Accounts Payable and Accrued Expenses

9 Months Ended

Aug. 31, 2011

Notes to Financial Statements

Accounts Payable and Accrued Expenses

At August 31, 2011 and November 30, 2010, included in the caption accounts payable and accrued expenses, were liabilities of approximately $796,000 for items in conjunction with transactions related to the sale of former subsidiaries. We believe the total remaining liability is significantly less, based upon public disclosures made by the entity that purchased our former subsidiaries. However, the purchaser has not confirmed the reduction to us directly and, accordingly, we have not reduced the amount of the liability. There can be no assurance that we will be successful in reducing such potential liabilities and, ultimately, we may have to pay such amounts.