Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Comprehensive (Loss) Income

v3.6.0.2
Consolidated Statements of Comprehensive (Loss) Income - USD ($)
 12 Months Ended
Nov. 30, 2016
Nov. 30, 2015
Revenue:    
Processing and storage fees $ 21,771,600 $ 19,620,138
Licensee and royalty income 1,006,319 1,000,000
Product revenue 350,128 471,293
Total revenue 23,128,047 21,091,431
Costs and Expenses:    
Cost of sales 5,774,800 5,630,865
Selling, general and administrative expenses 14,722,794 12,389,452
Impairment of goodwill and intangible assets 1,989,089  
Research, development and related engineering 53,097 45,780
Depreciation and amortization 154,673 92,110
Total costs and expenses 22,694,453 18,158,207
Operating Income 433,594 2,933,224
Other Income (Expense):    
Other expense (14,671) 22,993
Interest expense (947,340) (1,303,872)
Impairment of investment in Saneron   (684,000)
Gain on extinguishment of debt 300,593  
Loss on extinguishment of revenue sharing agreement (2,252,388)  
Total other expense (2,913,806) (1,964,879)
(Loss) Income before equity in losses of affiliate and income tax expense (2,480,212) 968,345
Equity in losses of affiliate   (18,824)
(Loss) Income before income tax expense (2,480,212) 949,521
Income tax benefit 1,159,412 7,156,822
Net (Loss) Income $ (1,320,800) $ 8,106,343
Net (loss) income per common share - basic $ (0.16) $ 0.85
Weighted average common shares outstanding - basic 8,112,791 9,537,607
Net (loss) income per common share - diluted $ (0.16) $ 0.83
Weighted average common shares outstanding - diluted 8,112,791 9,795,579
Other Comprehensive (Loss) Income    
Unrealized (loss) gain on marketable securities (net of tax) $ (135,524) $ 169,932
Comprehensive (Loss) Income $ (1,456,324) $ 8,276,275