XML 30 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended
Feb. 28, 2015
Feb. 28, 2014
REVENUES    
Royalty fees from franchised stores $ 394,095us-gaap_RoyaltyRevenue $ 396,706us-gaap_RoyaltyRevenue
Franchise fees 5,000us-gaap_FranchiseRevenue 35,000us-gaap_FranchiseRevenue
Licensing fees and other income 93,293us-gaap_LicensesRevenue 105,165us-gaap_LicensesRevenue
Total Revenues 492,388us-gaap_Revenues 536,871us-gaap_Revenues
Selling, general and administrative expenses:    
Payroll and payroll-related expenses 297,677us-gaap_SalariesWagesAndOfficersCompensation 289,644us-gaap_SalariesWagesAndOfficersCompensation
Occupancy 43,893us-gaap_OccupancyCosts 43,155us-gaap_OccupancyCosts
Advertising and promotion 10,522us-gaap_MarketingAndAdvertisingExpense 8,330us-gaap_MarketingAndAdvertisingExpense
Professional service fees 58,502us-gaap_ProfessionalFees 66,998us-gaap_ProfessionalFees
Travel 9,101us-gaap_TravelAndEntertainmentExpense 9,248us-gaap_TravelAndEntertainmentExpense
Employee benefit expenses 34,905us-gaap_EmployeeBenefitsAndShareBasedCompensation 24,929us-gaap_EmployeeBenefitsAndShareBasedCompensation
Depreciation and amortization 4,234us-gaap_DepreciationAndAmortization 4,561us-gaap_DepreciationAndAmortization
Legal Settlement 243,046us-gaap_LitigationSettlementExpense  
Other 36,061us-gaap_OtherGeneralExpense 57,781us-gaap_OtherGeneralExpense
Total Operating Expenses 737,941us-gaap_OperatingExpenses 504,646us-gaap_OperatingExpenses
(Loss)/Income from operations (245,553)us-gaap_OperatingIncomeLoss 32,225us-gaap_OperatingIncomeLoss
Interest income 724us-gaap_InvestmentIncomeInterest 148us-gaap_InvestmentIncomeInterest
Interest expense (776)us-gaap_InterestExpense (1,137)us-gaap_InterestExpense
Net (Loss)/Income $ (245,605)us-gaap_NetIncomeLoss $ 31,236us-gaap_NetIncomeLoss
Net (Loss)/Income per share - Basic and Diluted (in dollars per share) $ (0.034)us-gaap_EarningsPerShareBasicAndDiluted $ 0.004us-gaap_EarningsPerShareBasicAndDiluted
Weighted average shares outstanding - Basic (in shares) 7,263,508us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 7,263,508us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Effect of dilutive common stock (in shares)   2,737us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
Weighted average shares outstanding - Diluted (in shares) 7,263,508us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 7,266,245us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Cash distributions declared per share (in dollars per share) $ 0.02us-gaap_CommonStockDividendsPerShareDeclared $ 0.03us-gaap_CommonStockDividendsPerShareDeclared