Annual report pursuant to Section 13 and 15(d)

Agreements

v3.3.1.900
Agreements
12 Months Ended
Nov. 30, 2015
Text Block [Abstract]  
Agreements

NOTE 18 - AGREEMENTS.

On December 15, 2009, the Company made a payment of $100,000 to the Museum of Science and Industry (“MOSI”) for the sponsorship of a stem cell exhibit in “The Amazing You” exhibition in Tampa, Florida. The payment was made for the exhibit to be displayed over the next five years as well as various other benefits to be received from MOSI. The exhibit opened during the second quarter of 2010. The payment of $100,000 is being expensed over the life of the exhibit, which is five years. For the years ended November 30, 2015 and November 30, 2014, $7,000 and $20,000, respectively, has been expensed and is reflected in the consolidated statements of comprehensive income. The remaining balance of approximately $0 and $7,000 as of November 30, 2015 and November 30, 2014, respectively, is recorded as a deposit on the accompanying consolidated balance sheets.