Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
 12 Months Ended
Nov. 30, 2012
Nov. 30, 2011
Cash flows from operating activities:    
Net loss $ (6,308,470) $ (2,095,526)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization expense 466,736 579,847
Impairment of internal use software 0 627,034
Abandonment of patents 52,536 210,171
Loss on sale of property and equipment   20,474
Compensatory element of stock options 1,325,196 329,001
Provision for doubtful accounts 746,007 227,907
Equity in losses of affiliate 154,564 227,016
Loss on extinguishment of revenue sharing agreements 1,595,606  
Deferred income tax expense 1,718,919   
Changes in assets and liabilities:    
Accounts and notes receivable (522,366) (2,046,177)
Prepaid expenses and other current assets 118,105 (129,774)
Deposits and other assets (32,535) 36,929
Accounts payable 199,036 (47,946)
Accrued expenses 801,891 695,654
Deferred consulting obligation (72,183) (110,872)
Deferred revenue 117,859 2,295,384
Net cash provided by operating activities 360,901 819,122
Cash flows from investing activities:    
Restricted cash held in escrow 123,156 (2,500,000)
Purchases of property and equipment (133,538) (505,715)
Purchases of marketable securities and other investments (13,660)  
Proceeds from sale of marketable securities and other investments 1,008,404 130,000
Investments in patents (22,006) (88,785)
Net cash provided by ( used in ) investing activities 962,356 (2,964,500)
Cash flows from financing activities:    
Extinguishment of revenue sharing agreements (3,248,000)  
Treasury stock purchases (1,702,970)  
Proceeds from the exercise of stock options   80,936
Net cash (used in) provided by financing activities (4,950,970) 80,936
Decrease in cash and cash equivalents (3,627,713) (2,064,442)
Cash and cash equivalents - beginning of period 6,305,095 8,369,537
Cash and cash equivalents - end of period $ 2,677,382 $ 6,305,095