 |
v2.4.0.6
|
Consolidated Statements of Operations (USD $)
|
12 Months Ended |
|
Nov. 30, 2011
|
Nov. 30, 2010
|
| Net sales |
$ 27,619,760 |
$ 28,951,378 |
| Cost of goods sold |
20,612,750 |
22,142,242 |
| Gross profit |
7,007,010 |
6,809,136 |
| Expenses: |
|
|
| Engineering |
433,766 |
417,521 |
| Selling |
1,703,072 |
1,810,522 |
| General and administrative |
2,940,408 |
2,686,065 |
| Total expenses |
5,077,246 |
4,914,108 |
| Income from operations |
1,929,764 |
1,895,028 |
| Other income (expense): |
|
|
| Interest expense |
(428,538) |
(423,267) |
| Other |
79,708 |
86,162 |
| Total other income (loss) |
(348,830) |
(337,105) |
| Income before income taxes |
1,580,934 |
1,557,923 |
| Current tax expense |
395,124 |
488,426 |
| Deferred tax expense (benefit) |
(63,085) |
16,000 |
| Net income |
$ 1,248,895 |
$ 1,053,497 |
| Net income per share: |
|
|
| Basic net income per share (in Dollars per share) |
$ 0.31 |
$ 0.26 |
| Diluted net income per share (in Dollars per share) |
$ 0.31 |
$ 0.26 |
| Weighted average outstanding shares used to compute basic net income per share (in Shares) |
4,018,196 |
3,993,337 |
| Weighted average outstanding shares used to compute diluted net income per share (in Shares) |
4,049,268 |
4,011,754 |
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Number 128
-Paragraph 40
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.
Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.
Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Emerging Issues Task Force (EITF)
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