Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Comprehensive Income

v3.22.0.1
Consolidated Statements of Comprehensive Income - USD ($)
 12 Months Ended
Nov. 30, 2021
Nov. 30, 2020
Revenue $ 28,884,902 $ 31,147,593
Costs and Expenses:    
Cost of sales 8,989,736 9,657,442
Selling, general and administrative expenses 14,625,311 14,294,233
Impairment of public inventory 1,164,499 1,284,238
Change in fair value of contingent consideration (782,481) (1,940,205)
Research, development and related engineering 49,870 23,851
Depreciation and amortization 834,845 166,437
Total costs and expenses 24,881,780 23,485,996
Operating Income 4,003,122 7,661,597
Other Expense:    
Losses on marketable securities (13,064) (8,130)
Other income 99 773
Interest expense (1,378,926) (1,544,017)
Loss on extinguishment of revenue sharing agreement   (1,070,900)
Total other expense (1,391,891) (2,622,274)
Income before income tax expense 2,611,231 5,039,323
Income tax expense (527,710) (1,414,727)
Net Income $ 2,083,521 $ 3,624,596
Net income per common share - basic $ 0.26 $ 0.48
Weighted average common shares outstanding - basic 8,137,342 7,544,494
Net income per common share - diluted $ 0.25 $ 0.45
Weighted average common shares outstanding - diluted 8,361,720 8,140,180
Processing and Storage Fees [Member]    
Revenue $ 28,397,401 $ 29,547,150
Public Banking [Member]    
Revenue 376,101 726,554
Licensee and Royalty Income [Member]    
Revenue   629,702
Product [Member]    
Revenue $ 111,400 $ 244,187