Annual report pursuant to Section 13 and 15(d)

Impact of Superstorm Sandy (Tables)

v2.4.0.8
Impact of Superstorm Sandy (Tables)
12 Months Ended
Nov. 30, 2013
Risks and Uncertainties [Abstract]  
Components of Loss
The Company incurred a total net loss of $128,554 as a result of Superstorm Sandy that is recorded in the results for the year ended November 30, 2012. The following chart shows the components of the loss:
Superstorm Sandy Losses
For the year ended November 30, 2012
Inventory at Cost
$
437,088

Loss on Disposal of Assets Destroyed
79,893

Cleanup & Water Removal Costs
327,641

Leased Office Equipment Destroyed
145,661

Other Expenses
138,271

 
 
Total Expenses
1,128,554

Less: Insurance Proceeds
1,000,000

 
 
Net Loss
$
128,554