XML 38 R11.htm IDEA: XBRL DOCUMENT
v3.20.1

Inventory | 3 Months Ended
--- | ---
Feb. 29, 2020
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. Due to changes in sales trends and estimated recoverability of cost capitalized into inventory, an impairment charge of $2,332,763 was recognized during the second quarter of fiscal 2019 to reduce inventory from cost to net realizable value. The components of inventory at February 29, 2020 and November 30, 2019 are as follows:
|  | February 29, 2020 |  |  | November 30, 2019 |
Raw materials |  | $ | — |  |  | $ | — |
Work-in-process |  |  | 148,918 |  |  |  | 149,972 |
Work-in-process – Public Bank |  |  | — |  |  |  | — |
Finished goods |  |  | 64,203 |  |  |  | 52,451 |
Finished goods – Public Bank |  |  | 13,403,049 |  |  |  | 13,491,375 |
Collection kits |  |  | 51,687 |  |  |  | 44,453 |
Inventory reserve |  |  | (7,718 | ) |  |  | (7,718 | )
Total inventory |  | $ | 13,660,139 |  |  | $ | 13,730,533 |

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