Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Financial Position

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Consolidated Statements of Financial Position (USD $)
May 31, 2012
Nov. 30, 2011
Current assets    
Cash & cash equivalents $ 6,255,917 $ 7,699,615
Short term investments & marketable securities 2,760,750 2,361,996
Accounts receivable, net of allowances of $1,311,489 and $997,833 respectively 8,701,502 7,743,601
Inventories, net of reserve for inventory obsolescence of $522,560 and $892,226, respectively 11,382,430 9,460,408
Prepaid expenses and sundry receivables 621,962 947,087
Prepaid and refundable income taxes 485,537 718,828
Deferred income taxes 1,501,119 1,738,949
Total Current Assets 31,709,217 30,670,484
Property and Equipment, net of accumulated depreciation and amortization 492,097 526,100
Intangible Assets, net of accumulated amortization 782,886 673,117
Other assets    
Marketable securities 2,513,950 2,983,026
Other 52,800 52,800
Total other assets 2,566,750 3,035,826
Total Assets 35,550,950 34,905,527
Current Liabilities    
Accounts payable & accrued liabilities 9,810,619 8,566,544
Capital lease obligation - current portion 4,450 5,577
Income taxes payable 28,997 47,232
Dividends payable 493,811 493,811
Total current liabilities 10,337,877 9,113,164
Deferred tax liability 57,270 182,339
Capitalized lease obligations 0 1,973
Total Liabilities 10,395,147 9,297,476
Shareholders' Equity    
Preferred stock, $1.00 par, authorized 20,000,000 none issued      
Common stock, value 60,867 60,867
Additional paid-in capital 2,329,049 2,329,049
Retained earnings 22,724,940 23,322,928
Accumulated other comprehensive income (loss), net of tax 31,270 (114,470)
Total Shareholders' Equity 25,155,803 25,608,051
Total Liabilities and Shareholders' Equity 35,550,950 34,905,527
Class A Common Stock
    
Shareholders' Equity    
Common stock, value $ 9,677 $ 9,677