Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Aug. 31, 2015
Nov. 30, 2014
Current Assets    
Cash and cash equivalents $ 2,719,463 $ 3,279,267
Restricted cash 204,289 204,141
Marketable securities 460,512 102,674
Accounts receivable (net of allowance for doubtful accounts of $1,950,274 and $1,976,966, respectively) 4,162,770 4,071,997
Deferred tax assets, current portion 1,339,663  
Prepaid expenses 447,591 710,754
Inventory, net 539,093 63,742
Other current assets 33,901 59,384
Total current assets 9,907,282 8,491,959
Property and Equipment-net 878,359 953,415
Other Assets    
Investment in Saneron CCEL Therapeutics, Inc. 684,000 684,000
Intangible assets, net 565,494 28,358
Goodwill 1,741,822 0
Deferred tax assets, net of current portion 5,617,171  
Deposits and other assets, net 41,306 51,854
Total other assets 8,649,793 764,212
Total assets 19,435,434 10,209,586
Current Liabilities    
Accounts payable 1,448,442 992,910
Accrued expenses 1,918,985 1,471,699
Current portion of note payable 303,609  
Deferred revenue 6,781,165 6,662,552
Total current liabilities 10,452,201 9,127,161
Other Liabilities    
Deferred revenue, net of current portion 10,563,918 9,509,088
Note payable, net of current portion 947,246  
Long-term liability - revenue sharing agreements 2,300,000 2,300,000
Total other liabilities $ 13,811,164 $ 11,809,088
Commitments and contingencies (Note 6)
Stockholders' Deficit    
Preferred stock
Common stock ($.01 par value, 20,000,000 authorized; 12,252,840 issued and 9,079,076 outstanding as of August 31, 2015 and 11,921,285 issued and 9,706,174 outstanding as of November 30, 2014) $ 122,529 $ 119,213
Additional paid-in capital 28,215,135 27,842,106
Treasury stock, at cost (8,059,353) (5,112,648)
Accumulated other comprehensive income 143,318  
Accumulated deficit (25,249,560) (33,575,334)
Total stockholders' deficit (4,827,931) (10,726,663)
Total liabilities and stockholders' deficit $ 19,435,434 $ 10,209,586
Series A Junior Participating Preferred Stock [Member]    
Stockholders' Deficit    
Preferred stock