Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v2.4.0.6
Consolidated Statements of Operations (Unaudited) (USD $)
 3 Months Ended
Feb. 28, 2013
Feb. 29, 2012
Revenue:    
Processing and storage fees $ 4,276,553 $ 3,836,847
Licensee income 323,534 341,742
Total revenue 4,600,087 4,178,589
Costs and Expenses:    
Cost of sales 1,279,813 1,026,903
Selling, general and administrative expenses 2,695,278 3,160,797
Research, development and related engineering 10,921 14,579
Depreciation and amortization 51,014 56,255
Total costs and expenses 4,037,026 4,258,534
Operating Income (Loss) 563,061 (79,945)
Other Income (Expense):    
Other income 12,257 20,414
Extinguishment of revenue sharing agreements   (1,227,390)
Interest expense (250,538) (299,165)
Total other expense (238,281) (1,506,141)
Income (Loss) before equity in losses of affiliate and income tax expense 324,780 (1,586,086)
Equity in losses of affiliate (38,450) (38,832)
Income (Loss) before income tax expense 286,330 (1,624,918)
Income tax expense (42,324) (57,145)
Net Income (Loss) $ 244,006 $ (1,682,063)
Net income (loss) per common share - basic $ 0.02 $ (0.15)
Weighted average common shares outstanding - basic 10,982,389 11,488,980
Net income (loss) per common share - diluted $ 0.02 $ (0.15)
Weighted average common shares outstanding - diluted 11,105,094 11,488,980