Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.24.0.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Nov. 30, 2023
Nov. 30, 2022
Revenue $ 31,343,695 $ 30,336,749
Costs and Expenses:    
Cost of sales 8,442,310 8,792,358
Selling, general and administrative expenses 17,115,514 15,580,274
Impairment of public inventory 3,737,133 0
Impairment of Duke assets 13,108,064 0
Change in fair value of contingent consideration (1,050,978) 435,333
Research, development and related engineering 1,171,456 384,789
Depreciation and amortization 1,124,228 1,119,528
Total costs and expenses 43,647,727 26,312,282
Operating (Loss) Income (12,304,032) 4,024,467
Other Income (Expense):    
Gains (losses) on marketable securities 50,777 (38,972)
Gain on interest rate swap 122,113 446,200
Gain on sale of property and equipment 0 407,344
Other income 3,441 1,676
Interest expense (1,236,794) (1,521,767)
Total other income (expense) (1,060,463) (705,519)
(Loss) income before income tax expense (13,364,495) 3,318,948
Income tax benefit (expense) 3,842,826 (547,540)
Net (loss) income $ (9,521,669) $ 2,771,408
Net (loss) income per common share - basic $ (1.14) $ 0.33
Weighted average common shares outstanding - basic 8,340,839 8,465,568
Net (loss) income per common share - diluted $ (1.14) $ 0.33
Weighted average common shares outstanding - diluted 8,340,839 8,483,994
Processing and Storage Fees [Member]    
Revenue $ 30,796,091 $ 29,771,123
Public Banking [Member]    
Revenue 481,148 461,626
Product [Member]    
Revenue $ 66,456 $ 104,000