Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
Feb. 28, 2014
Nov. 30, 2013
Current assets    
Cash & cash equivalents $ 2,731,126 $ 3,199,020
Short term investments & marketable securities 369,900 1,112,440
Accounts receivable, net of allowances of $828,067 and $1,081,278, respectively 5,265,058 5,473,452
Inventories, net of reserve for inventory obsolescence of $2,833,739 and $3,030,306, respectively 8,384,046 8,607,567
Prepaid expenses and sundry receivables 437,163 424,626
Prepaid and refundable income taxes 677,389 678,889
Deferred income taxes 3,529,778 2,668,747
Total Current Assets 21,394,460 22,164,741
Property and equipment, net of accumulated depreciation and amortization 1,411,919 1,489,799
Intangible assets, net of accumulated amortization 757,083 762,193
Deferred income taxes 1,835,564 1,921,016
Other 3,500 8,000
Total Assets 25,402,526 26,345,749
Current Liabilities    
Accounts payable & accrued liabilities 9,631,454 9,246,072
Capital lease obligation - current portion 7,244 7,116
Total current liabilities 9,638,698 9,253,188
Deferred income taxes 1,835,564 1,921,016
Capitalized lease obligations 28,236 30,195
Total Liabilities 9,666,934 9,283,383
Shareholders' Equity    
Preferred stock, $1.00 par, authorized 20,000,000 none issued 0 0
Additional paid-in capital 2,331,749 2,329,049
Retained earnings 13,241,307 14,480,872
Unrealized gains on marketable securities 92,469 182,378
Total Shareholders' Equity 15,735,592 17,062,366
Total Liabilities and Shareholders' Equity 25,402,526 26,345,749
Common stock, $.01 par, authorized 15,000,000 shares, issued and outstanding 6,038,982 and 6,038,982 shares, respectively
    
Shareholders' Equity    
Common Stock, Value, Issued 60,390 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    
Common Stock, Value, Issued $ 9,677 $ 9,677