Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
May 31, 2016
May 31, 2015
Statement of Cash Flows [Abstract]    
Net income $ 514,196 $ 496,202
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 147,652 114,028
Compensatory element of stock options 388,115 244,925
Provision for doubtful accounts 375,199 273,417
Equity in losses of affiliate   16,496
Gain on extinguishment of debt (300,593)  
Changes in assets and liabilities:    
Accounts receivable (1,018,577) 91,388
Prepaid expenses 21,550 (111,329)
Inventory 16,028  
Other current assets 47,380 (3,738)
Deposits and other assets, net 15,111 11,243
Accounts payable 347,008 262,657
Accrued expenses (39,042) (193,774)
Deferred revenue 830,799 630,174
Net cash provided by operating activities 1,344,826 1,831,689
Cash flows from investing activities:    
Release of restricted cash held in escrow 204,344 (111)
Purchases of property and equipment (292,242) (40,942)
Purchases of marketable securities and other investments, net (224,047) (203,419)
Net cash used in investing activities (311,945) (244,472)
Cash flows from financing activities:    
Treasury stock purchases (443,207) (952,463)
Repayments of note payable (875,774)  
Proceeds from note payable 650,100  
Net cash used in financing activities (668,881) (952,463)
Increase (decrease) in cash and cash equivalents 364,000 634,754
Cash and cash equivalents - beginning of period 4,152,162 3,279,267
Cash and cash equivalents - end of period 4,516,162 3,914,021
Supplemental non-cash investing activities:    
Unrealized (loss) gain on marketable securities $ (100,220) $ 226,276