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Parent Company Only Condensed Financial Information: Condensed Cash Flow Statement (Tables)
3 Months Ended
Feb. 29, 2016
Tables/Schedules  
Condensed Cash Flow Statement

 

 

Three Months Ended

 

 

February 29, 2016

 

February 28, 2015

 

 

(Unaudited)

 

(Unaudited)

 

 

 

 

 

Cash flows from operating activities:

 

 

 

 

 Net income

$

334,037

$

324,089

 Adjustments to reconcile net income to net cash

  provided by (used in) operating activities

 

 

 

 

Share of earnings from investment in

  subsidiaries and VIE

 

(353,575)

 

(348,518)

Increase in accrued expenses and other liabilities

 

19,538

 

24,429

 

 

 

 

 

Net cash provided by (used in) operating activities

 

-

 

-

 

 

 

 

 

Net change in cash

 

-

 

-

Cash, beginning of period

 

-

 

-

 

 

 

 

 

Cash, end of period

$

-

$

-

 

 

 

 

 

Noncash financing activities:

 

 

 

 

Payment of accrued expenses and other

    payables by shareholder

$

20,000

$

25,417