| QUARTERLY RESULTS |
QUARTERLY RESULTS
The following financial data is a summary of the quarterly results of operations (unaudited) during and for the years ended November 30, 2014 and 2013:
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Three Months Ended |
Fiscal 2014 |
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Feb. 28 |
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May 31 |
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Aug. 31 |
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Nov. 30 |
Net Sales |
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$ |
8,068,006 |
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|
$ |
8,761,946 |
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|
$ |
7,807,019 |
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$ |
5,483,328 |
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Total Revenue |
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8,304,928 |
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|
8,769,567 |
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|
8,017,261 |
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|
5,486,789 |
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Cost of Sales |
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1,326,852 |
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5,338,683 |
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4,069,779 |
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2,894,912 |
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Gross Profit |
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6,741,154 |
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3,423,263 |
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3,737,240 |
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2,588,416 |
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Income (Loss) from Continued Operations |
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$ |
2,750,295 |
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$ |
(1,678,514 |
) |
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$ |
(199,110 |
) |
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$ |
(3,676,099 |
) |
(Loss) Income from Discontinued Operations |
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$ |
(3,838,474 |
) |
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$ |
(2,458,192 |
) |
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$ |
887,221 |
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$ |
(586,596 |
) |
Net (Loss) Income |
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$ |
(1,088,179 |
) |
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$ |
(4,136,706 |
) |
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$ |
688,111 |
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$ |
(4,262,695 |
) |
Earnings (Loss) Per Share: |
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Basic |
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Continuing Operations |
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$ |
0.39 |
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$ |
(0.24 |
) |
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$ |
(0.03 |
) |
|
$ |
(0.52 |
) |
Discontinued Operations |
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$ |
(0.55 |
) |
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$ |
(0.35 |
) |
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$ |
0.13 |
|
|
$ |
(0.08 |
) |
Total (loss) earnings per share |
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$ |
(0.16 |
) |
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$ |
(0.59 |
) |
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$ |
0.10 |
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$ |
(0.60 |
) |
Diluted |
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Continuing Operations |
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$ |
0.39 |
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$ |
(0.24 |
) |
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$ |
(0.03 |
) |
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$ |
(0.52 |
) |
Discontinued Operations |
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$ |
(0.55 |
) |
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$ |
(0.35 |
) |
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$ |
0.13 |
|
|
$ |
(0.08 |
) |
Total (loss) earnings per share |
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$ |
(0.16 |
) |
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$ |
(0.59 |
) |
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$ |
0.10 |
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$ |
(0.60 |
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Three Months Ended |
Fiscal 2013 |
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Feb. 28 |
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May 31 |
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Aug. 31 |
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Nov. 30 |
Net Sales |
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$ |
5,440,940 |
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$ |
10,624,013 |
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$ |
7,184,900 |
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$ |
5,513,516 |
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Total Revenue |
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5,443,638 |
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10,679,745 |
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7,176,984 |
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5,526,796 |
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Cost of Sales |
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787,924 |
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4,813,126 |
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3,432,693 |
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3,268,613 |
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Gross Profit |
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4,653,016 |
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5,810,887 |
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3,752,207 |
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|
2,244,903 |
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(Loss) Income from Continued Operations |
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$ |
(905,561 |
) |
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$ |
486,563 |
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$ |
(929,300 |
) |
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$ |
(2,162,984 |
) |
(Loss) Income from Discontinued Operations |
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$ |
(109,830 |
) |
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$ |
(643,399 |
) |
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$ |
136,408 |
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$ |
(2,065,145 |
) |
Net Loss |
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$ |
(1,015,391 |
) |
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$ |
(156,836 |
) |
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$ |
(792,892 |
) |
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$ |
(4,228,129 |
) |
Earnings (Loss) Per Share: |
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Basic |
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Continuing Operations |
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$ |
(0.13 |
) |
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$ |
0.07 |
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$ |
(0.13 |
) |
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$ |
(0.31 |
) |
Discontinued Operations |
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$ |
(0.02 |
) |
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$ |
(0.09 |
) |
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$ |
0.02 |
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$ |
(0.29 |
) |
Total (loss) per share |
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$ |
(0.15 |
) |
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$ |
(0.02 |
) |
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$ |
(0.11 |
) |
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$ |
(0.60 |
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Diluted |
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Continuing Operations |
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$ |
(0.13 |
) |
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$ |
0.07 |
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$ |
(0.13 |
) |
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$ |
(0.31 |
) |
Discontinued Operations |
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$ |
(0.02 |
) |
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$ |
(0.09 |
) |
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$ |
0.02 |
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$ |
(0.29 |
) |
Total (loss) per share |
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$ |
(0.15 |
) |
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$ |
(0.02 |
) |
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$ |
(0.11 |
) |
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$ |
(0.60 |
) |
The Company discontinued the Gel Perfect nail polish brand and sold the Mega-T dietary supplement brand, both of which are reported as discontinued operations in the statement of operations for the each of the quarters for the years in fiscal 2014 and 2013.
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