Balance Sheet

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
Feb. 28, 2018
Nov. 30, 2017
Current assets:    
Cash and cash equivalents $ 1,128,231 $ 140,243
Accounts receivable, net of allowances of $474,467 and $540,361, respectively 2,439,405 2,585,517
Inventories, net 2,227,990 1,878,831
Prepaid expenses and sundry receivables 886,137 642,000
Prepaid and refundable income taxes 35,479 38,153
Total Current Assets 6,717,242 5,284,744
Property and equipment, net 148,484 140,929
Intangible assets, net 432,512 432,320
Deferred financing fees, net 124,121 133,322
Deferred income taxes 6,394,664 9,502,319
Other 436,745 436,825
Total Assets 14,253,768 15,930,459
Current Liabilities:    
Accounts payable and accrued liabilities 4,194,533 3,617,543
Line of credit 0 2,016,355
Note payable - current portion 375,000  
Total Current Liabilities 4,569,533 5,633,898
Note payable 1,125,000 0
Long term accrued liabilities 244,864 220,509
Long term - other 168,859 168,859
Total Liabilities 6,108,256 6,023,266
Shareholders' Equity:    
Preferred stock, $1.00 par, authorized 20,000,000 none issued 0 0
Additional paid-in capital 5,842,021 4,387,543
Retained earnings 2,228,924 5,449,583
Total Shareholders' Equity 8,145,512 9,907,193
Total Liabilities and Shareholders' Equity 14,253,768 15,930,459
Common stock, $.01 par, authorized 15,000,000 shares, issued and outstanding 6,488,982 and 6,038,982 shares, respectively    
Shareholders' Equity:    
Value of common stock issued 64,890 60,390
Class A common stock, $.01 par, authorized 5,000,000 shares, issued and outstanding 967,702 and 967,702 shares, respectively    
Shareholders' Equity:    
Value of common stock issued $ 9,677 $ 9,677

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