XML 60 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (USD $)
12 Months Ended
Nov. 30, 2012
Nov. 30, 2011
Net sales $ 36,456,830 $ 27,619,760
Cost of goods sold 26,424,567 20,612,750
Gross profit 10,032,263 7,007,010
Expenses:    
Engineering 331,061 433,766
Selling 1,611,215 1,703,072
General and administrative 3,762,162 2,940,408
Total expenses 5,704,438 5,077,246
Income from operations 4,327,825 1,929,764
Other income (expense):    
Interest expense (413,594) (428,538)
Other 73,796 79,708
Total other income (loss) (339,798) (348,830)
Income before income taxes 3,988,027 1,580,934
Current tax expense 1,364,661 201,632
Deferred tax expense (41,721) 130,407
Net income $ 2,665,087 $ 1,248,895
Net income per share:    
Basic net income (loss) per share (in Dollars per share) $ 0.66 $ 0.31
Diluted net income (loss) per share (in Dollars per share) $ 0.66 $ 0.31
Weighted average outstanding shares used to compute basic net income per share (in Shares) 4,032,643 4,018,196
Weighted average outstanding shares used to compute diluted net income per share (in Shares) 4,049,516 4,049,268