Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v2.4.0.8
Consolidated Statements of Operations (USD $)
 12 Months Ended
Nov. 30, 2013
Nov. 30, 2012
Revenue:    
Processing and storage fees $ 17,697,635 $ 16,628,037
Licensee income 1,296,979 1,341,818
Total revenue 18,994,614 17,969,855
Costs and Expenses:    
Cost of sales 5,322,271 4,888,414
Selling, general and administrative expenses 11,366,417 14,426,244
Abandonment of patents 378,837 52,536
Research, development and related engineering 36,168 109,640
Depreciation and amortization 188,133 204,149
Total costs and expenses 17,291,826 19,680,983
Operating Income (Loss) 1,702,788 (1,711,128)
Other Income (Expense):    
Other income 48,851 63,490
Extinguishment of revenue sharing agreements   (1,595,606)
Interest expense (1,400,572) (1,022,429)
Total other expense (1,351,721) (2,554,545)
Income (Loss) before equity in losses of affiliate and income tax expense 351,067 (4,265,673)
Equity in losses of affiliate (154,051) (154,564)
Income (Loss) before income tax expense 197,016 (4,420,237)
Income tax expense (169,580) (1,888,233)
Net Income (Loss) $ 27,436 $ (6,308,470)
Net income (loss) per common share - basic $ 0.00 $ (0.56)
Weighted average common shares outstanding - basic 10,864,552 11,308,872
Net income (loss) per common share - diluted $ 0.00 $ (0.56)
Weighted average common shares outstanding - diluted 10,972,484 11,308,872