Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
 12 Months Ended
Nov. 30, 2013
Nov. 30, 2012
Nov. 30, 2011
Cash Flows from Operating Activities:      
Net Income (Loss) $ (6,193,248) $ 465,452 $ 491,698
Adjustments to reconcile net (loss) income to cash (used in) provided by operating activities:      
Depreciation and amortization 324,212 213,957 205,356
Change in allowance for bad debts 55,204 (26,851) 28,452
Loss (Gain) on sale of securities 4,518 (121,670) (815)
Loss on write off of fixed assets 0 79,893 0
(Gain) on sale of property, plant and equipment 0 (5,748) 0
Deferred income taxes (3,673,004) 455,590 133,122
Change in Operating Assets & Liabilities:      
Decrease (increase) in accounts receivable 2,544,742 (302,947) (1,782,043)
Decrease (increase) in inventory 1,186,881 (334,040) (383,174)
Decrease (increase) in insurance claim receivable 800,000 (800,000) 0
Decrease (increase) in prepaid expenses and other receivables 246,467 175,994 390,660
Decrease in prepaid income and refundable income tax 66,288 (26,346) 280,871
Decrease in other assets 16,500 28,300 12,500
(Decrease) increase in accounts payable and accrued liabilities (1,016,882) 1,696,407 60,265
(Decrease) increase in income taxes payable (9,440) (37,792) 47,232
Net Cash (Used in) Provided by Operating Activities (5,647,762) 1,460,199 (515,876)
Cash Flows from Investing Activities:      
Acquisition of property, plant and equipment (742,608) (766,647) (180,306)
Proceeds from sale of property, plant and equipment 0 10,000 0
Purchase of intangible assets 0 (10,000) 0
Purchase of marketable securities (153,000) (1,000,046) (1,193,419)
Proceeds from sale and maturity of investments 1,553,000 4,430,892 3,516,000
Net Cash Provided by Investing Activities 657,392 2,664,199 2,142,275
Cash Flows from Financing Activities:      
Payments for capital lease obligations (5,987) (20,088) (15,795)
Purchase of Company stock and retirement (155,214) 0 0
Dividends paid (1,478,090) (1,975,244) (1,975,244)
Net Cash (Used in) Financing Activities (1,639,291) (1,995,332) (1,991,039)
Net (Decrease) increase in Cash (6,629,661) 2,129,066 (364,640)
Cash and Cash Equivalents at Beginning of Period 9,828,681 7,699,615 8,064,255
Cash and Cash Equivalents at End of Period 3,199,020 9,828,681 7,699,615
Cash paid during the period for:      
Interest 2,249 299 860
Income taxes 40,200 72,499 2,670
Schedule of Non Cash Financing Activities:      
Fixed assets acquired by capital leases 26,040 29,796 0
Conversion of deposit to intangible asset 0 100,000 0
Dividends declared $ 984,279 $ 1,975,244 $ 1,975,244