Accounts Payable and Accrued Expenses

12 Months Ended

Nov. 30, 2013

Payables and Accruals [Abstract]

Accounts Payable and Accrued Expenses

4. Accounts Payable and Accrued Expenses

	2013		2012
Trade payables	$	847,320	$	744,028
Amounts owed to related parties		303,454		250,149
Payable from sale of subsidiaries		796,499		796,499
Customer deposits		132,293		134,912
Other, individually less than 5% of current liabilities		633,082		369,654
	$	2,712,648	$	2,295,242

When the Company sold certain subsidiaries in December 2006, the Company agreed to reimburse the purchaser for certain disputed claims on the books of the subsidiaries if the sold subsidiaries were required to pay such claims.  At November 30, 2013 and 2012, the Company has recorded a payable of $796,499 in conjunction with the sale of the subsidiaries. The subsidiary filed for bankruptcy on September 23, 2008, which is still ongoing. If claims are reduced or eliminated by the subsidiaries, and the purchaser provides the Company with appropriate documentation that the Company’s liability has been reduced, such reduction will be reflected on the books of the Company.

In fiscal 2012, the Company wrote off accounts payable amounting to $171,484, which is included in the income statement under the caption of other income, net, to reflect a write-off of unpaid invoices which the Company determined were no longer payable as a result of the expiration of the statute of limitations. No such write-off was made in fiscal 2013.