Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Feb. 28, 2017
Nov. 30, 2016
Current Assets    
Cash and cash equivalents $ 3,507,270 $ 3,499,881
Marketable securities 476,456 624,223
Accounts receivable (net of allowance for doubtful accounts of $2,305,459 and $2,278,862, respectively) 4,449,511 4,052,728
Prepaid expenses 459,952 395,501
Inventory, net 285,961 361,142
Other current assets 142,877 78,448
Total current assets 9,322,027 9,011,923
Property and Equipment-net 933,396 979,463
Other Assets    
Intangible assets, net 252,354 261,000
Deferred tax assets 9,216,690 9,260,582
Deposits and other assets, net 28,888 25,500
Total other assets 9,497,932 9,547,082
Total assets 19,753,355 19,538,468
Current Liabilities    
Accounts payable 1,520,151 1,485,430
Accrued expenses 2,066,510 2,554,330
Current portion of note payable 2,000,000 2,000,000
Deferred revenue 7,003,889 7,071,924
Total current liabilities 12,590,550 13,111,684
Other Liabilities    
Deferred revenue, net of current portion 13,296,136 12,596,292
Note payable, net of current portion and debt issuance costs 7,353,903 7,819,750
Long-term liability-revenue sharing agreements 1,425,000 1,425,000
Total other liabilities 22,075,039 21,841,042
Total liabilities 34,665,589 34,952,726
Commitments and contingencies (Note 10)
Stockholders' Deficit    
Preferred stock
Common stock ($.01 par value, 20,000,000 authorized; 12,866,147 issued and 7,137,157 outstanding as of February 28, 2017 and 12,504,464 issued and 6,789,596 outstanding as of November 30, 2016) 128,661 125,044
Additional paid-in capital 30,447,809 30,340,573
Treasury stock, at cost (19,213,183) (19,124,492)
Accumulated other comprehensive income 27,347 34,408
Accumulated deficit (26,302,868) (26,789,791)
Total stockholders' deficit (14,912,234) (15,414,258)
Total liabilities and stockholders' deficit 19,753,355 19,538,468
Series A Junior Participating Preferred Stock [Member]    
Stockholders' Deficit    
Preferred stock