Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Nov. 30, 2013
Nov. 30, 2012
Current assets    
Cash & cash equivalents $ 3,199,020 $ 9,828,681
Short term investments & marketable securities 1,112,440 2,283,772
Accounts receivable, net of allowances of $1,081,278 and $1,133,561, respectively 5,473,452 8,073,398
Inventories, net of reserve for inventory obsolescence of $3,030,306 and $671,609, respectively 8,607,567 9,794,448
Insurance claims receivable 0 800,000
Prepaid expenses and sundry receivables 424,626 671,093
Prepaid and refundable income taxes 678,889 745,177
Deferred income taxes 2,668,747 1,242,484
Total Current Assets 22,164,741 33,439,053
Property and Equipment, net of accumulated depreciation and amortization 1,489,799 1,024,901
Intangible Assets, net of accumulated amortization 762,193 782,655
Deferred income taxes 1,921,016 0
Other 8,000 24,500
Total Assets 26,345,749 35,271,109
Current Liabilities    
Accounts payable & accrued liabilities 9,246,072 10,262,950
Capital lease obligation - current portion 7,116 4,426
Income taxes payable 0 9,440
Dividends payable 0 493,811
Total current liabilities 9,253,188 10,770,627
Deferred income taxes 0 239,673
Capitalized lease obligations 30,195 12,833
Total Liabilities 9,283,383 11,023,133
Shareholders' Equity    
Preferred stock, $1.00 par, authorized 20,000,000 none issued 0 0
Additional paid-in capital 2,329,049 2,329,049
Retained earnings 14,480,872 21,813,136
Unrealized gains on marketable securities 182,378 35,247
Total Shareholders' Equity 17,062,366 24,247,976
Total Liabilities and Shareholders' Equity 26,345,749 35,271,109
Common stock, $.01 par, authorized 15,000,000 shares, issued and outstanding 6,038,982 and 6,086,740 shares, respectively
    
Shareholders' Equity    
Common Stock, Value, Issued 60,390 60,867
Class A common stock, $.01 par, authorized 5,000,000 shares, issued and outstanding 967,702 and 967,702 shares, respectively
    
Shareholders' Equity    
Common Stock, Value, Issued $ 9,677 $ 9,677