Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) (USD $)
 3 Months Ended
Feb. 28, 2014
Feb. 28, 2013
Cash Flows from Operating Activities:    
Net Income (Loss) $ (1,239,565) $ (1,015,390)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 86,498 71,943
Change in allowance for bad debts (27,143) (29,225)
Share-based Compensation 2,700 0
(Gain) on sale of securities (146,025) 0
Deferred tax (722,993) (658,282)
Change in Operating Assets & Liabilities:    
Decrease (increase) in accounts receivable 235,537 (1,222,109)
Decrease (increase) in inventory 223,521 (570,250)
Decrease in insurance claim receivable 0 800,000
(Increase) in prepaid expenses and other receivables (12,537) (36,903)
Decrease (increase) in prepaid income and refundable income tax 1,500 (28,260)
Decrease in other assets 4,500 4,472
(Decrease) increase in accounts payable and accrued liabilities 385,381 (197,591)
(Decrease) increase in income taxes payable 0 (9,440)
Net Cash Used in Operating Activities (1,208,626) (2,891,035)
Cash Flows from Investing Activities:    
Acquisition of property, plant and equipment (3,509) (395,551)
Proceeds from sale of property, plant and equipment 0 0
Purchase of intangible assets 0 0
Purchase of marketable securities 0 (153,000)
Proceeds from sale and maturity of investments 746,071 400,000
Net Cash Provided by (used in) Investing Activities 742,562 (148,551)
Cash Flows from Financing Activities:    
Increase in capital lease obligation 0 0
Payments for capital lease obligations (1,830) (1,176)
Purchase of Company stock and retirement 0 0
Dividends paid 0 (493,811)
Net Cash (Used in) Financing Activities (1,830) (494,987)
Net (Decrease) in Cash (467,894) (3,534,573)
Cash and Cash Equivalents at Beginning of Period 3,199,020 9,828,681
Cash and Cash Equivalents at End of Period 2,731,126 6,294,108
Cash paid during the period for:    
Interest 615 24
Income taxes $ 500 $ 39,700