Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Comprehensive Income (Loss)

v3.8.0.1
Consolidated Statements of Comprehensive Income (Loss) - USD ($)
 12 Months Ended
Nov. 30, 2017
Nov. 30, 2016
Revenue:    
Processing and storage fees $ 23,939,033 $ 21,771,600
Licensee and royalty income 1,003,056 1,006,319
Product revenue 442,190 350,128
Total revenue 25,384,279 23,128,047
Costs and Expenses:    
Cost of sales 6,724,391 5,774,800
Selling, general and administrative expenses 13,480,883 14,722,794
Impairment of goodwill and intangible assets   1,989,089
Research, development and related engineering 41,165 53,097
Depreciation and amortization 131,614 154,673
Total costs and expenses 20,378,053 22,694,453
Operating Income 5,006,226 433,594
Other (Expense) Income :    
Other expense (79,873) (14,671)
Interest expense (1,302,650) (947,340)
Gain on extinguishment of debt   300,593
Loss on extinguishment of revenue sharing agreement   (2,252,388)
Total other expense (1,382,523) (2,913,806)
Income (Loss) before income tax (expense) benefit 3,623,703 (2,480,212)
Income tax (expense) benefit (1,308,603) 1,159,412
Net Income (Loss) $ 2,315,100 $ (1,320,800)
Net income (loss) per common share - basic $ 0.33 $ (0.16)
Weighted average common shares outstanding - basic 7,062,870 8,112,791
Net income (loss) per common share - diluted $ 0.30 $ (0.16)
Weighted average common shares outstanding - diluted 7,652,984 8,112,791
Other Comprehensive Income (Loss)    
Unrealized gain (loss) on marketable securities (net of tax) $ 6,457 $ (135,524)
Comprehensive Income (Loss) $ 2,321,557 $ (1,456,324)