BAB (BABB) 10-Q 11 Jul 14 2014 Q2 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	6 Months Ended
	31-May-14	Jul. 10, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'BAB, INC.	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--11-30	'
Entity Common Stock, Shares Outstanding	'	7,263,508
Amendment Flag	'false	'
Entity Central Index Key	'0001123596	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Well-known Seasoned Issuer	'No	'
Document Period End Date	31-May-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	31-May-14	Nov. 30, 2013
Current Assets	'	'
Cash	$609,401	$683,891
Restricted cash	478,326	581,469
Trade accounts and notes receivable (net of allowance for doubtful accounts of $32,357 in 2014 and $10,447 in 2013 )	222,190	137,294
Marketing fund contributions receivable from franchisees and stores	23,924	10,017
Inventories	27,790	27,544
Prepaid expenses and other current assets	68,771	81,532
Total Current Assets	1,430,402	1,521,747
Property, plant and equipment (net of accumulated depreciation of $145,743 in 2014 and $143,459 in 2013)	7,818	10,102
Assets held for sale	3,783	3,783
Trademarks	450,866	448,022
Goodwill	1,493,771	1,493,771
Definite lived intangible assets (net of accumulated amortization of $74,716 in 2014 and $67,887 in 2013)	40,974	47,803
Deferred tax asset	248,000	248,000
Total Noncurrent Assets	2,245,212	2,251,481
Total Assets	3,675,614	3,773,228
Current Liabilities	'	'
Current portion of long-term debt	30,451	30,451
Accounts payable	34,511	22,543
Accrued expenses and other current liabilities	287,512	280,120
Unexpended marketing fund contributions	271,419	360,683
Deferred franchise fee revenue	30,000	50,000
Deferred licensing revenue	16,667	36,667
Total Current Liabilities	670,560	780,464
Long-term debt (net of current portion)	65,311	65,311
Total Liabilities	735,871	845,775
Stockholders' Equity	'	'
Common stock -$.001 par value; 15,000,000 shares authorized; 8,466,953 shares issued and 7,263,508 shares outstanding as of May 31, 2014 and November 30, 2013.	13,508,257	13,508,257
Additional paid-in capital	987,034	987,034
Treasury stock	-222,781	-222,781
Accumulated deficit	-11,332,767	-11,345,057
Total Stockholders' Equity	2,939,743	2,927,453
Total Liabilities and Stockholders' Equity	$3,675,614	$3,773,228

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parentheticals) (USD $)	31-May-14	Nov. 30, 2013
Allowance for doubtful accounts (in Dollars)	$32,357	$10,447
Accumulated depreciation, property, plant and equipment (in Dollars)	145,743	143,459
Definite lived intangible assets, accumulated amortization (in Dollars)	$74,716	$67,887
Preferred stock, shares authorized	4,000,000	4,000,000
Preferred stock, par value (in Dollars per share)	$0.00	$0.00
Preferred stock, shares outstanding	0	0
Common stock, par value (in Dollars per share)	$0.00	$0.00
Common stock, shares authorized	15,000,000	15,000,000
Common stock, shares issued	8,466,953	8,466,953
Common stock, shares outstanding	7,263,508	7,263,508
Preferred Class A [Member]	'	'
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, par value (in Dollars per share)	$0.00	$0.00
Preferred stock, shares outstanding	0	0

Consolidated_Statements_of_Inc

Consolidated Statements of Income (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	31-May-14	31-May-13	31-May-14	31-May-13
REVENUES	'	'	'	'
Royalty fees from franchised stores	$456,007	$467,525	$852,713	$887,444
Franchise fees	200,000	10,000	235,000	10,000
Licensing fees and other income	113,334	180,632	218,499	295,792
Total Revenues	769,341	658,157	1,306,212	1,193,236
Selling, general and administrative expenses:	'	'	'	'
Payroll and payroll-related expenses	257,596	329,802	547,240	708,440
Occupancy	48,771	42,594	91,926	84,157
Advertising and promotion	7,841	19,343	16,171	36,820
Professional service fees	33,080	20,445	100,078	81,228
Travel	14,356	15,912	23,604	32,927
Employee benefit expense	28,072	27,288	53,001	53,009
Depreciation and amortization	4,553	4,367	9,114	8,711
Other	87,458	71,734	145,239	125,453
Total Operating Expenses	481,727	531,485	986,373	1,130,745
Income from operations	287,614	126,672	319,839	62,491
Interest income	118	248	266	555
Interest expense	-1,137	-1,482	-2,274	-2,964
Income before provision for income taxes	286,595	125,438	317,831	60,082
Provision for income taxes	'	'	'	'
Current tax	15,000	'	15,000	'
Net Income	$271,595	$125,438	$302,831	$60,082
Earnings per share - Basic and Diluted (in Dollars per share)	$0.04	$0.02	$0.04	$0.01
Weighted average shares outstanding - Basic (in Shares)	7,263,508	7,263,508	7,263,508	7,263,508
Effect of dilutive common stock (in Shares)	2,423	4,050	2,583	3,210
Weighted average shares outstanding - Diluted (in Shares)	7,265,931	7,267,558	7,266,091	7,266,718
Cash distributions declared per share (in Dollars per share)	$0.01	$0.02	$0.04	$0.07

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	31-May-14	31-May-13
Operating activities	'	'
Net income	$302,831	$60,082
Depreciation and amortization	9,114	8,711
Provision for uncollectible accounts, net of recoveries	21,910	-6,214
Changes in:	'	'
Trade accounts receivable and notes receivable	-106,806	12,677
Restricted cash	103,143	5,633
Marketing fund contributions receivable	-13,907	2,878
Inventories	-246	1,233
Prepaid expenses and other	12,761	-21,237
Accounts payable	11,968	-902
Accrued liabilities	7,392	-2,778
Unexpended marketing fund contributions	-89,264	-8,512
Deferred revenue	-40,000	'
Net Cash Provided by Operating Activities	218,895	51,571
Investing activities	'	'
Capitalization of trademark renewals	-2,844	-1,350
Net Cash Used In Investing Activities	-2,844	-1,350
Financing activities	'	'
Cash distributions/dividends	-290,541	-435,810
Net Cash Used In Financing Activities	-290,541	-435,810
Net Decrease in Cash	-74,490	-385,589
Cash, Beginning of Period	683,891	1,256,257
Cash, End of Period	609,401	870,668
Interest paid	0	0
Income taxes paid	'	$19,950

Note_1_Nature_of_Operations

Note 1 - Nature of Operations	6 Months Ended
	31-May-14
Disclosure Text Block [Abstract]	'
Nature of Operations [Text Block]	'
	Note 1 - Nature of Operations
	BAB, Inc. (“the Company”) has two wholly owned subsidiaries: BAB Systems, Inc. (“Systems”) and BAB Operations, Inc. (“Operations”). Systems was incorporated on December 2, 1992, and was primarily established to franchise Big Apple Bagels® (“BAB”) specialty bagel retail stores. My Favorite Muffin Too, Inc., a New Jersey corporation, was acquired on May 13, 1997 and is included as a part of Systems. Brewster’s Franchise Corporations (“Brewster’s”) was established on February 15, 1996. Brewster’s® coffee is sold in BAB and My Favorite Muffin® (“MFM”) locations as well as through license agreements. SweetDuet Frozen Yogurt & Gourmet Muffins® (“SD”) was established in May 2012 to franchise frozen yogurt and gourmet muffin retail stores. Operations was formed on August 30, 1995, primarily to operate Company-owned stores of which there are currently none. The assets of Jacobs Bros. Bagels (“Jacobs Bros.”) were acquired on February 1, 1999, and any branded wholesale business uses this trademark.
	The Company was incorporated under the laws of the State of Delaware on July 12, 2000.  The Company currently franchises and licenses bagel and muffin retail units and frozen yogurt retail units under the BAB, MFM and SD trade names. At May 31, 2014, the Company had 93 franchise units and 5 licensed units in operation in 25 states. The Company additionally derives income from the sale of its trademarked bagels, muffins and coffee through nontraditional channels of distribution including under licensing agreements with Kohr Bros. Frozen Custard, Kaleidoscoops, Green Beans Coffee and through direct home delivery of specialty muffin gift baskets and coffee. Also, included in licensing fees and other income is Operations Sign Shop results. For franchise consistency and convenience, the Sign Shop provides the majority of signage to franchisees, including but not limited to, posters, menu panels, outside window stickers and counter signs.
	The BAB franchised brand consists of units operating as “Big Apple Bagels®,” featuring daily baked bagels, flavored cream cheeses, premium coffee, gourmet bagel sandwiches and other related products. Licensed BAB units serve the Company's frozen bagel and related products baked daily.  BAB units are primarily concentrated in the Midwest and Western United States. The MFM brand consists of units operating as "My Favorite Muffin®," featuring a large variety of freshly baked muffins, premium coffee and related products, and units operating as "My Favorite Muffin and Bagel Cafe," featuring these products as well as a variety of specialty bagel sandwiches and related products.  The SweetDuet Frozen Yogurt & Gourmet Muffins® brand is a fusion concept, pairing self-serve frozen yogurt with MFM’s exclusive line of My Favorite Muffin gourmet muffins, broadening the shop’s offering and therefore differentiating itself from the numerous frozen yogurt outlets already populating the market. Although the Company doesn't actively market Brewster's stand-alone franchises, Brewster's coffee products are sold in most franchised units.
	The Company has grown significantly since its initial public offering through growth in franchise units and the development of alternative distribution channels for its branded products.  The Company is leveraging on the natural synergy of distributing muffin products in BAB and SD units and, alternatively, bagel products and Brewster's Coffee in existing MFM units. The Company expects to continue to realize efficiencies in servicing the combined base of BAB and MFM franchisees.
	The accompanying condensed consolidated financial statements are unaudited. These financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles have been omitted pursuant to such SEC rules and regulations; nevertheless, the Company believes that the disclosures are adequate to make the information presented not misleading.  These financial statements and the notes hereto should be read in conjunction with the financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended November 30, 2013 which was filed February 26, 2014.  In the opinion of the Company's management, the condensed consolidated financial statements for the unaudited interim periods presented include all adjustments, including normal recurring adjustments, necessary to fairly present the results of such interim periods and the financial position as of the end of said period. The results of operations for the interim period are not necessarily indicative of the results for the full year.

Note_2_Units_Open_and_Under_De

Note 2 - Units Open and Under Development	6 Months Ended
	31-May-14
Units Open And Under Development [Abstract]	'
Units Open And Under Development [Text Block]	'
	2. Units Open and Under Development
	Units which are open or under development at May 31, 2014 are as follows:
	Franchise owned stores	93
	Licensed Units	5
	Unopened stores with Franchise Agreements	3
	Total operating units and units with Franchise Agreements	101

Note_3_Earnings_per_Share

Note 3 - Earnings per Share	6 Months Ended
	31-May-14
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	3. Earnings per Share
	The following table sets forth the computation of basic and diluted earnings per share:
		For the 3 months ended May 31,				For the 6 months ended May 31,
		2014		2013		2014		2013
	Numerator:
	Net income available to common shareholders	$	271,595	$	125,438	$	302,831	$	60,082
	Denominator:
	Weighted average outstanding shares
	Basic		7,263,508		7,263,508		7,263,508		7,263,508
	Earnings per Share - Basic	$	0.04	$	0.02	$	0.04	$	0.01
	Effect of dilutive common stock		2,423		4,050		2,583		3,210
	Weighted average outstanding shares
	Diluted		7,265,931		7,267,558		7,266,091		7,266,718
	Earnings per share - Diluted	$	0.04	$	0.02	$	0.04	$	0.01
	The Company excluded 314,400 and 350,400 potential shares attributable to outstanding stock options from the calculation of diluted earnings per share for the three and six months ended May 31, 2014 and 2013, respectively because their inclusion would have been anti-dilutive.

Note_4_LongTerm_Debt

Note 4 - Long-Term Debt	6 Months Ended
	31-May-14
Disclosure Text Block [Abstract]	'
Long-term Debt [Text Block]	'
	4.  Long-Term Debt
	The total debt balance of $95,762 represents a note payable to a former shareholder that requires an annual payment of $35,000, including interest at 4.75%, due October 1 and running through 2016.

Note_5_Stock_Options

Note 5 - Stock Options

6 Months Ended

31-May-14

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

'

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

'

5.  Stock Options

In May 2001, the Company approved a Long-Term Incentive and Stock Option Plan (Plan). The Plan reserved and has issued 1,400,000 shares of common stock for grant. As of May 31, 2014, there were 1,075,600 stock options exercised or forfeited under the Plan.

For the 6 months ended May 31,

2014

2013

Options

Options

Options outstanding at beginning of period

368,373

368,373

Granted

-

-

Forfeited or Expired

(43,973

)

-

Exercised

-

-

Outstanding at end of period

324,400

368,373

All compensation cost arising from share-based payment arrangements in payroll-related expenses was expensed as of November 30, 2011.

To value option grants and other awards for stock-based compensation, the Company uses the Black-Scholes option valuation model. When the measurement date is certain, the fair value of each option grant is estimated on the date of grant and is based on the assumptions used for the expected stock price volatility, expected term, risk-free interest rates and future dividend payments.

The Company’s stock option terms expire in 10 years and vary in vesting from immediate to a vesting period of five years.

The following table summarizes the stock options outstanding and exercisable at May 31, 2014:

Options Outstanding

Options Exercisable

Outstanding

Wghtd. Avg.

Wghtd. Avg.

Aggregate

Exercisable

Wghtd. Avg.

Aggregate

at 5/31/2014

Remaining Life

Exercise Price

Intrinsic Value

5/31/14

Exercise Price

Intrinsic Value

324,400

2.04

$

1.17

$

-

324,400

$

1.17

$

-

There is no computation for the aggregate intrinsic value in the table above because the outstanding options weighted average exercise price was greater than the Company’s closing stock price of $0.80 as of the last business day of the period ended May 31, 2014. There were 43,973 unexercised options that expired and no options exercised during the six month period ended May 31, 2014.

Note_6_Goodwill_and_Other_Inta

Note 6 - Goodwill and Other Intangible Assets	6 Months Ended
	31-May-14
Goodwill and Intangible Assets Disclosure [Abstract]	'
Goodwill and Intangible Assets Disclosure [Text Block]	'
	6. Goodwill and Other Intangible Assets
	Accounting Standard Codification (“ASC”) 350 “Goodwill and Other Intangible Assets” requires that assets with indefinite lives no longer be amortized, but instead be subject to annual impairment tests. The Company follows this guidance.
	The Company tests goodwill that is not subject to amortization for impairment annually or more frequently if events or circumstances indicate that impairment is possible. Goodwill was tested at the end of the first quarter, February 28, 2014 and it was found that the carrying value of goodwill and intangible assets were not impaired.
	The impairment test performed February 28, 2014 was based on a discounted cash flow model using management’s business plan projected for expected cash flows. Based on the computation it was determined that no impairment has occurred.

Note_7_Recent_Accounting_Prono

Note 7 - Recent Accounting Pronouncements	6 Months Ended
	31-May-14
Disclosure Text Block [Abstract]	'
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	'
	7. Recent Accounting Pronouncements
	Management does not believe that there are any recently issued and effective, or not yet effective, pronouncements as of May 31, 2014 that would have, or are expected to have, any significant effect on the Company’s consolidated financial position, cash flows or results of operations.

Note_8_Equity

Note 8 - Equity	6 Months Ended
	31-May-14
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	8. Equity
	On June 13, 2014 the Board of Directions declared a cash dividend/distribution of $0.01 per share to be paid July 16, 2014 to shareholders of record as of June 27, 2014.
	On May 6, 2013 BAB, Inc. adopted a Preferred Shares Rights Agreement (“Rights Plan”) and declared a dividend distribution of one right (equivalent to one one-thousandth of a preferred share), for each outstanding share of common stock. The Rights Plan is intended to protect BAB and its stockholders from efforts to obtain control of BAB that the Board of Directors determines are not in the best interest of BAB and its stockholders. BAB issued one right for each current share of stock outstanding at the close of business on May 13, 2013. In general, the rights will not be exercisable unless a person or group acquires 15% (20% institutional investors) or more of BAB’s common stock (“trigger event”). Should a trigger event occur, each right entitles the registered holder to purchase from the Company one one-thousandth of a share of the Series A Participating Preferred Stock of the Company at an exercise price of $0.90 per one-thousandth of a Preferred Share, subject to adjustment. The rights will expire in three years from the date of declaration.
	On June 18, 2014 an amendment to the Preferred Shares Rights Agreement was filed appointing American Stock Transfer Company LLC as successor to Illinois Stock Transfer Company. All original rights and provisions remain unchanged.

Note_9_Contingency

Note 9 - Contingency	6 Months Ended
	31-May-14
Loss Contingency [Abstract]	'
Contingencies Disclosure [Text Block]	'
	9. Contingency
	We are subject to various legal proceedings and claims, either asserted or unasserted, which arise in the ordinary course of business. While the outcome of such proceedings or claims cannot be predicted with certainty, management does not believe that the outcome of any of such proceedings or claims will have a material effect on our financial position. Except as stated below, we know of no pending or threatened proceeding or claim to which we are or will be a party.
	On July 8, 2013, a judgment was entered in the Circuit Court of Cook County in the amount of $84,000 against BAB Operations, Inc. (“Operations”), a wholly owned subsidiary of the Company, and in favor of a former landlord of Operations, Alecta Real Estate USA, LLC. Operations, the subsidiary which owned Company stores, had been a tenant operating a Big Apple Bagels store in Glenview, Illinois from 1999 to 2001 when it sold the store and assigned the lease to a franchisee. The store was sold and the lease was assigned three more times over the next 10 years. In 2011, the final owner of the store closed it and defaulted on the lease. Operations, which no longer owns any Company stores, was sued for a continuing guaranty in connection with the original assignment of the lease in 2001. Operations contended that it bore no liability because of language in one of the subsequent assignments releasing it from any further liability.
	On August 15, 2013, an additional judgment of $70,030 was entered in the Circuit Court of Cook County for this same matter for plaintiff’s attorney’s fees bringing the total judgment to $154,030. In September 2013 the Company filed an appeal. A bond was required and posted by BAB, Inc. for an amount equal to 150% of the judgment.
	The Company has filed its initial appellate brief. The Plaintiff’s brief was filed on June 27, 2014 and the Company’s reply brief is due on July 11, 2014. It is anticipated that the oral argument, if allowed, would be sometime in September of 2014.
	The Company and its trial and appellate counsel believe that we will prevail on appeal and that it is only reasonably possible that the Court’s ruling will be upheld as it is contrary to applicable Illinois precedent. The Company believes there will be zero damages assessed based on prior favorable rulings in similar cases; accordingly, no amounts have been accrued for any potential losses in this matter.

Note_2_Units_Open_and_Under_De1

Note 2 - Units Open and Under Development (Tables)	6 Months Ended
	31-May-14
Units Open And Under Development [Abstract]	'
Schedule of Franchisor Disclosure [Table Text Block]	'
	Franchise owned stores	93
	Licensed Units	5
	Unopened stores with Franchise Agreements	3
	Total operating units and units with Franchise Agreements	101

Note_3_Earnings_per_Share_Tabl

Note 3 - Earnings per Share (Tables)	6 Months Ended
	31-May-14
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
		For the 3 months ended May 31,				For the 6 months ended May 31,
		2014		2013		2014		2013
	Numerator:
	Net income available to common shareholders	$	271,595	$	125,438	$	302,831	$	60,082
	Denominator:
	Weighted average outstanding shares
	Basic		7,263,508		7,263,508		7,263,508		7,263,508
	Earnings per Share - Basic	$	0.04	$	0.02	$	0.04	$	0.01
	Effect of dilutive common stock		2,423		4,050		2,583		3,210
	Weighted average outstanding shares
	Diluted		7,265,931		7,267,558		7,266,091		7,266,718
	Earnings per share - Diluted	$	0.04	$	0.02	$	0.04	$	0.01

Note_5_Stock_Options_Tables

Note 5 - Stock Options (Tables)	6 Months Ended
	31-May-14
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	'
			For the 6 months ended May 31,
			2014				2013
			Options				Options
	Options outstanding at beginning of period			368,373				368,373
	Granted			-				-
	Forfeited or Expired			(43,973	)			-
	Exercised			-				-
	Outstanding at end of period			324,400				368,373
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	'
		Options Outstanding											Options Exercisable
		Outstanding				Wghtd. Avg.			Wghtd. Avg.		Aggregate		Exercisable		Wghtd. Avg.		Aggregate
		at 5/31/2014				Remaining Life			Exercise Price		Intrinsic Value		5/31/14		Exercise Price		Intrinsic Value
			324,400				2.04		$	1.17	$	-		324,400	$	1.17	$	-

Note_2_Units_Open_and_Under_De2

Note 2 - Units Open and Under Development (Details) - Operating Units	31-May-14
Franchisor Disclosure [Line Items]	'
Operating Units	101
Franchised Units [Member]	'
Franchisor Disclosure [Line Items]	'
Operating Units	93
Entity Operated Units [Member]	'
Franchisor Disclosure [Line Items]	'
Operating Units	5
Unopened Store [Member]	'
Franchisor Disclosure [Line Items]	'
Operating Units	3

Note_3_Earnings_per_Share_Deta

Note 3 - Earnings per Share (Details)	3 Months Ended		6 Months Ended
	31-May-14	31-May-13	31-May-14	31-May-13
Earnings Per Share [Abstract]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	314,400	350,400	314,400	350,400

Note_3_Earnings_per_Share_Deta1

Note 3 - Earnings per Share (Details) - Computation of Earnings Per Share (USD $)	3 Months Ended		6 Months Ended
	31-May-14	31-May-13	31-May-14	31-May-13
Numerator:	'	'	'	'
Net income available to common shareholders (in Dollars)	$271,595	$125,438	$302,831	$60,082
Denominator:	'	'	'	'
Basic	7,263,508	7,263,508	7,263,508	7,263,508
Earnings per Share - Basic (in Dollars per share)	$0.04	$0.02	$0.04	$0.01
Effect of dilutive common stock	2,423	4,050	2,583	3,210
Diluted	7,265,931	7,267,558	7,266,091	7,266,718
Earnings per share - Diluted (in Dollars per share)	$0.04	$0.02	$0.04	$0.01

Note_4_LongTerm_Debt_Details

Note 4 - Long-Term Debt (Details) (USD $)	6 Months Ended
	31-May-14
Disclosure Text Block [Abstract]	'
Notes Payable, Noncurrent	$95,762
Debt Instrument, Periodic Payment	$35,000
Debt Instrument, Interest Rate, Stated Percentage	4.75%

Note_5_Stock_Options_Details

Note 5 - Stock Options (Details) (USD $)	6 Months Ended	157 Months Ended
	31-May-14	31-May-14
Note 5 - Stock Options (Details) [Line Items]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	'	1,400,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises and Forfeitures in Period	'	1,075,600
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	'	'10 years
Share Price (in Dollars per share)	$0.80	$0.80
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period	43,973	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	6	'
Maximum [Member]	'	'
Note 5 - Stock Options (Details) [Line Items]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'	'5 years

Note_5_Stock_Options_Details_S

Note 5 - Stock Options (Details) - Stock Option Activity	6 Months Ended
	31-May-14	31-May-13
Stock Option Activity [Abstract]	'	'
Options outstanding at beginning of period	368,373	368,373
Forfeited or Expired	-43,973	0
Outstanding at end of period	324,400	368,373

Note_5_Stock_Options_Details_S1

Note 5 - Stock Options (Details) - Summary of Stock Options Outstanding and Exercisable (USD $)	6 Months Ended
	31-May-14	Nov. 30, 2013	31-May-13	Nov. 30, 2012
Summary of Stock Options Outstanding and Exercisable [Abstract]	'	'	'	'
	324,400	368,373	368,373	368,373
	'2 years 14 days	'	'	'
	$1.17	'	'	'
	$0	'	'	'
	324,400	'	'	'
	$1.17	'	'	'
	$0	'	'	'

Note_8_Equity_Details

Note 8 - Equity (Details) (USD $)	0 Months Ended			3 Months Ended		6 Months Ended
	Jun. 13, 2014	6-May-13	13-May-13	31-May-14	31-May-13	31-May-14	31-May-13
Stockholders' Equity Note [Abstract]	'	'	'	'	'	'	'
Common Stock, Dividends, Per Share, Declared	$0.01	'	'	$0.01	$0.02	$0.04	$0.07
Preferred Stock Dividends, Number of Rights, Declared	'	1	'	'	'	'	'
Preferred Stock Dividends, Number of Rights, Issued	'	'	1	'	'	'	'
Preferred Stock Dividends, Number of Rights, Minimum Percent of Common Stock that Must Be Acquired to Make Rights Exercisable, Non-institutional Investors	'	'	15.00%	'	'	'	'
Preferred Stock Dividends, Number of Rights, Minimum Percent of Common Stock that Must Be Acquired to Make Rights Exercisable, Institutional Investors	'	'	20.00%	'	'	'	'
Preferred Stock Dividends, Rights, Exercise Price	'	'	$0.90	'	'	'	'
Preferred Stock Dividends, Rights, Expiration Term	'	'	'3 years	'	'	'	'

Note_9_Contingency_Details

Note 9 - Contingency (Details) (USD $)	0 Months Ended		11 Months Ended
	Aug. 15, 2013	Jul. 08, 2013	31-May-14	Sep. 30, 2013
				Alecta Real Estate USA, LLC. [Member]
Note 9 - Contingency (Details) [Line Items]	'	'	'	'
Loss Contingency, Damages Sought, Value	$70,030	$84,000	$154,030	'
Restricted Cash and Cash Equivalents, Account Balance, Percent of Legal Judgment	'	'	'	150.00%
Estimated Litigation Liability	'	'	$0	'