Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations

v3.3.1.900
Discontinued Operations
3 Months Ended
Feb. 29, 2016
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS
DISCONTINUED OPERATIONS
The Company discontinued the Gel Perfect color nail polish business effective as of May 31, 2014. The Gel Perfect brand had declining sales in fiscal 2013 and fiscal 2014. The brand has been recorded as discontinued operations and are reflected as such in the Company's statement of operations.
The following table summarizes those components of the statement of operations for the discontinued brand, which contains additional returns for the three months ended February 29, 2016:
 
Three Months Ended
 
Three Months Ended
February 29, 2016
 
February 28, 2015
Net Sales
$
(9,096
)
 
$

 
 
 
 
Loss before Provision for
 
 
 
  Income Taxes
(9,096
)
 

 
 
 
 
Provision for Income Tax
(3,525
)
 

 
 
 
 
Net Loss
$
(5,571
)
 
$

 
 
 
 
Earnings (loss) per Share:
 
 
 
      Basic
$

 
$

      Diluted
$


$

 
 
 
 
Weighted average shares outstanding
 
 
 
Basic
7,006,684

 
7,006,684

Diluted
7,047,765

 
7,155,242