Balance Sheet

v3.10.0.1
Consolidated Balance Sheets - USD ($)
May 31, 2018
Nov. 30, 2017
Current assets:    
Cash and cash equivalents $ 90,534 $ 140,243
Accounts receivable, net of allowances of $1,010,722 and $540,361, respectively 2,859,056 2,585,517
Inventories, net 2,397,686 1,878,831
Prepaid expenses and sundry receivables 949,595 642,000
Prepaid and refundable income taxes 0 38,153
Total Current Assets 6,296,871 5,284,744
Property and equipment, net of accumulated depreciation 138,185 140,929
Intangible assets, net of accumulated amortization 436,805 432,320
Deferred financing fees, net of accumulated amortization 201,552 133,322
Deferred income taxes 6,453,093 9,502,319
Other 436,745 436,825
Total Assets 13,963,251 15,930,459
Current Liabilities:    
Accounts payable and accrued liabilities 3,961,231 3,617,543
Income tax payable 3,534 0
Line of credit 271,637 2,016,355
Note payable - current portion 375,000  
Total Current Liabilities 4,611,402 5,633,898
Long term accrued liabilities 244,864 220,509
Notes payable 1,031,250  
Long term - other 168,859 168,859
Total Liabilities 6,056,375 6,023,266
Shareholders' Equity:    
Preferred stock, $1.00 par, authorized 20,000,000 none issued 0 0
Additional paid-in capital 5,895,706 4,387,543
Retained earnings 1,936,603 5,449,583
Total Shareholders' Equity 7,906,876 9,907,193
Total Liabilities and Shareholders' Equity 13,963,251 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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