Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting

Segment Reporting
9 Months Ended
Aug. 31, 2015
Segment Reporting [Abstract]  
Segment Reporting

Note 13 – Segment Reporting

During the third quarter of fiscal 2015, the Company purchased certain assets and assumed certain contracts that CytoMedical used in the operation of its cord blood business (See Note 8). The Company is currently evaluating whether this acquisition qualifies as a separate segment. The Company currently operates in the cellular processing and cryogenic storage service, with a current focus on the collection and preservation of umbilical cord blood and cord tissue stem cells for family use. The acquired business’s core operation are the manufacturing of the Prepacyte®-CB processing system which is used in cell processing laboratories to process and store stem cells from umbilical cord blood. The Company will further evaluate how this new business will be integrated into the Company’s current operation over the next quarter and report in the Company’s November 30, 2015 Annual Report on Form 10-K.