XML 68 R10.htm IDEA: XBRL DOCUMENT
v3.19.3

Inventory | 9 Months Ended
--- | ---
Aug. 31, 2019
Inventory Disclosure [Abstract] |
Inventory | Note 4 – Inventory Inventory is comprised of public cord blood banking specimens, collection kits, finished goods, work-in-process and raw materials. Collection kits are used in the collection and processing of umbilical cord blood and cord tissue stem cells, finished goods include products purchased or assumed for resale and for the use in the Company’s processing and storage service. Inventory in the Public Cord Blood Bank includes finished goods that are specimens that are available for resale. The Company considers inventory in the Public Cord Blood Bank that has not completed all testing to determine viability to be work in process. The components of inventory at August 31, 2019 and November 30, 2018 are as follows:
|  | As of August 31, 2019 |  |  | As of November 30, 2018 |
Raw materials |  | $ | — |  |  | $ | — |
Work-in-process |  |  | 130,217 |  |  |  | 188,085 |
Work-in-process – Public Bank |  |  | — |  |  |  | — |
Finished goods |  |  | 23,811 |  |  |  | 5,262 |
Finished goods – Public Bank |  |  | 13,492,398 |  |  |  | 15,831,081 |
Collection kits |  |  | 39,137 |  |  |  | 19,163 |
Inventory reserve |  |  | (7,718 | ) |  |  | (7,718 | )
Total inventory |  | $ | 13,677,845 |  |  | $ | 16,035,873 |
Inventory, current portion |  |  | 1,031,845 |  |  |  | 1,260,557 |
Inventory, long-term portion |  |  | 12,646,000 |  |  |  | 14,775,316 |
Total inventory |  | $ | 13,677,845 |  |  | $ | 16,035,873 |
During the second quarter of fiscal 2019, due to changes in sales trends and estimated recoverability of cost capitalized into inventory for the public banking inventory, the Company prepared an analysis and determined that the value of the public inventory should be reduced from cost to net realizable value and this led to an impairment charge to the public inventory of $2,332,763. Due to the nature of the units of public inventory, the net realizable value of those units that are expected to be sold during the next twelve months are included in current inventory. The remaining balance of the public inventory is considered to be long-term. In order to conform to the current period presentation, the Company made certain reclassifications to the Public Bank inventory prior period balance in the Consolidated Balance Sheets. This reclassification had no effect on the previously reported total assets or liabilities, net income or cash flows from operating activities.

X
- References No definition available. + Details
Name: | us-gaap_InventoryDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
Name: | us-gaap_InventoryDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration