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Note 12 - Commitments and Contingencies
 6 Months Ended
May 31, 2017
Notes to Financial Statements  
Commitments and Contingencies Disclosure [Text Block]
NOTE
12
– COMMITMENTS AND CONTINGENCIES
 
General
 
The Company follows ASC guidance in determining its accruals and disclosures with respect to loss contingencies. Accordingly, estimated losses from loss contingencies are accrued by a charge to income when information available prior to issuance of the financial statements indicates that it is probable that a liability could be incurred and the amount of the loss can be reasonably estimated. Legal expenses associated with the contingency are expensed as incurred. If a loss contingency is
not
probable or reasonably estimable, disclosure of the loss contingency is made in the financial statements when it is at least reasonably possible that a material loss could be incurred.
 
Obligations under operating leases
 
The Company leases certain assets, such as office equipment and office facilities, under operating leases expiring at various dates through
2020.
Future minimum annual lease payments are
$137
in the remainder of
2017,
$49
in
2018,
$38
in
2019
and
$7
in
2020,
totaling
$231.