v3.6.0.2

Quarterly Results | 12 Months Ended
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Nov. 30, 2016
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY RESULTS | QUARTERLY RESULTS The following financial data is a summary of the quarterly results of operations (unaudited) during and for the years ended November 30, 2016 and 2015:
|  | Three Months Ended
Fiscal 2016 |  | Feb. 29 |  | May 31 |  | Aug. 31 |  | Nov. 30
Net Sales |  | $4,680,272 |  | $5,675,177 |  | $5,036,658 |  | $4,218,127
Total Revenue |  | 4,684,444 |  |  | 5,679,751 |  |  | 5,041,193 |  |  | 4,223,356 |
Cost of Sales |  | 1,814,794 |  |  | 2,122,059 |  |  | 2,309,056 |  |  | 1,912,190 |
Gross Profit |  | 2,865,478 |  |  | 3,553,118 |  |  | 2,727,602 |  |  | 2,305,937 |
Income from Continued Operations |  | 208,940 |  |  | 430,989 |  |  | 321,367 |  |  | 231,388 |
(Loss) Income from Discontinued Operations |  | (5,571 | ) |  | (7,312 | ) |  | — |  |  | 1,409 |
Net Income |  | 203,369 |  |  | 423,677 |  |  | 321,367 |  |  | 232,797 |
Earnings Per Share: |  |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |  |
Continuing Operations |  | $ | 0.03 |  |  | $ | 0.06 |  |  | $ | 0.05 |  |  | $ | 0.03 |
Discontinued Operations |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Total earnings per share |  | $ | 0.03 |  |  | $ | 0.06 |  |  | $ | 0.05 |  |  | $ | 0.03 |
Diluted |  |  |  |  |  |  |  |
Continuing Operations |  | $ | 0.03 |  |  | $ | 0.06 |  |  | $ | 0.05 |  |  | $ | 0.03 |
Discontinued Operations |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Total earnings per share |  | $ | 0.03 |  |  | $ | 0.06 |  |  | $ | 0.05 |  |  | $ | 0.03 |
|  | Three Months Ended |
Fiscal 2015 |  | Feb. 28 |  | May 31 |  | Aug. 31 |  | Nov. 30 |
Net Sales |  | $6,952,857 |  | $6,666,621 |  | $7,055,399 |  | $4,079,073 |
Total Revenue |  | 6,957,516 |  |  | 6,670,233 |  |  | 7,079,673 |  |  | 4,082,133 |  |
Cost of Sales |  | 2,318,485 |  |  | 2,920,313 |  |  | 2,704,117 |  |  | 2,502,454 |  |
Gross Profit |  | 4,634,372 |  |  | 3,746,308 |  |  | 4,351,282 |  |  | 1,576,619 |  |
Income (Loss) from Continued Operations |  | 57,608 |  |  | (1,776,992 | ) |  | 175,080 |  |  | (1,712,328 | ) |
Income (Loss) from Discontinued Operations |  | — |  |  | 190,274 |  |  | (125,191 | ) |  | (52,662 | ) |
Net Income (Loss) |  | 57,608 |  |  | (1,586,718 | ) |  | 49,889 |  |  | (1,764,990 | ) |
Earnings (Loss) Per Share: |  |  |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |  |  |
Continuing Operations |  | $ | 0.01 |  |  | $ | (0.25 | ) |  | $ | 0.02 |  |  | $ | (0.24 | ) |
Discontinued Operations |  | $ | — |  |  | $ | 0.03 |  |  | $ | (0.02 | ) |  | $ | (0.01 | ) |
Total income (loss) per share |  | $ | 0.01 |  |  | $ | (0.22 | ) |  | $ | — |  |  | $ | (0.25 | ) |
Diluted |  |  |  |  |  |  |  |  |
Continuing Operations |  | $ | 0.01 |  |  | $ | (0.25 | ) |  | $ | 0.02 |  |  | $ | (0.24 | ) |
Discontinued Operations |  | $ | — |  |  | $ | 0.03 |  |  | $ | (0.02 | ) |  | $ | (0.01 | ) |
Total earnings (loss) per share |  | $ | 0.01 |  |  | $ | (0.22 | ) |  | $ | — |  |  | $ | (0.25 | ) | *
* - Certain charges relating to the continued restructuring of the Company's business should have been recognized in the second quarter of 2015. The Company subsequently corrected this error and recorded these charges during the fourth quarter of 2015. The impact of this item would have increased net loss by $420,000 in the second quarter of 2015 and correspondingly decreased net loss by $420,000 in the fourth quarter of 2015. The Company's management assessed the impact of such errors on the financial statements and determined that the errors in the second quarter of 2015 and the related correction in the fourth quarter 2015 did not have a material impact on the Company's financial statements for each of those quarters. Therefore, the Company's management determined that no restatement of prior filings is necessary.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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