Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Comprehensive Income

v3.3.1.900
Consolidated Statements of Comprehensive Income - USD ($)
12 Months Ended
Nov. 30, 2015
Nov. 30, 2014
Revenue:    
Processing and storage fees $ 19,620,138 $ 18,655,060
Licensee and royalty income 1,000,000 1,471,486
Product revenue 471,293  
Total revenue 21,091,431 20,126,546
Costs and Expenses:    
Cost of sales 5,630,865 5,632,041
Selling, general and administrative expenses 12,389,452 12,251,921
Abandonment of patents   25,649
Research, development and related engineering 45,780 64,367
Depreciation and amortization 92,110 171,334
Total costs and expenses 18,158,207 18,145,312
Operating Income 2,933,224 1,981,234
Other Income (Expense):    
Other income 22,993 210,258
Interest expense (1,303,872) (1,151,459)
Impairment of investment in Saneron (684,000)  
Total other expense (1,964,879) (941,201)
Income before equity in losses of affiliate and income tax expense 968,345 1,040,033
Equity in losses of affiliate (18,824) (362,884)
Income before income tax expense 949,521 677,149
Income tax benefit (expense) 7,156,822 (123,526)
Net Income $ 8,106,343 $ 553,623
Net income per common share - basic $ 0.85 $ 0.05
Weighted average common shares outstanding - basic 9,537,607 10,175,806
Net income per common share - diluted $ 0.83 $ 0.05
Weighted average common shares outstanding - diluted 9,795,579 10,429,035
Other Comprehensive Income    
Unrealized gain on marketable securities (net of tax) $ 169,932 $ 0
Comprehensive Income $ 8,276,275 $ 553,623