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Consolidated Balance Sheet (USD $)
May 31, 2012
Nov. 30, 2011
ASSETS    
Cash $ 1,287,805 $ 1,236,125
Restricted cash 365,783 337,542
Receivables    
Trade accounts and notes receivable (net of allowance for doubtful accounts of $30,529 in 2012 and $32,008 in 2011 ) 84,375 112,344
Marketing fund contributions receivable from franchisees and stores 15,086 19,942
Inventories 31,498 23,625
Prepaid expenses and other current assets 60,890 83,659
Total Current Assets 1,845,437 1,813,237
Property, plant and equipment (net of accumulated depreciation of $136,442 in 2012 and $133,294 in 2011) 7,223 10,371
Assets held for sale 9,458 9,458
Trademarks 442,285 442,285
Goodwill 1,493,771 1,493,771
Definite lived intangible assets (net of accumulated amortization of $48,052 in 2012 and $41,634 in 2011) 64,307 70,575
Deferred tax asset 248,000 248,000
Total Noncurrent Assets 2,265,044 2,274,460
Total Assets 4,110,481 4,087,697
Current Liabilities    
Current portion of long-term debt 27,752 27,752
Accounts payable 15,540 45,752
Accrued expenses and other current liabilities 397,445 523,545
Unexpended marketing fund contributions 381,023 357,739
Deferred franchise fee revenue 65,000 25,000
Deferred licensing revenue 10,417 26,250
Total Current Liabilities 897,177 1,006,038
Long-term debt (net of current portion) 124,832 124,832
Total Liabilities 1,022,009 1,130,870
Stockholders' Equity    
Common stock ($.001 par value; 15,000,000 shares authorized; 8,466,953 shares issued and 7,263,508 shares outstanding as of May 31, 2012 and November 30, 2011) 13,508,257 13,508,257
Additional paid-in capital 987,034 987,034
Treasury stock (222,781) (222,781)
Accumulated deficit (11,184,038) (11,315,683)
Total Stockholders' Equity 3,088,472 2,956,827
Total Liabilities and Stockholders' Equity $ 4,110,481 $ 4,087,697