Subsequent Event
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6 Months Ended |
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May 31, 2013
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Subsequent Events [Abstract] | |
Subsequent Event |
Note 10 - Subsequent Event In June 2013, the Company signed an amendment to terminate the building lease on the additional 9,600 square feet that was entered into during June 2006. The termination fee was $150,000. The lease amendment will result in rent savings of approximately $280,000 over the next 18 months for a net savings of approximately $130,000. |
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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