Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Comprehensive Income (Loss)

v3.7.0.1
Consolidated Statements of Comprehensive Income (Loss) - USD ($)
3 Months Ended
Feb. 28, 2017
Feb. 29, 2016
Revenue:    
Processing and storage fees $ 5,611,824 $ 5,020,459
Product revenue 164,800 131,739
Total revenue 5,776,624 5,152,198
Costs and Expenses:    
Cost of sales 1,516,097 1,348,291
Selling, general and administrative expenses 3,098,155 3,597,253
Research, development and related engineering 14,616 8,684
Depreciation and amortization 31,630 41,548
Total costs and expenses 4,660,498 4,995,776
Operating Income 1,116,126 156,422
Other Income (Expense):    
Other expense (26,442) (18,024)
Interest expense (297,044) (261,334)
Total other expense (323,486) (279,358)
Income (loss) before income tax expense 792,640 (122,936)
Income tax benefit (expense) (305,717) 0
Net Income (Loss) $ 486,923 $ (122,936)
Net income (loss) per common share-basic $ 0.07 $ (0.01)
Weighted average common shares outstanding-basic 6,901,108 8,971,373
Net income (loss) per common share-diluted $ 0.07 $ (0.01)
Weighted average common shares outstanding-diluted 7,437,243 8,971,373
Other Comprehensive Income (Loss)    
Unrealized loss on marketable securities (net of tax) $ (7,061) $ (93,727)
Comprehensive Income (Loss) $ 479,862 $ (216,663)