cash flow

20170203025934pure_bread_financials_1.xls

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<h3>Company Financials</h3><h2>BAB Inc <a href=www.babcorp.com>(www.babcorp.com)</a></h2><h3>Industry NAICS code: 722515 (Coffee Shops, Doughnut Shops, Ice Cream Parlors, Canteens and Snack Bars)</h3><table><div ><table class = 'table table-hover table-bordered table-striped' width=100%><caption>Income Statement</caption><th class='SYN text-left small'>Fiscal Year ends in November. <br/>$USD, In whole numbers, <br/> except marked * or %</th><th class='SYN text-right' >Nov 2015</th><th class='SYN text-right' >Nov 2014</th><th class='SYN text-right' >Nov 2013</th><th class='SYN text-right' >Nov 2012</th><th class='SYN text-right' >Nov 2011</th><tr title='Column Name'><td class='indented-left text-left'>Column Name</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr title='Total Revenue'><td class='indented-left text-left'>Total Revenue</td><td align='right'>2,215,780</td><td align='right'>2,534,590</td><td align='right'>2,450,194</td><td align='right'>2,674,822</td><td align='right'>3,023,276</td></tr><tr title='Cost Of Revenue'><td class='indented-left text-left'>Cost Of Revenue</td><td align='right'>0</td><td align='right'>0</td><td align='right'>0</td><td align='right'>0</td><td align='right'>397,148</td></tr><tr title='Gross Profit'><td class='indented-left text-left'>Gross Profit</td><td align='right'>2,215,780</td><td align='right'>2,534,590</td><td align='right'>2,450,194</td><td align='right'>2,674,822</td><td align='right'>2,626,128</td></tr><tr title='Operating Expenses'><td class='indented-left text-left'>Operating Expenses</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr title='General & Administrative Costs'><td class='indented-left text-left'>    General & Administrative Costs</td><td align='right'>1,836,879</td><td align='right'>1,658,173</td><td align='right'>1,744,411</td><td align='right'>1,797,437</td><td align='right'>1,706,850</td></tr><tr title='SGA Expense'><td class='indented-left text-left'>    SGA Expense</td><td align='right'>1,894,370</td><td align='right'>1,696,124</td><td align='right'>1,804,958</td><td align='right'>1,857,388</td><td align='right'>1,779,712</td></tr><tr title='R&D Expense'><td class='indented-left text-left'>    R&D Expense</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr title='Other Operating Expenses'><td class='indented-left text-left'>    Other Operating Expenses</td><td align='right'>218,403</td><td align='right'>300,468</td><td align='right'>259,905</td><td align='right'>378,868</td><td align='right'>442,760</td></tr><tr title='Restructuring and Merger/Acquisition Costs'><td class='indented-left text-left'>    Restructuring and Merger/Acquisition Costs</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr title='Amortization'><td class='indented-left text-left'>    Amortization</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr class=bold title='Total Operating Expenses'><td class='indented-left text-left'>    Total Operating Expenses</td><td align='right'>2,112,773</td><td align='right'>1,996,592</td><td align='right'>2,064,863</td><td align='right'>2,236,256</td><td align='right'>2,222,472</td></tr><tr title='Operating Income'><td class='indented-left text-left'>Operating Income</td><td align='right'>103,007</td><td align='right'>537,998</td><td align='right'>385,331</td><td align='right'>438,566</td><td align='right'>403,656</td></tr><tr title='Misc Other Special Charges'><td class='indented-left text-left'>Misc Other Special Charges</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr title='Interest Expense'><td class='indented-left text-left'>Interest Expense</td><td align='right'>2,850</td><td align='right'>4,308</td><td align='right'>5,699</td><td align='right'>7,028</td><td align='right'>8,296</td></tr><tr title='Gain On Sale Of Security'><td class='indented-left text-left'>Gain On Sale Of Security</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr title='Other Income (expense)'><td class='indented-left text-left'>Other Income (expense)</td><td align='right'>0</td><td align='right'>0</td><td align='right'>0</td><td align='right'>0</td><td align='right'>0</td></tr><tr title='Pre-Tax Income'><td class='indented-left text-left'>Pre-Tax Income</td><td align='right'>101,862</td><td align='right'>534,363</td><td align='right'>380,600</td><td align='right'>434,080</td><td align='right'>399,063</td></tr><tr title='Income Taxes'><td class='indented-left text-left'>Income Taxes</td><td align='right'>(8,500)</td><td align='right'>22,417</td><td align='right'>30,067</td><td align='right'>15,000</td><td align='right'>5,000</td></tr><tr title='Net Income from Continuous Operations'><td class='indented-left text-left'>Net Income from Continuous Operations</td><td align='right'>110,362</td><td align='right'>511,946</td><td align='right'>350,533</td><td align='right'>419,080</td><td align='right'>394,063</td></tr><tr title='Net Income for Common Stockholders'><td class='indented-left text-left'>Net Income for Common Stockholders</td><td align='right'>110,362</td><td align='right'>511,946</td><td align='right'>350,533</td><td align='right'>419,080</td><td align='right'>394,063</td></tr><tr title='Earnings per Share'><td class='indented-left text-left'>Earnings per Share</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr title='Basic Earnings per Share'><td class='indented-left text-left'>    Basic Earnings per Share</td><td align='right'>0.02</td><td align='right'>0.07</td><td align='right'>0.05</td><td align='right'>0.06</td><td align='right'>0.05</td></tr><tr title='Diluted Earnings per Share'><td class='indented-left text-left'>    Diluted Earnings per Share</td><td align='right'>0.02</td><td align='right'>0.07</td><td align='right'>0.05</td><td align='right'>0.06</td><td align='right'>0.05</td></tr><tr title='Weighted Average Shares'><td class='indented-left text-left'>Weighted Average Shares</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr title='Basic Average Shares'><td class='indented-left text-left'>    Basic Average Shares</td><td align='right'>7,263,508</td><td align='right'>7,263,508</td><td align='right'>7,263,508</td><td align='right'>7,263,508</td><td align='right'>7,263,508</td></tr><tr title='Diluted Average Shares'><td class='indented-left text-left'>    Diluted Average Shares</td><td align='right'>7,263,508</td><td align='right'>7,263,508</td><td align='right'>7,268,608</td><td align='right'>7,265,860</td><td align='right'>7,265,265</td></tr><tr title='Common Dividend'><td class='indented-left text-left'>Common Dividend</td><td align='right'>0.04</td><td align='right'>0.04</td><td align='right'>0.03</td><td align='right'>0.03</td><td align='right'>0.04</td></tr></table></div></table><table><div id='BalanceSheet' style="display:none;"><table class = 'table table-hover table-bordered table-striped' width=100%><caption>Balance Sheet</caption><th class='SYN text-left small'>Fiscal Year ends in November. <br/>$USD, In whole numbers, <br/> except marked * or %</th><th class='SYN text-right' >Nov 2015</th><th class='SYN text-right' >Nov 2014</th><th class='SYN text-right' >Nov 2013</th><th class='SYN text-right' >Nov 2012</th><th class='SYN text-right' >Nov 2011</th><tr title='Assets'><td class='indented-left text-left'>Assets</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr title='Current Assets'><td class='indented-left text-left'>    Current Assets</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr title='Cash'><td class='indented-left text-left'>        Cash</td><td align='right'>837,382</td><td align='right'>709,555</td><td align='right'>683,891</td><td align='right'>1,256,257</td><td align='right'>1,236,125</td></tr><tr title='Cash And Cash Equivalents'><td class='indented-left text-left'>        Cash And Cash Equivalents</td><td align='right'>837,382</td><td align='right'>709,555</td><td align='right'>683,891</td><td align='right'>1,256,257</td><td align='right'>1,236,125</td></tr><tr title='Short-Term Investments'><td class='indented-left text-left'>        Short-Term Investments</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr class=bold title='Total Cash'><td class='indented-left text-left'>        Total Cash</td><td align='right'>1,674,764</td><td align='right'>1,419,110</td><td align='right'>1,367,782</td><td align='right'>2,512,514</td><td align='right'>2,472,250</td></tr><tr title='Receivables'><td class='indented-left text-left'>    Receivables</td><td align='right'>96,190</td><td align='right'>206,683</td><td align='right'>147,311</td><td align='right'>102,455</td><td align='right'>132,286</td></tr><tr title='Inventory'><td class='indented-left text-left'>    Inventory</td><td align='right'>26,824</td><td align='right'>25,519</td><td align='right'>27,544</td><td align='right'>26,953</td><td align='right'>23,625</td></tr><tr title='Deferred Income Taxes'><td class='indented-left text-left'>    Deferred Income Taxes</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr title='Prepaid Expenses'><td class='indented-left text-left'>    Prepaid Expenses</td><td align='right'>83,796</td><td align='right'>73,943</td><td align='right'>81,532</td><td align='right'>65,991</td><td align='right'>83,659</td></tr><tr title='Other Current Assets'><td class='indented-left text-left'>    Other Current Assets</td><td align='right'>0</td><td align='right'>0</td><td align='right'>0</td><td align='right'>0</td><td align='right'>0</td></tr><tr class=bold title='Total Current Assets'><td class='indented-left text-left'>    Total Current Assets</td><td align='right'>1,464,931</td><td align='right'>1,436,534</td><td align='right'>1,521,747</td><td align='right'>1,828,493</td><td align='right'>1,813,237</td></tr><tr title='Non-Current Assets'><td class='indented-left text-left'>    Non-Current Assets</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr title='Gross Property, Plant & Equipment'><td class='indented-left text-left'>        Gross Property, Plant & Equipment</td><td align='right'>153,559</td><td align='right'>153,559</td><td align='right'>153,561</td><td align='right'>150,066</td><td align='right'>143,665</td></tr><tr title='Accumulated Depreciation'><td class='indented-left text-left'>        Accumulated Depreciation</td><td align='right'>(150,083)</td><td align='right'>(147,638)</td><td align='right'>(143,459)</td><td align='right'>(139,293)</td><td align='right'>(133,294)</td></tr><tr class=bold title='Net Property, Plant & Equipment'><td class='indented-left text-left'>        Net Property, Plant & Equipment</td><td align='right'>3,476</td><td align='right'>5,921</td><td align='right'>10,102</td><td align='right'>10,773</td><td align='right'>10,371</td></tr><tr title='Goodwill'><td class='indented-left text-left'>    Goodwill</td><td align='right'>1,493,771</td><td align='right'>1,493,771</td><td align='right'>1,493,771</td><td align='right'>1,493,771</td><td align='right'>1,493,771</td></tr><tr title='Intangible Assets'><td class='indented-left text-left'>    Intangible Assets</td><td align='right'>478,169</td><td align='right'>489,666</td><td align='right'>495,825</td><td align='right'>504,732</td><td align='right'>512,860</td></tr><tr title='Other Long Term Assets'><td class='indented-left text-left'>    Other Long Term Assets</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr class=bold title='Total Non Current Assets'><td class='indented-left text-left'>    Total Non Current Assets</td><td align='right'>2,223,416</td><td align='right'>2,237,358</td><td align='right'>2,251,481</td><td align='right'>2,261,059</td><td align='right'>2,274,460</td></tr><tr class=bold title='Total Assets'><td class='indented-left text-left'>Total Assets</td><td align='right'>3,688,347</td><td align='right'>3,673,892</td><td align='right'>3,773,228</td><td align='right'>4,089,552</td><td align='right'>4,087,697</td></tr><tr title='Liabilities and stockholders' equity'><td class='indented-left text-left'>Liabilities and stockholders' equity</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr title='Liabilities'><td class='indented-left text-left'>    Liabilities</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr title='Current Liabilities'><td class='indented-left text-left'>    Current Liabilities</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr title='Short-Term Debt'><td class='indented-left text-left'>        Short-Term Debt</td><td align='right'>33,413</td><td align='right'>31,898</td><td align='right'>30,451</td><td align='right'>29,070</td><td align='right'>27,752</td></tr><tr title='Accounts Payable'><td class='indented-left text-left'>        Accounts Payable</td><td align='right'>13,055</td><td align='right'>10,845</td><td align='right'>22,543</td><td align='right'>14,120</td><td align='right'>45,752</td></tr><tr title='Deferred Revenues'><td class='indented-left text-left'>        Deferred Revenues</td><td align='right'>137,083</td><td align='right'>72,083</td><td align='right'>86,667</td><td align='right'>70,833</td><td align='right'>51,250</td></tr><tr title='Accrued Liabilities'><td class='indented-left text-left'>        Accrued Liabilities</td><td align='right'>442,105</td><td align='right'>213,750</td><td align='right'>360,683</td><td align='right'>393,477</td><td align='right'>357,739</td></tr><tr class=bold title='Total Current Liabilities'><td class='indented-left text-left'>        Total Current Liabilities</td><td align='right'>937,572</td><td align='right'>636,891</td><td align='right'>780,464</td><td align='right'>835,788</td><td align='right'>1,006,038</td></tr><tr title='Non-Current Liabilities'><td class='indented-left text-left'>    Non-Current Liabilities</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr title='Long Term Debt'><td class='indented-left text-left'>        Long Term Debt</td><td align='right'> - </td><td align='right'>33,413</td><td align='right'>65,311</td><td align='right'>95,762</td><td align='right'>124,832</td></tr><tr title='Deferred Tax Liability'><td class='indented-left text-left'>        Deferred Tax Liability</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr title='Minority Interest'><td class='indented-left text-left'>        Minority Interest</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr title='Pensions & Other Benefits'><td class='indented-left text-left'>        Pensions & Other Benefits</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr title='Other Non Current Liabilities'><td class='indented-left text-left'>        Other Non Current Liabilities</td><td align='right'> - </td><td align='right'>0</td><td align='right'>0</td><td align='right'>0</td><td align='right'>0</td></tr><tr class=bold title='Total Non Current Liabilities'><td class='indented-left text-left'>        Total Non Current Liabilities</td><td align='right'>0</td><td align='right'>33,413</td><td align='right'>65,311</td><td align='right'>95,762</td><td align='right'>124,832</td></tr><tr class=bold title='Total Liabilities'><td class='indented-left text-left'>Total Liabilities</td><td align='right'>937,572</td><td align='right'>670,304</td><td align='right'>845,775</td><td align='right'>931,550</td><td align='right'>1,130,870</td></tr><tr title='Stockholders' Equity'><td class='indented-left text-left'>    Stockholders' Equity</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr title='Common Stock'><td class='indented-left text-left'>    Common Stock</td><td align='right'>13,508,260</td><td align='right'>13,508,260</td><td align='right'>13,508,260</td><td align='right'>13,508,260</td><td align='right'>13,508,260</td></tr><tr title='Additional Paid In Capital'><td class='indented-left text-left'>    Additional Paid In Capital</td><td align='right'>987,034</td><td align='right'>987,034</td><td align='right'>987,034</td><td align='right'>987,034</td><td align='right'>987,034</td></tr><tr title='Retained Earnings'><td class='indented-left text-left'>    Retained Earnings</td><td align='right'>(11,521,740)</td><td align='right'>(11,268,920)</td><td align='right'>(11,345,060)</td><td align='right'>(11,114,510)</td><td align='right'>(11,315,680)</td></tr><tr title='Preferred Stock'><td class='indented-left text-left'>    Preferred Stock</td><td align='right'> - </td><td align='right'>0</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr title='Treasury Stock'><td class='indented-left text-left'>    Treasury Stock</td><td align='right'>(222,781)</td><td align='right'>(222,781)</td><td align='right'>(222,781)</td><td align='right'>(222,781)</td><td align='right'>(222,781)</td></tr><tr class=bold title='Total Stockholders' Equity'><td class='indented-left text-left'>    Total Stockholders' Equity</td><td align='right'>2,750,775</td><td align='right'>3,003,588</td><td align='right'>2,927,453</td><td align='right'>3,158,002</td><td align='right'>2,956,827</td></tr><tr class=bold title='Total Liabilities & Shareholders' Equity'><td class='indented-left text-left'>Total Liabilities & Shareholders' Equity</td><td align='right'>3,688,347</td><td align='right'>3,673,892</td><td align='right'>3,773,228</td><td align='right'>4,089,552</td><td align='right'>4,087,697</td></tr></table></div></table><table><div id='CashFlow' style="display:none;"><table class = 'table table-hover table-bordered table-striped' width=100%><caption>Cash Flow</caption><th class='SYN text-left small'>Fiscal Year ends in November. <br/>$USD, In whole numbers, <br/> except marked * or %</th><th class='SYN text-right' >Nov 2015</th><th class='SYN text-right' >Nov 2014</th><th class='SYN text-right' >Nov 2013</th><th class='SYN text-right' >Nov 2012</th><th class='SYN text-right' >Nov 2011</th><tr title='Operating Cash Flow'><td class='indented-left text-left'>Operating Cash Flow</td><td align='right'>526,103</td><td align='right'>499,569</td><td align='right'>45,701</td><td align='right'>494,892</td><td align='right'>463,670</td></tr><tr title='Net Income'><td class='indented-left text-left'>    Net Income</td><td align='right'>110,362</td><td align='right'>511,946</td><td align='right'>350,533</td><td align='right'>419,080</td><td align='right'>394,063</td></tr><tr title='Depreciation And Amortization'><td class='indented-left text-left'>    Depreciation And Amortization</td><td align='right'>17,145</td><td align='right'>17,983</td><td align='right'>17,493</td><td align='right'>18,924</td><td align='right'>26,389</td></tr><tr title='Investment/Asset Impairment'><td class='indented-left text-left'>    Investment/Asset Impairment</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr title='Deferred Income Taxes'><td class='indented-left text-left'>    Deferred Income Taxes</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr title='Stock Based Compensation'><td class='indented-left text-left'>    Stock Based Compensation</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'>0</td><td align='right'>9,645</td></tr><tr title='Accounts Receivable'><td class='indented-left text-left'>    Accounts Receivable</td><td align='right'>118,869</td><td align='right'>(117,596)</td><td align='right'>(33,593)</td><td align='right'>39,290</td><td align='right'>14,431</td></tr><tr title='Cash From Discontinued Operating<br /> Activities'><td class='indented-left text-left'>    Cash From Discontinued Operating<br /> Activities</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr title='Change In Inventory'><td class='indented-left text-left'>    Change In Inventory</td><td align='right'>(1,305)</td><td align='right'>2,025</td><td align='right'>(591)</td><td align='right'>(3,328)</td><td align='right'>10,480</td></tr><tr title='Change In Account Payable'><td class='indented-left text-left'>    Change In Account Payable</td><td align='right'>2,210</td><td align='right'>(11,698)</td><td align='right'>8,423</td><td align='right'>(31,632)</td><td align='right'>8,803</td></tr><tr title='Prepaid Expenses'><td class='indented-left text-left'>    Prepaid Expenses</td><td align='right'>(9,853)</td><td align='right'>7,589</td><td align='right'>(15,541)</td><td align='right'>17,668</td><td align='right'>6,333</td></tr><tr title='Accrued Liabilities'><td class='indented-left text-left'>    Accrued Liabilities</td><td align='right'>228,355</td><td align='right'>(146,933)</td><td align='right'>(32,794)</td><td align='right'>35,738</td><td align='right'>118,869</td></tr><tr title='Income Tax Payable'><td class='indented-left text-left'>    Income Tax Payable</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr title='Other Working Capital'><td class='indented-left text-left'>    Other Working Capital</td><td align='right'>406,972</td><td align='right'>(92,367)</td><td align='right'>(311,062)</td><td align='right'>60,672</td><td align='right'>26,801</td></tr><tr title='Other Non CashItems'><td class='indented-left text-left'>    Other Non CashItems</td><td align='right'>(8,376)</td><td align='right'>58,224</td><td align='right'>(11,263)</td><td align='right'>0</td><td align='right'>9,645</td></tr><tr class=bold title='Operating Cash Flow'><td class='indented-left text-left'>Operating Cash Flow</td><td align='right'>526,103</td><td align='right'>499,569</td><td align='right'>45,701</td><td align='right'>494,892</td><td align='right'>463,670</td></tr><tr title='Cash Flow from Investing'><td class='indented-left text-left'>    Cash Flow from Investing</td><td align='right'>(3,203)</td><td align='right'>(7,643)</td><td align='right'>(7,915)</td><td align='right'>(11,198)</td><td align='right'>(8,178)</td></tr><tr title='Purchase of Property, Plants & Equipment'><td class='indented-left text-left'>    Purchase of Property, Plants & Equipment</td><td align='right'> - </td><td align='right'>0</td><td align='right'>(3,495)</td><td align='right'>(6,400)</td><td align='right'>(8,317)</td></tr><tr title='Net Investment Purchase & Sale'><td class='indented-left text-left'>    Net Investment Purchase & Sale</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr title='Acquisitions, net'><td class='indented-left text-left'>    Acquisitions, net</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr title='Purchase Of Investments'><td class='indented-left text-left'>    Purchase Of Investments</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr title='Sales/Maturities of Investments'><td class='indented-left text-left'>    Sales/Maturities of Investments</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr title='Net Other Investing Changes'><td class='indented-left text-left'>    Net Other Investing Changes</td><td align='right'>0</td><td align='right'>0</td><td align='right'>0</td><td align='right'>0</td><td align='right'>0</td></tr><tr class=bold title='Cash Flow from Investing'><td class='indented-left text-left'>Cash Flow from Investing</td><td align='right'>(3,203)</td><td align='right'>(7,643)</td><td align='right'>(7,915)</td><td align='right'>(11,198)</td><td align='right'>(8,178)</td></tr><tr title='Financing Cash Flow'><td class='indented-left text-left'>    Financing Cash Flow</td><td align='right'>(395,073)</td><td align='right'>(466,262)</td><td align='right'>(610,152)</td><td align='right'>(463,562)</td><td align='right'>(462,304)</td></tr><tr title='Issuance Of Debt'><td class='indented-left text-left'>    Issuance Of Debt</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr title='Repayment Of Debt'><td class='indented-left text-left'>    Repayment Of Debt</td><td align='right'>(31,898)</td><td align='right'>(30,451)</td><td align='right'>(29,070)</td><td align='right'>(27,752)</td><td align='right'>(26,494)</td></tr><tr title='Common Stock Issued'><td class='indented-left text-left'>    Common Stock Issued</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr title='Cash Dividends Paid'><td class='indented-left text-left'>    Cash Dividends Paid</td><td align='right'>(363,175)</td><td align='right'>(435,811)</td><td align='right'>(581,082)</td><td align='right'>(435,810)</td><td align='right'>(435,810)</td></tr><tr title='Other Financing Activities'><td class='indented-left text-left'>    Other Financing Activities</td><td align='right'>0</td><td align='right'>0</td><td align='right'>0</td><td align='right'>0</td><td align='right'>0</td></tr><tr title='Effect of Changes in Currency Exchange Rates'><td class='indented-left text-left'>    Effect of Changes in Currency Exchange Rates</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr title='Net Change in Cash'><td class='indented-left text-left'>    Net Change in Cash</td><td align='right'>127,827</td><td align='right'>25,664</td><td align='right'>(572,366)</td><td align='right'>20,132</td><td align='right'>(6,812)</td></tr><tr title='Beginning Cash Position'><td class='indented-left text-left'>    Beginning Cash Position</td><td align='right'>709,555</td><td align='right'>683,891</td><td align='right'>1,256,257</td><td align='right'>1,236,125</td><td align='right'>1,242,937</td></tr><tr title='End Cash Position'><td class='indented-left text-left'>    End Cash Position</td><td align='right'>837,382</td><td align='right'>709,555</td><td align='right'>683,891</td><td align='right'>1,256,257</td><td align='right'>1,236,125</td></tr><tr class=bold title='Free Cash Flow'><td class='indented-left text-left'>Free Cash Flow</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr title='Operating Cash Flow'><td class='indented-left text-left'>    Operating Cash Flow</td><td align='right'>526,103</td><td align='right'>499,569</td><td align='right'>45,701</td><td align='right'>494,892</td><td align='right'>463,670</td></tr><tr title='Capital Expenditure'><td class='indented-left text-left'>    Capital Expenditure</td><td align='right'>(3,203)</td><td align='right'>(7,643)</td><td align='right'>(7,915)</td><td align='right'>(11,198)</td><td align='right'>(11,145)</td></tr><tr title='Free Cash Flow'><td class='indented-left text-left'>    Free Cash Flow</td><td align='right'>522,900</td><td align='right'>491,926</td><td align='right'>37,786</td><td align='right'>483,694</td><td align='right'>452,525</td></tr></table></div></table><table><div id='Ratios' style="display:none;"><table class = 'table table-hover table-bordered table-striped' width=100%><caption>Ratios</caption><th class='SYN text-left small'>Fiscal Year ends in November. <br/>$USD,</th><th class='SYN text-right' >Nov 2015</th><th class='SYN text-right' >Nov 2014</th><th class='SYN text-right' >Nov 2013</th><th class='SYN text-right' >Nov 2012</th><th class='SYN text-right' >Nov 2011</th><tr class=bold title='Profitability Ratios'><td class='indented-left text-left'>Profitability Ratios</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr title='EBITDA Margin'><td class='indented-left text-left'>    EBITDA Margin</td><td align='right'>0.05</td><td align='right'>0.22</td><td align='right'>0.16</td><td align='right'>0.17</td><td align='right'>0.14</td></tr><tr title='EBIT Margin'><td class='indented-left text-left'>    EBIT Margin</td><td align='right'>0.05</td><td align='right'>0.21</td><td align='right'>0.16</td><td align='right'>0.16</td><td align='right'>0.13</td></tr><tr title='Gross Margin %'><td class='indented-left text-left'>    Gross Margin %</td><td align='right'>100.00</td><td align='right'>100.00</td><td align='right'>100.00</td><td align='right'>100.00</td><td align='right'>86.86</td></tr><tr title='Operating Margin %'><td class='indented-left text-left'>    Operating Margin %</td><td align='right'>4.65</td><td align='right'>21.23</td><td align='right'>15.73</td><td align='right'>16.40</td><td align='right'>13.35</td></tr><tr title='Tax Rate %'><td class='indented-left text-left'>    Tax Rate %</td><td align='right'> - </td><td align='right'>4.20</td><td align='right'>7.90</td><td align='right'>3.46</td><td align='right'>1.25</td></tr><tr title='Book Value PerShare'><td class='indented-left text-left'>    Book Value PerShare</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr title='Net Margin %'><td class='indented-left text-left'>    Net Margin %</td><td align='right'>4.98</td><td align='right'>20.20</td><td align='right'>14.31</td><td align='right'>15.67</td><td align='right'>13.03</td></tr><tr title='Assets Turnover'><td class='indented-left text-left'>    Assets Turnover</td><td align='right'>0.60</td><td align='right'>0.68</td><td align='right'>0.62</td><td align='right'>0.65</td><td align='right'>0.74</td></tr><tr title='Return on Assets (ROA) %'><td class='indented-left text-left'>    Return on Assets (ROA) %</td><td align='right'>3.00</td><td align='right'>13.75</td><td align='right'>8.92</td><td align='right'>10.25</td><td align='right'>9.66</td></tr><tr title='Return on Equity (ROE) %'><td class='indented-left text-left'>    Return on Equity (ROE) %</td><td align='right'>3.84</td><td align='right'>17.26</td><td align='right'>11.52</td><td align='right'>13.71</td><td align='right'>12.79</td></tr><tr title='Return on Invested Capital (ROIC) %'><td class='indented-left text-left'>    Return on Invested Capital (ROIC) %</td><td align='right'>3.83</td><td align='right'>16.92</td><td align='right'>11.26</td><td align='right'>13.25</td><td align='right'>12.27</td></tr><tr class=bold title='Growth Ratios'><td class='indented-left text-left'>Growth Ratios</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr class=bold title='Revenue %'><td class='indented-left text-left'>    Revenue %</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr title='Year over Year %'><td class='indented-left text-left'>        Year over Year %</td><td align='right'>-12.58</td><td align='right'>3.44</td><td align='right'>-8.40</td><td align='right'>-11.53</td><td align='right'>3.76</td></tr><tr title='3-Year Average %'><td class='indented-left text-left'>        3-Year Average %</td><td align='right'>-6.08</td><td align='right'>-5.71</td><td align='right'>-5.61</td><td align='right'>-5.53</td><td align='right'>-7.16</td></tr><tr title='5-Year Average %'><td class='indented-left text-left'>        5-Year Average %</td><td align='right'>-5.33</td><td align='right'>-4.39</td><td align='right'>-8.30</td><td align='right'>-7.71</td><td align='right'>-5.05</td></tr><tr title='10-Year Average %'><td class='indented-left text-left'>        10-Year Average %</td><td align='right'>-8.04</td><td align='right'>-7.80</td><td align='right'>-10.17</td><td align='right'>-10.97</td><td align='right'>-11.72</td></tr><tr class=bold title='Operating Income %'><td class='indented-left text-left'>    Operating Income %</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr title='Year over Year %'><td class='indented-left text-left'>        Year over Year %</td><td align='right'>-80.85</td><td align='right'>39.62</td><td align='right'>-12.14</td><td align='right'>8.65</td><td align='right'>-1.91</td></tr><tr title='3-Year Average %'><td class='indented-left text-left'>        3-Year Average %</td><td align='right'>-38.30</td><td align='right'>10.05</td><td align='right'>-2.17</td><td align='right'> - </td><td align='right'>-12.60</td></tr><tr title='5-Year Average %'><td class='indented-left text-left'>        5-Year Average %</td><td align='right'>-24.20</td><td align='right'> - </td><td align='right'>-8.62</td><td align='right'>-8.71</td><td align='right'>-10.15</td></tr><tr title='10-Year Average %'><td class='indented-left text-left'>        10-Year Average %</td><td align='right'>-17.75</td><td align='right'>-2.73</td><td align='right'>-5.78</td><td align='right'>1.25</td><td align='right'> - </td></tr><tr class=bold title='Net Income %'><td class='indented-left text-left'>    Net Income %</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr title='Year over Year %'><td class='indented-left text-left'>        Year over Year %</td><td align='right'>-78.44</td><td align='right'>46.05</td><td align='right'>-16.36</td><td align='right'>6.35</td><td align='right'>-3.78</td></tr><tr title='3-Year Average %'><td class='indented-left text-left'>        3-Year Average %</td><td align='right'>-35.90</td><td align='right'>9.12</td><td align='right'>-5.05</td><td align='right'> - </td><td align='right'>-14.18</td></tr><tr title='5-Year Average %'><td class='indented-left text-left'>        5-Year Average %</td><td align='right'>-23.07</td><td align='right'> - </td><td align='right'>-10.88</td><td align='right'>-19.55</td><td align='right'>-11.27</td></tr><tr title='10-Year Average %'><td class='indented-left text-left'>        10-Year Average %</td><td align='right'>-16.78</td><td align='right'>-2.39</td><td align='right'>-5.06</td><td align='right'>2.53</td><td align='right'> - </td></tr><tr class=bold title='Diluted Earnings Per Share %'><td class='indented-left text-left'>    Diluted Earnings Per Share %</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr title='Year over Year %'><td class='indented-left text-left'>        Year over Year %</td><td align='right'>-71.43</td><td align='right'>40.00</td><td align='right'>-16.67</td><td align='right'>20.00</td><td align='right'>-16.67</td></tr><tr title='3-Year Average %'><td class='indented-left text-left'>        3-Year Average %</td><td align='right'>-30.66</td><td align='right'>11.87</td><td align='right'>-5.90</td><td align='right'> - </td><td align='right'>-17.79</td></tr><tr title='5-Year Average %'><td class='indented-left text-left'>        5-Year Average %</td><td align='right'>-19.73</td><td align='right'> - </td><td align='right'>-11.09</td><td align='right'>-18.80</td><td align='right'>-12.94</td></tr><tr title='10-Year Average %'><td class='indented-left text-left'>        10-Year Average %</td><td align='right'>-14.87</td><td align='right'>-2.48</td><td align='right'>-4.54</td><td align='right'>4.80</td><td align='right'> - </td></tr><tr class=bold title='Dividend %'><td class='indented-left text-left'>    Dividend %</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr title='Year over Year %'><td class='indented-left text-left'>        Year over Year %</td><td align='right'>0.00</td><td align='right'>33.33</td><td align='right'>0.00</td><td align='right'>-25.00</td><td align='right'>0.00</td></tr><tr title='3-Year Average %'><td class='indented-left text-left'>        3-Year Average %</td><td align='right'>10.06</td><td align='right'>0.00</td><td align='right'>-9.14</td><td align='right'>-15.66</td><td align='right'>-20.63</td></tr><tr title='5-Year Average %'><td class='indented-left text-left'>        5-Year Average %</td><td align='right'>0.00</td><td align='right'>-4.36</td><td align='right'>-17.81</td><td align='right'>-17.81</td><td align='right'>-7.79</td></tr><tr title='10-Year Average %'><td class='indented-left text-left'>        10-Year Average %</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td></tr><tr class=bold title='Cash Flow Ratios'><td class='indented-left text-left'>Cash Flow Ratios</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr title='Operating Cash Flow'><td class='indented-left text-left'>    Operating Cash Flow</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr title='Year over Year %'><td class='indented-left text-left'>        Year over Year %</td><td align='right'>5.31</td><td align='right'>993.12</td><td align='right'>-90.77</td><td align='right'>6.73</td><td align='right'>-12.02</td></tr><tr title='Free Cash Flow'><td class='indented-left text-left'>    Free Cash Flow</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr title='Year over Year %'><td class='indented-left text-left'>        Year over Year %</td><td align='right'>6.30</td><td align='right'>1201.87</td><td align='right'>-92.19</td><td align='right'>6.89</td><td align='right'>-6.93</td></tr><tr title='Capital Expenditures to Sales'><td class='indented-left text-left'>        Capital Expenditures to Sales</td><td align='right'>0.00</td><td align='right'>0.00</td><td align='right'>0.00</td><td align='right'>0.00</td><td align='right'>0.00</td></tr><tr title='Free Cash Flow to Sales'><td class='indented-left text-left'>        Free Cash Flow to Sales</td><td align='right'>0.24</td><td align='right'>0.19</td><td align='right'>0.02</td><td align='right'>0.18</td><td align='right'>0.15</td></tr><tr title='Free Cash Flow to Net Income'><td class='indented-left text-left'>        Free Cash Flow to Net Income</td><td align='right'>4.74</td><td align='right'>0.96</td><td align='right'>0.11</td><td align='right'>1.15</td><td align='right'>1.15</td></tr><tr class=bold title='Efficiency'><td class='indented-left text-left'>Efficiency</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr title='Days in Sales'><td class='indented-left text-left'>    Days in Sales</td><td align='right'>27.18</td><td align='right'>29.72</td><td align='right'>21.29</td><td align='right'>19.95</td><td align='right'>17.78</td></tr><tr title='Days in Inventory'><td class='indented-left text-left'>    Days in Inventory</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'>26.53</td></tr><tr title='Days in Payment'><td class='indented-left text-left'>    Days in Payment</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'>38.00</td></tr><tr title='Sales per Employee $'><td class='indented-left text-left'>    Sales per Employee $</td><td align='right'>130,340</td><td align='right'>149,094</td><td align='right'>144,129</td><td align='right'>133,741</td><td align='right'>177,840</td></tr><tr title='Cash Conversion Cycle'><td class='indented-left text-left'>    Cash Conversion Cycle</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'>6.31</td></tr><tr title='Receivables Turnover'><td class='indented-left text-left'>    Receivables Turnover</td><td align='right'>13.43</td><td align='right'>12.28</td><td align='right'>17.15</td><td align='right'>18.30</td><td align='right'>20.53</td></tr><tr title='Inventory Turnover'><td class='indented-left text-left'>    Inventory Turnover</td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'> - </td><td align='right'>13.76</td></tr><tr title='Fixed Assets Turnover'><td class='indented-left text-left'>    Fixed Assets Turnover</td><td align='right'>471.59</td><td align='right'>316.37</td><td align='right'>234.75</td><td align='right'>253.01</td><td align='right'>141.51</td></tr><tr title='Assets Turnover'><td class='indented-left text-left'>    Assets Turnover</td><td align='right'>0.60</td><td align='right'>0.68</td><td align='right'>0.62</td><td align='right'>0.65</td><td align='right'>0.74</td></tr><tr title='Capital Expenditures to Sales'><td class='indented-left text-left'>    Capital Expenditures to Sales</td><td align='right'>0.00</td><td align='right'>0.00</td><td align='right'>0.00</td><td align='right'>0.00</td><td align='right'>0.00</td></tr><tr class=bold title='Liquidity / Financial Health'><td class='indented-left text-left'>Liquidity / Financial Health</td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td><td align='right'></td></tr><tr title='Current Ratio'><td class='indented-left text-left'>    Current Ratio</td><td align='right'>1.56</td><td align='right'>2.26</td><td align='right'>1.95</td><td align='right'>2.19</td><td align='right'>1.80</td></tr><tr title='Quick Ratio'><td class='indented-left text-left'>    Quick Ratio</td><td align='right'>1.00</td><td align='right'>1.44</td><td align='right'>1.07</td><td align='right'>1.63</td><td align='right'>1.36</td></tr><tr title='Financial Leverage'><td class='indented-left text-left'>    Financial Leverage</td><td align='right'>1.34</td><td align='right'>1.22</td><td align='right'>1.29</td><td align='right'>1.29</td><td align='right'>1.38</td></tr><tr title='Debt Equity Ratio'><td class='indented-left text-left'>    Debt Equity Ratio</td><td align='right'> - </td><td align='right'>0.01</td><td align='right'>0.02</td><td align='right'>0.03</td><td align='right'>0.04</td></tr></table></div></table>