Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations

v2.4.0.6
Consolidated Statements Of Operations (USD $)
 3 Months Ended
Feb. 29, 2012
Feb. 28, 2011
Revenue:    
Processing and storage fees $ 3,836,847 $ 4,149,785
Licensee income 341,742 323,020
Total revenue 4,178,589 4,472,805
Costs and Expenses:    
Cost of sales 1,026,903 1,161,520
Selling, general and administrative expenses 3,160,797 2,518,085
Research, development and related engineering 14,579 35,622
Depreciation and amortization 56,255 71,826
Total costs and expenses 4,258,534 3,787,053
Operating (Loss) Income (79,945) 685,752
Other Income (Expense):    
Interest income 20,414 6,632
Extinguishment of revenue sharing agreement (1,227,390)  
Interest expense (299,165) (392,014)
Total other expense (1,506,141) (385,382)
(Loss) Income before equity in losses of affiliate and income tax expense (1,586,086) 300,370
Equity in losses of affiliate (38,832) (28,090)
(Loss) Income before income tax expense (1,624,918) 272,280
Income tax expense (57,145) (38,861)
Net (Loss) Income $ (1,682,063) $ 233,419
Net (loss) income per common share - basic $ (0.15) $ 0.02
Weighted average common shares outstanding - basic 11,488,980 11,752,574
Net (loss) income per common share - diluted $ (0.15) $ 0.02
Weighted average common shares outstanding - diluted 11,488,980 11,958,463