cash and Cash Equivalents 2,129,066 (364,640) 219,886
Cash and Cash Equivalents at Beginning of Year 7,699,615 8,064,255 7,844,369
Cash and Cash Equivalents at End of Year 9,828,681 7,699,615 8,064,255
Cash paid during the year for:      
Interest 299 860 4,033
Income taxes 72,499 2,670 1,422,836
Supplemental Disclosure of Non-Cash Information:      
Fixed assets acquired by capital leases 29,796      
Conversion of deposit to intangible asset 100,000      
Dividends declared $ 1,975,224 $ 1,975,244 $ 1,975,244