Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.8.0.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Nov. 30, 2017
Nov. 30, 2016
Nov. 30, 2015
Revenues:      
Sales of health and beauty aid products - net $ 19,813,262 $ 19,610,234 $ 24,753,950
Other income 16,836 18,510 35,605
Total Revenues 19,830,098 19,628,744 24,789,555
Costs and Expenses:      
Cost of sales 7,447,776 8,158,099 10,445,369
Selling, general and administrative expenses 7,052,219 7,434,389 11,574,045
Advertising, cooperative and promotional expenses 1,769,748 1,219,413 3,524,074
Research and development 58,920 46,382 75,208
Bad debt (recovery) expense (9,172) 37,503 (20,730)
Interest expense - related party 0 3,085 1,735,967
Interest expense 505,872 588,656 15,157
Total Costs and Expenses before Restructuring 16,825,363 17,487,527 27,349,090
Restructuring Cost 0 0 2,289,406
Total Costs and Expenses before Restructuring 16,825,363 17,487,527 29,638,496
Income (loss) before provision for (benefit from) Income Taxes 3,004,735 2,141,217 (4,848,941)
Provision for (benefit from) Income Taxes 1,173,554 948,533 (1,592,309)
Income (loss) from Continuing Operations 1,831,181 1,192,684 (3,256,632)
Discontinued Operations      
(Loss) Income from discontinued operations 0 (20,600) 18,494
(Benefit from) provision for Income Taxes 0 (9,126) 6,073
(Loss) Income from Discontinued Operations 0 (11,474) 12,421
Net Income (Loss) $ 1,831,181 $ 1,181,210 $ (3,244,211)
Net Income (Loss) per Share: Basic      
Continuing Operations (usd per share) $ 0.26 $ 0.17 $ (0.46)
Discontinued Operations (usd per share) 0 0 0
Net income (loss) per share (usd per share) 0.26 0.17 (0.46)
Net Income (Loss) per Share: Diluted      
Continuing Operations (usd per share) 0.26 0.17 (0.46)
Discontinued Operations (usd per share) 0 0 0
Net income (loss) per share (usd per share) $ 0.26 $ 0.17 $ (0.46)
Weighted Average Shares Outstanding:      
Basic (shares) 7,006,684 7,006,684 7,006,684
Diluted (shares) 7,006,684 7,021,764 7,006,684