Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Feb. 29, 2016
Feb. 28, 2015
Statement of Cash Flows [Abstract]    
Net (loss) income $ (122,936) $ 286,170
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 74,618 58,994
Compensatory element of stock options 252,313 190,513
Provision for doubtful accounts 192,045 140,505
Equity in losses of affiliate   8,248
Changes in assets and liabilities:    
Accounts receivable (350,656) (268,511)
Prepaid expenses (1,490) 46,080
Inventory (22,916)  
Other current assets 30,051 (6,500)
Deposits and other assets, net   9,575
Accounts payable 357,156 342,799
Accrued expenses (438,675) (564,624)
Deferred revenue 131,907 85,715
Net cash provided by operating activities 101,417 328,964
Cash flows from investing activities:    
Release of restricted cash held in escrow (56) (56)
Purchases of property and equipment (30,723) (23,303)
Purchases of marketable securities and other investments, net (157,238) 4,413
Net cash used in investing activities (188,017) (18,946)
Cash flows from financing activities:    
Treasury stock purchases (408,403) (39,042)
Repayments of note payable (75,423)  
Net cash used in financing activities (483,826) (39,042)
Increase (decrease) in cash and cash equivalents (570,426) 270,976
Cash and cash equivalents - beginning of period 4,152,162 3,279,267
Cash and cash equivalents - end of period 3,581,736 3,550,243
Supplemental non-cash investing activities:    
Unrealized loss on marketable securities $ (93,727) $ 0