Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v2.4.0.6
Consolidated Statements of Operations (USD $)
 12 Months Ended
Nov. 30, 2012
Nov. 30, 2011
Revenue:    
Processing and storage fees $ 16,628,037 $ 16,554,565
Licensee income 1,341,818 1,363,705
Total revenue 17,969,855 17,918,270
Costs and Expenses:    
Cost of sales 4,888,414 4,399,444
Selling, general and administrative expenses 14,426,244 12,413,082
Impairment of internal use software 0 627,034
Abandonment of patents 52,536 210,171
Research, development and related engineering 109,640 184,047
Depreciation and amortization 204,149 361,234
Total costs and expenses 19,680,983 18,195,012
Operating Loss (1,711,128) (276,742)
Other Income (Expense):    
Other income 63,490 36,905
Extinguishment of revenue sharing agreements (1,595,606)  
Interest expense (1,022,429) (1,456,737)
Total other expense (2,554,545) (1,419,832)
Loss before equity in losses of affiliate and income tax expense (4,265,673) (1,696,574)
Equity in losses of affiliate (154,564) (227,016)
Loss before income tax expense (4,420,237) (1,923,590)
Income tax expense (1,888,233) (171,936)
Net Loss $ (6,308,470) $ (2,095,526)
Net loss per common share - basic $ (0.56) $ (0.18)
Weighted average common shares outstanding - basic 11,308,872 11,763,290
Net loss per common share - diluted $ (0.56) $ (0.18)
Weighted average common shares outstanding - diluted 11,308,872 11,763,290