Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Nov. 30, 2013
Nov. 30, 2012
Current Assets    
Cash and cash equivalents $ 3,925,156 $ 2,677,382
Restricted cash 968,130 2,576,844
Accounts receivable (net of allowance for doubtful accounts of $1,994,575 and $1,367,465, respectively ) 3,336,460 2,836,789
Note receivable 550,782 564,808
Prepaid expenses and other current assets 644,969 659,179
Total current assets 9,425,497 9,315,002
Property and Equipment-net 1,207,279 1,281,075
Other Assets    
Marketable securities and other investments 37,910 13,660
Investment in Saneron CCEL Therapeutics, Inc. 684,000 684,000
Long-term note receivable, net of current portion   550,697
Deposits and other assets, net 146,116 486,225
Total other assets 868,026 1,734,582
Total assets 11,500,802 12,330,659
Current Liabilities    
Accounts payable 1,194,825 1,209,973
Accrued expenses 1,800,811 2,917,758
Current portion of deferred revenue 6,814,797 6,536,160
Total current liabilities 9,810,433 10,663,891
Other Liabilities    
Deferred revenue, net of current portion 8,658,354 8,364,533
Long-term liability - revenue sharing agreements 2,300,000 2,300,000
Total other liabilities 10,958,354 10,664,533
Commitments and Contingencies (Note 9)      
Stockholders' Deficit    
Preferred stock ($.01 par value, 500,000 authorized and none issued)      
Common stock ($.01 par value, 20,000,000 authorized; 11,870,040 issued and 10,743,225 outstanding as of November 30, 2013 and 11,860,040 issued and 11,067,666 outstanding as of November 30, 2012) 118,700 118,600
Additional paid-in capital 27,265,340 26,824,478
Treasury stock, at cost (2,926,123) (2,187,505)
Accumulated deficit (33,725,902) (33,753,338)
Total stockholders' deficit (9,267,985) (8,997,765)
Total liabilities and stockholders' deficit $ 11,500,802 $ 12,330,659