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Share Repurchase Plan | 12 Months Ended
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Nov. 30, 2012
Share Repurchase Plan [Abstract] |
SHARE REPURCHASE PLAN | NOTE 15 - SHARE REPURCHASE PLAN In December 2011, the Company’s Board of Directors authorized management at its discretion to repurchase up to one million (1,000,000) shares of the Company’s outstanding common stock. On June 6, 2012, the Board of Directors of the Company increased the number of shares of the Company’s outstanding common stock that management is authorized to repurchase to up to three million (3,000,000). The repurchases must be effectuated through open market purchases, privately negotiated block trades, unsolicited negotiated transactions, and/or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission or in such other manner as will comply with the provisions of the Securities Exchange Act of 1934. As of November 30, 2012, the Company had repurchased 792,374 shares of the Company’s common stock at an average price of $2.15 per share through open market and privately negotiated transactions. The repurchased shares will be held as treasury stock and have been removed from common shares outstanding as of November 30, 2012. As of November 30, 2012 and November 30, 2011, 942,474 and 150,100 shares, respectively, were held as treasury stock, which include 150,100 and 150,100 shares, respectively, which is the Company’s portion of the value of the Company stock held by Saneron. Subsequent to the balance sheet date, the Company repurchased an additional 84,596 shares of the Company’s common stock at an average price of $2.46 per share through open market and privately negotiated transactions.

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- Definition The entire disclosure for an entity's treasury stock, including the average cost per share, carrying basis for each class of treasury stock, description of share repurchase program authorized by an entity's board of directors, the number of shares repurchased, the cost of the shares repurchased, the remaining maximum dollar value of shares available for repurchase under the program, the treatment of the purchase price in excess of the current market value, number of shares held for each class of treasury stock, and other information necessary to a fair presentation. + References No definition available. + Details
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