Accounts Payable and Accrued Expenses

12 Months Ended

Nov. 30, 2015

Payables and Accruals [Abstract]

Accounts Payable and Accrued Expenses

3. Accounts Payable and Accrued Expenses

	2015		2014
Trade payables	$	941,923	$	611,799
Payable from sale of subsidiaries		—		796,499
Other, individually less than 5% of current liabilities		680,726		514,450
	$	1,622,649	$	1,922,748

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, 2015 and 2014, the Company recorded a payable of $0 and $796,499, respectively, in conjunction with the sale of the subsidiaries. The former subsidiaries filed for bankruptcy, and on September 25, 2015, the Trustee’s Final Account for the bankruptcy case noted that no payments were made to the vendor in question. Consequently, the Company removed the liability in its fourth fiscal quarter and recorded other income of $796,499.