Cryo-Cell International, Inc. Annual report pursuant to Section 13 and 15(d)

Description of Business and Summary of Significant Accounting Policies (Tables)

Description of Business and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Nov. 30, 2015

Estimated Useful Lives of Property and Equipment

Estimated useful lives of property and equipment are as follows:


Furniture and equipment		3-10 years
Leasehold improvements		Lesser of 8-10 years or the lives of the leases
Computer software – internal use		1-5 years

Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of November 30, 2015 and 2014, respectively, segregated among the appropriate levels within the fair value hierarchy:


			Fair Value Measurements
	Fair Value at		at November 30, 2015 Using
Description	November 30, 2015		Level 1		Level 2		Level 3
Assets:
Trading securities	$	136,798	$	136,798		—		—
Available-for-sale securities		473,626		473,626		—		—

Total	$	610,424	$	610,424		—		—

			Fair Value Measurements
	Fair Value at		at November 30, 2014 Using
Description	November 30, 2014		Level 1		Level 2		Level 3
Assets:
Trading securities	$	102,674	$	102,674		—		—

Composition of Basic and Diluted Net Loss Per Share

share includes the effect of all dilutive stock options. The composition of basic and diluted net income per share is as follows:


	November 30, 2015		November 30, 2014
Numerator:
Net Income	$	8,106,343	$	553,623
Denominator:
Weighted-average shares outstanding-basic		9,537,607		10,175,806
Dilutive common shares issuable upon exercise of stock options		257,972		253,229

Weighted-average shares-diluted		9,795,579		10,429,035

Income per share:
Basic	$	0.85	$	0.05

Diluted	$	0.83	$	0.05