XML 17 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Aug. 31, 2017
Aug. 31, 2016
Cash flows from operations:    
Net income (loss) from continuing operations $ (720,900) $ 807
Net (loss) from discontinued operations (33,482) (264,685)
Adjustments to reconcile net (loss) to net cash provided by operating activities:    
Stock based compensation 92,225 70,846
Unrealized foreign currency loss
Impairment of Asset Available for Sale
(Gain)/Loss on disposal of property, plant, and equipment 20,824 (26,473)
Depreciation and amortization expense 516,642 516,904
Impairment of goodwill
Bad debt expense 15,452 24,527
Deferred income taxes (319,833) (64,969)
Changes in assets and liabilities:    
Accounts receivable (1,011,520) (842,313)
Inventories 348,888 1,517,567
Income taxes receivable 265,924 192,041
Other assets (155,776) (233,758)
Accounts payable 870,377 622,394
Contracts in progress, net 182,985 (147,356)
Customer deposits (164,970) (100,631)
Income taxes payable 3,100
Accrued expenses 14,638 (247,339)
Net cash provided by (used in) operating activities - continuing operations (41,944) 1,282,247
Net cash provided by (used in) operating activities - discontinued operations (69,028) 82,632
Net cash provided by (used in) operating activities (110,972) 1,364,879
Cash flows from investing activities:    
Purchases of property, plant, and equipment (472,031) (114,376)
Net proceeds from sale of assets 17,156 1,173,492
Net cash provided by (used in) investing activities - continuing operations (454,875) 1,059,116
Net cash provided by (used in) investing activities - discontinued operations 40,936 (19,068)
Net cash provided by (used in) investing activities (413,939) 1,040,048
Cash flows from financing activities:    
Net change in line of credit (450,000) 525,542
Repayment of term debt (551,585) (1,730,774)
Repurchases of common stock (6,425)
Net cash (used in) financing activities - continuing operations (108,010) (2,256,316)
Net cash (used in) financing activities - discontinued operations (97,930) (94,789)
Net cash (used in) financing activities (205,940) (2,351,105)
Effect of exchange rate changes on cash 60,411
Net increase (decrease) in cash (670,440) 53,822
Cash at beginning of period 1,063,716 447,231
Cash at end of period 393,276 501,053
Supplemental disclosures of cash flow information:    
Interest 247,330 202,007
Income taxes $ 4,872