XML 15 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Aug. 31, 2018
Aug. 31, 2017
Cash flows from operations:    
Net (loss) from continuing operations $ (1,948,093) $ (720,900)
Net (loss) from discontinued operations (50,853) (33,482)
Adjustments to reconcile net (loss) to net cash (used in) operating activities:    
Stock based compensation 158,090 92,225
Loss on release of cumulative translation adjustment 253,180
Realized foreign currency loss 3,830 60,411
Impairment of asset held for lease (199,175)
(Gain)/Loss on disposal of property, plant, and equipment (12,084) 20,824
Depreciation and amortization expense 681,939 516,642
Bad debt expense (recovery) (8,090) 15,452
Deferred income taxes (103,854) (319,833)
Changes in assets and liabilities:    
Accounts receivable (222,783) (1,011,520)
Inventories 489,189 348,888
Income taxes receivable 265,924
Net investment in sales-type leases (329,021)
Other assets 100,020 (155,776)
Accounts payable 172,943 870,377
Contracts in progress, net 9,056 182,985
Customer deposits (466,401) (164,970)
Income taxes payable 400 3,100
Accrued expenses 252,748 14,638
Net cash provided by (used in) operating activities - continuing operations (769,756) 18,467
Net cash (used in) operating activities - discontinued operations (89,697) (69,028)
Net cash (used in) operating activities (859,453) (50,561)
Cash flows from investing activities:    
Purchases of property, plant, and equipment (265,418) (472,031)
Net proceeds from sale of assets 52,607 17,156
Net cash (used in) investing activities - continuing operations (212,811) (454,875)
Net cash provided by investing activities - discontinued operations 1,418,761 40,936
Net cash provided by (used in) investing activities 1,205,950 (413,939)
Cash flows from financing activities:    
Net change in line of credit (231,000) (450,000)
Repayment of term debt (164,115) (551,585)
Repurchases of common stock (21,310) (6,425)
Net cash provided by (used in) financing activities - continuing operations 45,575 (108,010)
Net cash (used in) financing activities - discontinued operations (599,584) (97,930)
Net cash (used in) financing activities (554,009) (205,940)
Net (decrease) in cash (207,512) (670,440)
Cash at beginning of period 212,400 1,063,716
Cash at end of period 4,888 393,276
Supplemental disclosures of cash flow information:    
Interest 225,249 247,330
Income taxes 3,600
Supplemental disclosures of non-cash operating and investing activities:    
Transfer of inventory to assets held for lease $ 808,766