CCA Industries (CAWW) 10-Q 15 Oct 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Aug. 31, 2015	Oct. 14, 2015
Entity Registrant Name	CCA INDUSTRIES INC
Entity Central Index Key	721,447
Current Fiscal Year End Date	--11-30
Entity Filer Category	Smaller Reporting Company
Document Type	10-Q
Document Period End Date	Aug. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	CAW
Amendment Flag	false
Common stock
Entity Common Stock Outstanding (shares)		6,038,982
Common Class A
Entity Common Stock Outstanding (shares)		967,702

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Aug. 31, 2015	Nov. 30, 2014
Current assets:
Cash & cash equivalents	$ 316,898	$ 241,621
Accounts receivable, net of allowances of $335,840 and $2,967,668, respectively	3,941,302	2,248,301
Inventories, net of reserve for inventory obsolescence of $347,558 and $992,296, respectively	3,785,843	5,181,490
Prepaid expenses and sundry receivables	978,296	631,204
Prepaid and refundable income taxes	16,766	453,598
Deferred income taxes	1,159,051	2,883,285
Total Current Assets	10,198,156	11,639,499
Property and equipment, net of accumulated depreciation and amortization	243,386	1,108,600
Intangible assets, net of accumulated amortization	654,549	654,840
Deferred financing fees, net of accumulated amortization	342,866	1,341,458
Deferred income taxes	9,411,964	6,988,195
Other	430,544	0
Total Assets	21,281,465	21,732,592
Current Liabilities:
Accounts payable & accrued liabilities	9,260,455	10,731,031
Capitalized lease obligations - current portion	8,302	7,642
Total current liabilities	9,268,757	10,738,673
Line of credit - related party	2,700,000	600,000
Term loan - related party	951,452	805,813
Other liabilities	174,915	0
Capitalized lease obligations	17,071	22,152
Total Liabilities	13,112,195	12,166,638
Shareholders' Equity:
Preferred stock, $1.00 par, authorized 20,000,000 none issued	0	0
Additional paid-in capital	3,897,020	3,814,484
Retained earnings	4,202,183	5,681,403
Total Shareholders' Equity	8,169,270	9,565,954
Total Liabilities and Shareholders' Equity	21,281,465	21,732,592
Common stock, $.01 par, authorized 15,000,000 shares, issued and outstanding 6,038,982 and 6,038,982 shares, respectively
Shareholders' Equity:
Value of common stock issued	60,390	60,390
Class A common stock, $.01 par, authorized 5,000,000 shares, issued and outstanding 967,702 and 967,702 shares, respectively
Shareholders' Equity:
Value of common stock issued	$ 9,677	$ 9,677

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Aug. 31, 2015	Nov. 30, 2014
Allowance for doubtful accounts receivable	$ 335,840	$ 2,967,668
Reserve for inventory obsolescence	$ 347,558	$ 992,296
Preferred stock, par value (usd per share)	$ 1	$ 1
Preferred stock, shares authorized (shares)	20,000,000	20,000,000
Preferred stock, shares issued (shares)	0	0
Common stock
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (shares)	15,000,000	15,000,000
Common Stock, shares issued (shares)	6,038,982	6,038,982
Common stock, shares outstanding (shares)	6,038,982	6,038,982
Common Class A
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (shares)	5,000,000	5,000,000
Common Stock, shares issued (shares)	967,702	967,702
Common stock, shares outstanding (shares)	967,702	967,702

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Revenues:
Sales of health and beauty aid products - net	$ 7,055,399	$ 7,807,019	$ 20,674,878	$ 24,650,057
Other income	24,274	210,242	32,544	454,785
Total Revenues	7,079,673	8,017,261	20,707,422	25,104,842
Costs and Expenses:
Cost of sales	2,704,117	4,069,779	7,942,917	11,664,448
Selling, general and administrative expenses	2,802,437	2,691,494	8,934,651	9,741,090
Advertising, cooperative and promotional expenses	836,373	1,440,512	3,286,204	4,278,656
Research and development	17,710	107,781	58,340	371,996
Bad debt recovery	(2,356)	(4,462)	(13,467)	(26,802)
Interest expense - related party	438,144	0	1,288,439	0
Interest expense	4,286	551	14,904	2,077
Total Costs and Expenses	6,800,711	8,305,655	21,511,988	26,031,465
Restructuring Costs	(29,507)	24,821	1,467,835	555,343
Total Costs and Expenses	6,771,204	8,330,476	22,979,823	26,586,808
Income (Loss) before Provision for (Benefit from) Income Taxes	308,469	(313,215)	(2,272,401)	(1,481,966)
Provision for (Benefit from) Income taxes	133,389	(114,105)	(733,231)	(544,788)
Income (Loss) Income from Continuing Operations	175,080	(199,110)	(1,539,170)	(937,178)
Discontinued Operations
(Loss) Income from Operations of Discontinued Brands	(198,402)	1,395,662	88,506	(5,931,449)
(Benefit from) Provision for income taxes	(73,211)	508,441	28,558	(2,180,468)
(Loss) Income from Discontinued Operations	(125,191)	887,221	59,948	(3,750,981)
Net Income (Loss)	$ 49,889	$ 688,111	$ (1,479,222)	$ (4,688,159)
Basic
Continuing Operations (usd per share)	$ 0.02	$ (0.03)	$ (0.22)	$ (0.13)
Discontinued Operations (usd per share)	(0.02)	0.13	0.01	(0.54)
Income (Loss) (usd per share)	0	0.10	(0.21)	(0.67)
Diluted
Continuing Operations (usd per share)	0.02	(0.03)	(0.22)	(0.13)
Discontinued Operations (usd per share)	(0.02)	0.13	0.01	(0.54)
Income (Loss) (usd per share)	$ 0	$ 0.10	$ (0.21)	$ (0.67)
Weighted Average Common Shares Outstanding
Basic (shares)	7,006,684	7,006,684	7,006,684	7,006,684
Diluted (shares)	7,006,684	7,006,684	7,006,684	7,006,684

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($)	3 Months Ended		9 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Statement of Comprehensive Income [Abstract]
Income (Loss) from Continuing Operations	$ 175,080	$ (199,110)	$ (1,539,170)	$ (937,178)
(Loss) Income from Discontinuing Operations	(125,191)	887,221	59,948	(3,750,981)
Net Income (Loss)	49,889	688,111	(1,479,222)	(4,688,159)
Unrealized Gain (Loss) on Securities:
Unrealized holding gain arising during the period, net of tax	0	10,329	0	36,888
Less: reclassification adjustment for (gain) included in net income (loss), net of tax	0	(127,124)	0	(219,266)
Comprehensive Income (Loss) (Note 3, Note 11)	$ 49,889	$ 571,316	$ (1,479,222)	$ (4,870,537)

Consolidated Statements of Com6

Consolidated Statements of Comprehensive (Loss) Income (Parenthetical) - USD ($)	3 Months Ended	9 Months Ended
	Aug. 31, 2014	Aug. 31, 2014
Statement of Comprehensive Income [Abstract]
Deferred tax expense from unrealized gain (loss)	$ 14,210	$ 21,581
Deferred tax expense from reclassification adjustment	$ 15,525	$ 128,244

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Aug. 31, 2015	Aug. 31, 2014
Cash Flows from Operating Activities:
Net Loss	$ (1,479,222)	$ (4,688,159)
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation and amortization	128,826	257,034
Change in allowance for bad debts	(13,467)	(26,802)
Gain on sale of securities	0	(347,490)
Loss on write off of fixed assets	843,081	24,763
Debt discount amortization	145,638	0
Deferred financing fees amortization	998,592	0
Stock based compensation	82,536	18,900
Deferred income taxes	(699,535)	(2,706,124)
Change in Operating Assets & Liabilities:
(Increase) decrease in accounts receivable	(1,679,535)	972,401
Decrease in inventory	1,395,647	2,785,816
Decrease in insurance claim receivable	0	0
(Increase) decrease in prepaid expenses and other receivables	(347,092)	94,768
Decrease in prepaid income and refundable income tax	436,832	3,293
(Increase) decrease in other assets	(430,544)	8,000
(Decrease) increase in accounts payable and accrued liabilities	(1,470,576)	766,591
Increase in other liabilities	174,915	0
Net Cash Used in Operating Activities	(1,913,904)	(2,837,009)
Cash Flows from Investing Activities:
Acquisition of property, plant and equipment	(106,398)	(64,357)
Proceeds from sale of property, plant and equipment	0	2,925
Purchase of marketable securities	0	424,838
Proceeds from sale and maturity of investments	0	1,170,909
Net Cash (used in) provided by Investing Activities	(106,398)	684,639
Cash Flows from Financing Activities:
Proceeds from line of credit - related party	2,100,000	0
Payments for capital lease obligations	(4,421)	(5,589)
Net Cash Provided by (Used in) Financing Activities	2,095,579	(5,589)
Net Increase (Decrease) in Cash	75,277	(2,157,959)
Cash and Cash Equivalents at Beginning of Period	241,621	3,199,020
Cash and Cash Equivalents at End of Period	316,898	1,041,061
Cash paid during the period for:
Interest	169,704	2,077
Income taxes	$ 0	$ 184

Basis of Presentation

Basis of Presentation	9 Months Ended
	Aug. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. Operating results for the three and nine month periods ended August 31, 2015 are not necessarily indicative of the results that may be expected for the entire year ended November 30, 2015. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's annual report on Form 10-K for the year ended November 30, 2014. The accompanying unaudited consolidated financial statements, in the opinion of management, include all adjustments necessary for a fair presentation. All such adjustments are of a normal recurring nature.

Organization and Description of

Organization and Description of Business	9 Months Ended
	Aug. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	ORGANIZATION AND DESCRIPTION OF BUSINESS CCA Industries, Inc. (“CCA”) was incorporated in the State of Delaware on March 25, 1983. CCA manufactures and distributes health and beauty aid products. CCA has two wholly-owned subsidiaries, CCA Online Industries, Inc. and CCA IND., S.A. DE C.V., a Variable Capital Corporation organized pursuant to the laws of Mexico, both of which are currently inactive.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Aug. 31, 2015
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation: The consolidated financial statements include the accounts of CCA and its wholly-owned subsidiaries (collectively the “Company”). All significant inter-company accounts and transactions have been eliminated. Estimates and Assumptions: The consolidated financial statements include the use of estimates, which management believes are reasonable. The process of preparing financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”), requires management to make estimates and assumptions regarding certain types of assets, liabilities, revenues, and expenses. Such estimates primarily relate to unsettled transactions and events as of the date of the financial statements. Accounting estimates and assumptions are those that management considers to be most critical to the financial statements because they inherently involve significant judgment and uncertainties. All of these estimates and assumptions reflect management’s best judgment about current economic and market conditions and their effects on the information available as of the date of the consolidated financial statements. Accordingly, upon settlement, actual results may differ from estimated amounts. Comprehensive Income (Loss): Comprehensive income (loss) includes changes in equity that are excluded from the consolidated statements of operations and are recorded directly into a separate section of consolidated statements of comprehensive (loss) income. The Company’s accumulated other comprehensive income (loss) shown on the consolidated balance sheets consist of unrealized gains and losses on investment holdings, net of deferred tax expense or benefit. Cash and Cash Equivalents: The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. Accounts Receivable: Accounts receivable consist of trade receivables recorded at original invoice amount, less an estimated allowance for uncollectible amounts. The accounts receivable balance is further reduced by allowance for cooperative advertising and reserves for returns which are anticipated to be taken as credits against the balances as of August 31, 2015 . The allowances and reserves which are anticipated to be deducted from future invoices are included in accrued liabilities. Trade credit is generally extended on a short term basis; thus trade receivables do not bear interest, although a finance charge may be applied to receivables that are past due. Trade receivables are periodically evaluated for collectability based on past credit history with customers and their current financial condition. Changes in the estimated collectability of trade receivables are recorded in the results of operations for the period in which the estimate is revised. Trade receivables that are deemed uncollectible are offset against the allowance for uncollectible accounts. The Company generally does not require collateral for trade receivables. Inventories: Inventories are stated at the lower of cost (weighted average) or market. Product returns are either recorded in inventory when they are received at the lower of their original cost or market or destroyed, as appropriate. Obsolete inventory is written off and its value is removed from inventory at the time its obsolescence is determined. Property and Equipment and Depreciation and Amortization: Property and equipment are stated at cost. The Company charges to expense repairs and maintenance items, while major improvements and betterments are capitalized. When the Company sells or otherwise disposes of property and equipment items, the cost and related accumulated depreciation are removed from the respective accounts and any gain or loss is included in earnings. Depreciation and amortization are provided utilizing the straight-line method over the following estimated useful lives or lease terms of the assets, whichever is shorter: Machinery and equipment 5-7 Years Furniture and fixtures 3-10 Years Tools, dies and masters 3 Years Transportation equipment 5 Years Leasehold improvements Remaining life of the lease (4 years 9 months) Intangible Assets: Intangible assets, which consist of patents and trademarks, are stated at cost. Patents are amortized on the straight-line method over a period of 17 years. Patents are reviewed for impairment when events or changes in business indicate that the carrying amount may not be recoverable. Trademarks are indefinite lived intangible assets and are reviewed for impairment annually or more frequently if impairment conditions occur. Long-Lived Assets: Long-lived assets are assets in which the Company has an economic benefit for longer than twelve months from the date of the financial statement. Long-lived assets include property and equipment, intangible assets and other assets. The Company evaluates impairment losses on long-lived assets used in operations when events and circumstances indicate that the asset might be impaired. If the review indicates that the carrying value of an asset will not be recoverable, based on a comparison of the carrying value of the asset to the undiscounted future cash flows, the impairment will be measured by comparing the carrying value of the asset to its fair value. Fair value will be determined based on discounted cash flows or appraisals. Impairments are recorded in the statement of operations as part of selling, general and administrative expenses. No impairments were recorded in the nine months ended August 31, 2015 and 2014 . Revenue Recognition: (See also Cooperative Advertising) The Company recognizes sales in accordance with ASC Topic 605 “Revenue Recognition”. Revenue is recognized upon shipment of merchandise. Net sales comprise gross revenues less expected returns, trade discounts, customer allowances and various sales incentives. Included in sales incentives are coupons that the Company issues that are redeemed by its customers. Redemptions are handled by a coupon national clearing house. The Company also has estimated that there is an approximate six week lag in coupon redemptions, with the estimated cost recorded as an accrued liability. Although no legal right of return exists between the customer and the Company, returns, including return of unsold products, are accepted if it is in the best interests of the Company's relationship with the customer. The Company, therefore, records a reserve for returns based on the historical returns as a percentage of sales in the five preceding months and specific reserve based on customer circumstances and product circumstances. Those returns which are anticipated to be taken as credits against the balances as of August 31, 2015 are offset against the accounts receivable. The reserves which are anticipated to be deducted from future invoices are included in accrued liabilities. Changes in the estimated coupon reserve and sales return reserve are recorded to Sales of health and beauty aid products - net, in the Consolidated Statement of Operations. Cooperative Advertising: Cooperative advertising is accrued based on a combination of new contracts given to the customers in the current fiscal year, along with what is left open from prior years. Specific new contracts in the current fiscal year are identified as sales incentives (see sales incentives) and those contracts reduce revenues for the current period. The open balances for all years open are reduced throughout the year by either the customer advertising and submitting the proof according to the contract or by customer post audit adjustments that finalize any amount due. Any item open more than three years is closed unless management believes that a deduction may still be taken by the customer. The portion of cooperative advertising recorded as sales incentives was reduced by $670,513 in the first nine months of fiscal 2015 to close out cooperative advertising for fiscal year 2012 and cancel coop contract for fiscal year 2013 and 2014 relating to changes in estimates of amounts previously recorded and $600,000 for the same period in 2014. The balance of the remaining open cooperative advertising is allocated between accrued liabilities and the allowance for cooperative advertising based the customer's open accounts receivable balance. Sales Incentives: The Company has accounted for certain sales incentives offered to customers by charging them directly to sales as opposed to advertising and promotional expense. These accounting adjustments do not affect net income (loss). Shipping Costs: The Company’s policy for financial reporting is to charge shipping costs as part of selling, general and administrative expenses as incurred. Shipping costs included for the three months ended August 31, 2015 and August 31, 2014 were $158,878 and $207,357 , respectively. Shipping costs included for the nine months ended August 31, 2015 and 2014 were $505,557 and $862,254 , respectively. Advertising Costs: The Company’s policy for financial reporting is to charge advertising cost to expense as incurred. Advertising, cooperative and promotional expenses for the three months ended August 31, 2015 and August 31, 2014 were $836,373 and $1,440,512 , respectively. Advertising, cooperative and promotional expenses for the nine months ended August 31, 2015 and 2014 were $3,286,204 and $4,278,656 , respectively. Research and Development Costs : The Company's policy for financial reporting is to charge research and development costs to expense as incurred. Research and development costs for the three months ended August 31, 2015 and August 31, 2014 were $17,710 and $107,781 , respectively. Research and development costs for the nine months ended August 31, 2015 and 2014 were $58,340 and $371,996 , respectively. Income Taxes: Income taxes are accounted for under ASC Topic 740 “Income Taxes”, which utilizes the asset and liability method. Deferred tax assets and liabilities are recognized for future tax consequences attributable to the temporary differences between the carrying amounts of assets and liabilities as recorded on the Company’s financial statements and the carrying amounts as reflected on the Company’s income tax return. In addition, the portion of charitable contributions that cannot be deducted in the current period and are carried forward to future periods are also reflected in the deferred tax assets. A substantial portion of the deferred tax asset is due to the losses incurred in fiscal 2013 and fiscal 2014, the benefit of which will be carried forward into future tax years. Deferred tax assets and liabilities are valued using the tax rates expected to apply in the years in which those temporary differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion, or all of the deferred tax asset will not be realized. Management has estimated that it will utilize the entire deferred tax asset in future years based on anticipated future profitability which is contingent on the successful realization of anticipated cost savings associated with the outsourcing of many functions to The Emerson Group, the substantial reduction in personnel and a reduction in other expenses. However, anticipated future profitability may be impacted if the Company’s sales decrease from current levels or due to other factors discussed under Item 1A - Risk Factors in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 2, 2015 as supplemented in this Form 10-Q. The portion that management expects to utilize in fiscal 2015 is recorded as a short term asset, and the portion that management expects to utilize in fiscal years subsequent to fiscal 2015 is recorded as a long term asset. The Company previously adopted the provisions of ASC Subtopic 740-10-25, “Uncertain Tax Positions”. Management believes that there were no unrecognized tax benefits, or tax positions that would result in uncertainty regarding the deductions taken, as of August 31, 2015 and November 30, 2014 . ASC Subtopic 740-10-25 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. Tax Credits: Tax credits, when present, are accounted for using the flow-through method as a reduction of income taxes in the years utilized. Earnings (Loss) Per Common Share: Basic earnings (loss) per share are calculated in accordance with ASC Topic 260, “Earnings Per Share”, which requires using the average number of shares of common stock outstanding during the year. Diluted earnings (loss) per share is computed on the basis of the average number of common shares outstanding plus the dilutive effect of any common stock equivalents using the “treasury stock method”. Common stock equivalents consist of stock options. Stock Options: ASC Topic 718, “Stock Compensation,” requires stock grants to employees to be recognized in the consolidated statement of operations based on their fair values. The Company issued stock options in fiscal 2015 and 2014, see Note 11 for details. Recent Accounting Pronouncements: In July 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update No. 2015-11 which requires that inventory be measured at the lower of cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business less reasonably predicable costs. The update is effective for fiscal years, and the interim periods within those years, beginning after December 15, 2016. Management has not evaluated as of yet whether the application of ASU 2015-11 would have a material impact on the Company's financial position or results of operations. In August 2015, the FASB issued Accounts Standards Update No. 2015-14. The Company previously reported that in May 2014, Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") 2014-09, "Revenue from Contracts with Customers". This ASU is a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of good or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. Accounting Standards Update No. 2015-14 amends the effective date to annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. We are currently evaluating the impact of adopting ASU 2015-14 and 2014-09 on our consolidated financial statements and related disclosures. In August 2015, the FASB issued Accounts Standards Update No. 2015-15 regarding the imputation of interest associated with debt issuance costs and the measurement of debt issuance costs related to line-of-credit arrangements. This update is a modification of ASU 2015-03, adding SEC staff comments, and is effective for fiscals years, and the interim periods within those years, beginning after December 15, 2015. Management does not believe that the application of ASU 2015-15 will have a material impact on the Company's financial position or results of operation. Management does not believe that any other recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.

Inventories

Inventories	9 Months Ended
	Aug. 31, 2015
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES The components of inventory consist of the following: August 31, November 30, Raw materials $ 1,352,380 $ 2,408,220 Finished goods 2,433,463 2,773,270 $ 3,785,843 $ 5,181,490 At August 31, 2015 and November 30, 2014, the Company had a reserve for obsolescence of $347,558 and $992,296 , respectively.

Property and Equipment

Property and Equipment	9 Months Ended
	Aug. 31, 2015
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT The components of property and equipment consisted of the following: August 31, November 30, Furniture and equipment 465,207 672,477 Tools, dies and masters 460,692 449,862 Transportation equipment 16,538 16,538 Capitalized lease obligations 41,326 41,326 Leasehold improvements 35,017 1,054,365 $ 1,018,780 $ 2,234,568 Less: Accumulated depreciation 775,394 1,125,968 Property and Equipment—Net $ 243,386 $ 1,108,600 Depreciation expense for the three months ended August 31, 2015 and August 31, 2014 amounted to $ 23,745 and $ 78,903 , respectively. Depreciation expense for the nine months ended August 31, 2015 and 2014 were $128,535 and $241,705 , respectively. The Company moved in April 2015 from its facility in East Rutherford, New Jersey to new offices in Ridgefield Park, New Jersey. As a result, the Company wrote off $714,138 of leasehold improvements pertaining to the East Rutherford facility in the second quarter of fiscal 2015. In addition, the Company wrote off $128,943 of furnishings and equipment that were not needed in the new facility. See Note 13 - Restructuring for further information.

Intangible Assets

Intangible Assets	9 Months Ended
	Aug. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	INTANGIBLE ASSETS Intangible assets consist of owned trademarks and patents for eleven product lines. August 31, November 30, Patents and trademarks $ 800,293 $ 800,293 Less: Accumulated amortization 145,744 145,453 Intangible Assets - Net $ 654,549 $ 654,840 Patents are amortized on a straight-line basis over their legal life of 17 years. Trademarks have an indefinite life and are reviewed annually for impairment or more frequently if impairment indicators occur. Amortization expense for the three months ended August 31, 2015 and 2014 amounted to $ 97 and $ 5,110 , respectively. Amortization expense for the nine months ended August 31, 2015 and 2014 were $291 and $15,329 , respectively. Estimated amortization expenses for the years ending November 30, 2015, 2016, 2017, 2018 and 2019 are $388 , $388 , $388 , $388 and $376 , respectively.

Accrued Expenses

Accrued Expenses	9 Months Ended
	Aug. 31, 2015
Payables and Accruals [Abstract]
ACCRUED EXPENSES	ACCRUED EXPENSES The following items which exceeded 5% of total current liabilities are included in accrued expenses as of: August 31, November 30, Co-operative advertising $ 1,989,590 $ 2,368,808 Restructuring Costs $ 844,296 $ 1,043,897 Accrued returns $ 600,384 $ 653,855

Other Income

Other Income	9 Months Ended
	Aug. 31, 2015
Other Income and Expenses [Abstract]
OTHER INCOME	OTHER INCOME Other income consists of the following: Three Months Ended August 31, Nine Months Ended August 31 2015 2014 2015 2014 Interest and dividend income $ 47 $ 4,747 $ 246 $ 17,955 Realized gain on sale of securities — 201,465 — 347,490 Royalty income 3,000 3,230 9,000 9,230 Miscellaneous 21,227 800 23,298 80,110 Total Other Income $ 24,274 $ 210,242 $ 32,544 $ 454,785

401 (K) Plan

401 (K) Plan	9 Months Ended
	Aug. 31, 2015
Compensation and Retirement Disclosure [Abstract]
401 (K) PLAN	401(K) PLAN The Company has a 401(K) Profit Sharing Plan for both union and non-union employees. The union plan requires one year of service and the non-union plan requires six months of service in order to be eligible to participate. Employees for both plans must be 21 years or older to participate. Employees may make salary reduction contributions up to 25% of compensation not to exceed the federal government limits. The Plan allows for the Company to make discretionary contributions. For all periods to date, the Company did not make any contributions.

Income Taxes

Income Taxes	9 Months Ended
	Aug. 31, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 10 - INCOME TAXES CCA and its subsidiaries file a consolidated federal income tax return. The Company previously adopted the provisions of ASC Subtopic 740-10-25, “Uncertain Tax Positions”. Management believes that there were no unrecognized tax benefits, or tax positions that would result in uncertainty regarding the deductions taken, as of August 31, 2015 and August 31, 2014 . ASC Subtopic 740-10-25 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. There were penalties and related interest of $0 for the nine months ended August 31 2015, and $586 for the nine months ended August 31 2014. Penalties are recorded in selling, general and administrative expenses. The charitable contributions portion of the deferred tax asset and the loss carry forward as of August 31, 2015 has $337,838 and $9,493,327 , respectively, that has been reclassified as a long-term asset, based on an estimate of the amount that will be realizable in periods greater than twelve months from August 31, 2015 . At August 31, 2015 and November 30, 2014 , respectively, the Company had temporary differences arising from the following: August 31, 2015 Classified As Type Amount Deferred Tax Short-Term Long-Term Depreciation $ (1,135,934 ) $ (419,201 ) $ — $ (419,201 ) Reserve for bad debts 7,635 2,817 2,817 — Reserve for returns 328,205 121,120 121,120 — Reserve for obsolete inventory 347,558 128,262 128,262 — Vacation accrual 109,528 40,420 40,420 — Accrued bonus 222,000 81,927 81,927 Charitable contributions 1,101,720 406,575 68,737 337,838 Section 263A costs 76,942 28,395 28,395 — Loss carry forward 27,587,233 10,180,700 687,373 9,493,327 Net deferred tax asset (liability) $ 10,571,015 $ 1,159,051 $ 9,411,964 November 30, 2014 Classified As Type Amount Deferred Tax Short-Term Long-Term Depreciation $ (685,154 ) $ (252,883 ) $ — $ (252,883 ) Reserve for bad debts 25,124 9,272 9,272 — Reserve for returns 2,942,544 1,085,907 1,085,907 — Reserve for obsolete inventory 608,504 224,560 224,560 — Vacation accrual 148,751 54,895 54,895 — Charitable contributions 1,100,940 406,287 132,853 273,434 Section 263A costs 128,079 47,266 47,266 — Loss carry forward 22,933,333 8,296,176 1,328,532 6,967,644 Net deferred tax asset (liability) $ 9,871,480 $ 2,883,285 $ 6,988,195 Income tax (benefit) expense is made up of the following components: Three Months Ended Nine Months Ended August 31, 2015 August 31, 2014 August 31, 2015 August 31, 2014 Continuing Operations Current tax - Federal $ — $ — $ — $ — Current tax - State & Local (9,165 ) 2,000 (5,138 ) 6,000 Deferred tax 142,554 (116,105 ) (728,093 ) (550,788 ) Tax - Continuing Operations $ 133,389 $ (114,105 ) $ (733,231 ) $ (544,788 ) Discontinued Operations Current tax - Federal — — — — Current tax - State & Local — — — — Deferred tax (73,211 ) 508,441 28,558 (2,180,468 ) Tax - Discontinued Operations $ (73,211 ) $ 508,441 $ 28,558 $ (2,180,468 ) Prepaid and refundable income taxes are made up of the following components: Prepaid and refundable income taxes Federal State & Total August 31, 2015 $ — $ 16,766 $ 16,766 November 30, 2014 $ 167,075 $ 286,523 $ 453,598 A reconciliation of the provision for (benefit from) income taxes computed at the statutory rate to the effective rate for the three months ended August 31, 2015 , and August 31, 2014 is as follows: Three Months Ended Three Months Ended August 31, 2015 August 31, 2014 Amount Percent of Pretax Income Amount Percent of Pretax Income Continuing Operations (Benefit from) provision for income taxes at federal statutory rate $ 104,879 34.00 % $ (106,493 ) 34.00 % Changes in provision (benefit) for income taxes resulting from: State income taxes, net of federal income tax benefit 8,946 2.90 % (9,083 ) 2.90 % Non-deductible expenses and other adjustments 19,564 6.34 % 1,471 (0.47 )% (Benefit from) provision for income taxes at effective rate 133,389 43.24 % (114,105 ) 36.43 % Discontinued Operations Provision for (benefit from) income taxes at federal statutory rate $ (67,457 ) 34.00 % $ 474,525 34.00 % Changes in benefit from income taxes resulting from: State income taxes, net of federal income tax benefit (5,754 ) 2.90 % 40,474 2.90 % Non-deductible expenses and other adjustments — — % (6,558 ) (0.47 )% Provision for (benefit from) income taxes at effective rate for Discontinued Operations $ (73,211 ) 36.90 % $ 508,441 36.43 % Total benefit from income taxes at effective rate $ 60,178 54.67 % $ 394,336 36.43 % Nine Months Ended Nine Months Ended August 31, 2015 August 31, 2014 Amount Percent of Pretax Income Amount Percent of Pretax Income Continuing Operations Benefit from income taxes at statutory rate $ (772,616 ) 34.00 % $ (503,868 ) 34.00 % Increases in taxes resulting from: State income taxes, net of federal income tax benefit (65,900 ) 2.90 % (42,977 ) 2.90 % Non-deductible expenses and other adjustments 105,285 (4.63 )% 2,057 (0.14 )% Benefit from income taxes at effective rate $ (733,231 ) 32.27 % (544,788 ) 36.76 % Discontinued Operations Provision for (benefit from) income taxes at federal statutory rate $ 30,092 34.00 % $ (2,016,693 ) 34.00 % Changes in (benefit) provision for income taxes resulting from: State income taxes, net of federal income tax benefit 2,567 2.90 % (172,012 ) 2.90 % Non-deductible expenses and other adjustments (4,101 ) (4.63 )% 8,237 (0.14 )% Provision for (benefit from) income taxes at effective rate $ 28,558 32.27 % $ (2,180,468 ) 36.76 % Total benefit from income taxes at effective rate $ (704,673 ) 32.27 % $ (2,725,256 ) 36.76 %

Stock-based compensation

Stock-based compensation	9 Months Ended
	Aug. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION On June 15, 2005, the shareholders approved an amended and Restated Stock Option Plan amending the 2003 Stock Option Plan (the “Plan”). The Plan authorizes the issuance of up to one million shares of common stock (subject to customary adjustments set forth in the plan) pursuant to equity awards, which may take the form of incentive stock options, nonqualified stock options restricted shares, stock appreciation rights and/or performance shares. The plan expired in April, 2015. On August 13, 2015, the shareholders approved the 2015 CCA Industries, Inc. Incentive Plan (the "2015 Plan"). The 2015 Plan authorizes the issuance of up to 700,000 shares of common stock (subject to customary adjustments set forth in the plan) pursuant to equity awards, which may take the form of incentive stock options, nonqualified stock options, stock appreciation rights and/or restricted stock. On January 1, 2006, the Company adopted ASC Topic 718, "Stock Compensation" which requires an entity to recognize the grant-date fair value of stock options and other equity-based compensation issued to employees in the financial statements. The fair value of the stock option grants below were estimated on the date of the grant using a Black-Scholes valuation model and the assumptions in the following table: Option Grant Date January 5, 2015 Assumptions: Risk-free interest rate 1.57% Dividend yield — Stock volatility 37.74% Option Term (years) 10.0 On January 5, 2015, the Company granted incentive stock options under the Plan for 175,000 shares to eight Company employees, including Richard Kornhauser, the Company's Chief Executive Officer for 100,000 shares and Stephen Heit, the Company's Chief Financial Officer for 35,000 shares. All options were granted at $3.48 per share. The closing price of the Company's stock on the date of grant was $3.48 per share. The options vest in equal 20% increments commencing on January 5, 2015, and for each of the four subsequent anniversaries of such date. The options expire on January 5, 2024. The Company has estimated the fair value of the options granted to be $297,834 as of the grant date, which amount shall be amortized as an expense over a five year period. The Company recorded a charge against earnings in the amount of $23,897 for the three months ended August 31, 2015 and $8,100 for the three months ended August 31, 2014 in for all outstanding stock options granted. The Company recorded a charge against earnings in the amount of $82,536 for the nine months ended August 31 2015 and $18,900 for the nine months ended August 31 2014 in for all outstanding stock options granted. A summary of stock option activity for the Company is as follows: Number of Options Weighted-Average Exercise Price Weighted-Average Remaining Term (years) Aggregate Intrinsic Value Outstanding at November 30, 2013 — — 0 — Granted 137,000 $3.40 5.4 — Exercised — — — — Canceled or Forfeited — — — — Outstanding at November 30, 2014 137,000 $3.40 5.4 — Granted 175,000 $3.48 9.6 — Exercised — — — Canceled or Forfeited — — — — Outstanding at February 28, 2015 312,000 $3.45 7.6 — Granted — — 0 — Exercised — — — — Canceled or Forfeited — — — — Outstanding at May 31, 2015 312,000 $3.45 7.4 — Granted — — 0 — Exercised — — — — Canceled or Forfeited — — — — Outstanding at August 31, 2015 312,000 $3.45 7.4 —

Income (Loss) Per Share

Income (Loss) Per Share	9 Months Ended
	Aug. 31, 2015
Earnings Per Share [Abstract]
INCOME (LOSS) PER SHARE	INCOME (LOSS) PER SHARE Basic income (loss) earnings per share is calculated using the average number of common shares outstanding. Diluted income (loss) earnings per share is computed on the basis of the average number of common shares outstanding plus the effect of outstanding stock options using the “treasury stock method”. Three Months Ended Nine Months Ended August 31, 2015 August 31, 2014 August 31, 2015 August 31 2014 Net income (loss) available for common shareholders $ 49,889 $ 688,111 $ (1,479,222 ) $ (4,688,159 ) Weighted average common shares outstanding-Basic 7,006,684 7,006,684 7,006,684 7,006,684 Net effect of dilutive stock options — — — — Weighted average common shares and common shares equivalents—Diluted 7,006,684 7,006,684 7,006,684 7,006,684 Earnings (Loss) per Share: Basic Continuing Operations $ 0.02 $ (0.03 ) $ (0.22 ) $ (0.13 ) Discontinued Operations $ (0.02 ) $ 0.13 $ 0.01 $ (0.54 ) Income (Loss) $ — $ 0.10 $ (0.21 ) $ (0.67 ) Diluted Continuing Operations $ 0.02 $ (0.03 ) $ (0.22 ) $ (0.13 ) Discontinued Operations $ (0.02 ) $ 0.13 $ 0.01 $ (0.54 ) Income (Loss) $ — $ 0.10 $ (0.21 ) $ (0.67 ) For the three and nine month periods ended August 31, 2015, there were 1,892,744 of shares underlying an outstanding warrant and 312,000 shares underlying previously issued stock options that were excluded from diluted loss per share because the effects of such shares were anti-dilutive. For the three and nine month periods ended August 31, 2014, there were 100,000 shares underlying previously issued stock options that were excluded from diluted loss per share because the effect of such shares were anti-dilutive.

Restructuring

Restructuring	9 Months Ended
	Aug. 31, 2015
Restructuring and Related Activities [Abstract]
RESTRUCTURING	RESTRUCTURING On January 20, 2014, the Company announced that its Board of Directors had approved management’s plan to restructure the Company’s operations, and enter into a key business partnership with The Emerson Group, a premier sales and marketing company located in Wayne, Pennsylvania. As part of this change, the Company has outsourced to Emerson certain sales and administrative functions effective February 1, 2014. In addition, warehousing and shipping was outsourced to Ozburn-Hessey Logistics "OHL", one of the largest integrated global supply chain management companies in the United States. The Company’s inventory was moved to an OHL-managed facility in Indianapolis, Indiana and shipping commenced from there as of the week of February 3, 2014. A key benefit of the outsourcing move is that it shifted a substantial portion of the Company’s current fixed costs into a variable cost structure moving forward which can ultimately help keep expenses in better alignment with any future revenue generated by its brands. As a result of the outsourcing, the Company will have reduced its work force from 97 to 21 employees when complete. As of August 31, 2015 , the Company's workforce has been reduced to 19 employees. As of August 31, 2015 , there were unpaid severance costs of $844,296 which is recorded as an accrued expense on the Company's consolidated balance sheet. As of November 30, 2014, accrued restructuring costs were $1,043,897 . Restructuring charges related to the termination of employees during the quarter were reduced by $29,507 during the three months ending August 31, 2015 . For the nine months ended August 31 , 2015 , total restructuring changes for the Company was $1,467,835 . The Company made payments of $71,459 for the three months ended August 31, 2015 and $291,522 for the nine months ended August 31 , 2015 related to the termination of employees during the quarter. This unpaid balance will be paid out during the balance of Fiscal 2015 and Fiscal 2016. In April 2015, the Company moved from its facility at 200 Murray Hill Parkway, East Rutherford, New Jersey to a new facility at 65 Challenger Road, Suite 340, Ridgefield Park, New Jersey. The East Rutherford facility consisted of warehouses and offices totaling approximately 81,000 square feet of space. As a result of the outsourcing to the Emerson Group, the Company had not been using the warehouse space since December 2014. The facility at Ridgefield Park is located in an office building and consists of 7,414 square feet of office and allocated common space with an annual rental cost of $159,401 per year. In addition, the Company will pay an electric charge of $1.75 per square foot per year. The lease is for five years and four months, commencing April 10, 2015, and contains a provision for four months of rent at no charge. In June 2015, the Company sub-let the East Rutherford facility. The terms of the sub-let is for a monthly rent of $36,963 plus all common charges and utilities for a term of six years and ten and a half months, expiring in May 2022. The sub-lease provides for annual increases of 2% per year.

Discontinued Operations

Discontinued Operations	9 Months Ended
	Aug. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS The Company discontinued the Gel Perfect color nail polish business effective as of May 31, 2014. The Gel Perfect brand had declining sales in fiscal 2013 and fiscal 2014. During the third quarter of fiscal 2014 the Company discontinued its operations of the Mega-T brand of weight loss and dietary supplement business and on August 26, 2014, the Company entered into an asset purchase agreement (“Asset Purchase Agreement”) with Mega-T, LLC (“LLC”), an entity formed by Casla Partners Capital Fund I, LP for the sale of inventory, trademarks and other intellectual property rights related to the Mega-T brand. The Company decided to sell the Mega-T brand in order to focus its resources behinds its five remaining core brands. Both brands have been recorded as discontinued operations and are reflected as such in the Company's statement of operations. The following table summarizes those components of the statement of operations for discontinued brands, which contains additional returns due to the finalization of the reserve for returns and allowances and notification that certain co-op programs did not occur leading to the cancellation of specific contracts for this product for the three months ended August 31, 2015 and 2014 and for the nine months ended August 31, 2015 and 2014 : Three Months Ended August 31, Three Months Ended August 31, 2015 2014 Mega GP Total Mega GP Total Net Sales $ — $ (198,402 ) $ (198,402 ) $ 1,069,946 $ 385,028 $ 1,454,974 Income before Provision for Income Taxes — (198,402 ) (198,402 ) 1,514,597 (118,934 ) 1,395,663 Provision for Income Tax — (73,211 ) (73,211 ) 551,769 (43,328 ) 508,441 Net Income (Loss) $ — $ (125,191 ) $ (125,191 ) $ 962,828 $ (75,606 ) $ 887,222 Earnings (loss) per Share: Basic $ — $ (0.02 ) $ (0.02 ) $ 0.14 $ (0.01 ) $ 0.13 Diluted $ — $ (0.02 ) $ (0.02 ) $ 0.14 $ (0.01 ) $ 0.13 Weighted average shares outstanding Basic 7,006,684 7,006,684 7,006,684 7,006,684 7,006,684 7,006,684 Diluted 7,006,684 7,006,684 7,006,684 7,006,684 7,006,684 7,006,684 Nine Months Ended August 31, Nine Months Ended August 31, 2015 2014 Mega GP Total Mega GP Total Net Sales $ — $ 88,506 $ 88,506 $ 250,140 $ (2,340,938 ) $ (2,090,798 ) Income before Provision for Income Taxes — 88,506 88,506 (1,458,009 ) (4,473,440 ) $ (5,931,449 ) Provision for Income Tax — 28,558 28,558 (535,981 ) (1,644,487 ) $ (2,180,468 ) Net Income (Loss) $ — $ 59,948 $ 59,948 $ (922,028 ) $ (2,828,953 ) $ (3,750,981 ) Earnings (loss) per Share: Basic $ — $ 0.01 $ 0.01 $ (0.13 ) $ (0.40 ) $ (0.54 ) Diluted $ — $ 0.01 $ 0.01 $ (0.13 ) $ (0.40 ) $ (0.54 ) Weighted average shares outstanding Basic 7,006,684 7,006,684 7,006,684 7,006,684 7,006,684 7,006,684 Diluted 7,006,684 7,006,684 7,006,684 7,006,684 7,006,684 7,006,684 The activity for Gel Perfect for the quarter is due to finalization of the reserve for returns and allowances and notification that certain programs did not occur leading to the cancellation of specific contracts for this product.

Certain Relationships and Relat

Certain Relationships and Related Transactions	9 Months Ended
	Aug. 31, 2015
Related Party Transactions [Abstract]
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS	CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS David Edell served as a director during fiscal 2014 until September 5, 2014. Ira Berman is a former director. On September 5, 2014, the Company entered into Separation Agreements with David Edell and Ira Berman, (the “Founders”) whereby they are no longer required to perform any consulting services pursuant to their Amended and Restated Employment Agreements. The Company was required per the Separation Agreements to make an additional payment of $200,000 in the aggregate to the Founders by October 1, 2015 and pay $794,620 in the aggregate in fifteen equal monthly installments of $25,000 commencing on October 3, 2014. The Company, Mr. Edell and Mr. Berman agreed to defer the $200,000 payment until October 1, 2016. In addition, as of August 31, 2015, the Company owed $345,828 in the aggregate to Mr. Edell and Mr. Berman. This amount is being paid at the rate of $25,000 per month until fully paid. On September 5, 2014, the Company entered into a Loan and Security Agreement (the “Agreement”) with Capital Preservation Solutions, LLC (“Capital”) for a $5,000,000 working capital line of credit and a term loan for working capital purposes not to exceed $1,000,000 . Capital Preservation Solutions, LLC is owned by Lance Funston, who also is the managing partner of Capital Preservations Holdings, LLC which owns common stock and all of the Company's Class A common stock. Contemporaneously with the signing of the Agreement, the Company issued a Warrant to Purchase Common Stock (the “Warrant”) to Capital whereby Capital may acquire upon exercise of the Warrant 1,892,744 shares of the Company’s Common Stock. The Warrant may be exercised in whole or in part at any time during the exercise period which is five years from the date of the Warrant. The Warrant bears a purchase price of $3.17 per share, subject to adjustments. The working capital line of credit and term loan have been recorded on the consolidated balance sheet as of August 31, 2015 as from a related party. Interest and amortized financing costs in the amount of $438,144 for three months ended August 31, 2015 and $1,288,439 for nine months ended August 31, 2015 for was incurred to Capital and is recorded on the consolidated statement of operations for the year ended August 31, 2015 as interest expense to a related party. The Company also signed an agreement in December 2014 with Funston Media Management Services, Inc., which is owned by Lance Funston. The agreement provides for Funston Media Management Services, Inc. to provide consumer advertising purchasing services and brand management for a fee equal to 7.5% of the advertising costs plus a monthly retainer of $15,000 per month. The agreement ends on November 19, 2015. The Company incurred costs in the amount of $0 for three months ended August 31, 2015 and $190,240 for the nine months ended August 31, 2015 .

Subsequent Events

Subsequent Events	9 Months Ended
	Aug. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS In September 2015, the Company signed a proposal with CNH Finance, Inc. for a $5,500,000 working capital line of credit. The proposed working capital line is for a three year term, with an interest rate of 6.0% plus 30 day LIBOR (currently 0.21% ). The Company paid a deposit of $25,000 to CNH Finance, Inc. for due diligence costs. The agreement is subject to the completion of satisfactory due diligence and customary documentation. The Company anticipates that the working capital line will be funded in November 2015, with an initial draw of $3,700,000 in order to pay the outstanding balance due to Capital Preservation Solutions, LLC for the working capital and term loan provided.

Summary of Significant Accoun24

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Aug. 31, 2015
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation: The consolidated financial statements include the accounts of CCA and its wholly-owned subsidiaries (collectively the “Company”). All significant inter-company accounts and transactions have been eliminated.
Estimates and Assumptions	Estimates and Assumptions: The consolidated financial statements include the use of estimates, which management believes are reasonable. The process of preparing financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”), requires management to make estimates and assumptions regarding certain types of assets, liabilities, revenues, and expenses. Such estimates primarily relate to unsettled transactions and events as of the date of the financial statements. Accounting estimates and assumptions are those that management considers to be most critical to the financial statements because they inherently involve significant judgment and uncertainties. All of these estimates and assumptions reflect management’s best judgment about current economic and market conditions and their effects on the information available as of the date of the consolidated financial statements. Accordingly, upon settlement, actual results may differ from estimated amounts.
Comprehensive Income (Loss)	Comprehensive Income (Loss): Comprehensive income (loss) includes changes in equity that are excluded from the consolidated statements of operations and are recorded directly into a separate section of consolidated statements of comprehensive (loss) income. The Company’s accumulated other comprehensive income (loss) shown on the consolidated balance sheets consist of unrealized gains and losses on investment holdings, net of deferred tax expense or benefit.
Cash and Cash Equivalents	Cash and Cash Equivalents: The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents.
Accounts Receivable	Accounts Receivable: Accounts receivable consist of trade receivables recorded at original invoice amount, less an estimated allowance for uncollectible amounts. The accounts receivable balance is further reduced by allowance for cooperative advertising and reserves for returns which are anticipated to be taken as credits against the balances as of August 31, 2015 . The allowances and reserves which are anticipated to be deducted from future invoices are included in accrued liabilities. Trade credit is generally extended on a short term basis; thus trade receivables do not bear interest, although a finance charge may be applied to receivables that are past due. Trade receivables are periodically evaluated for collectability based on past credit history with customers and their current financial condition. Changes in the estimated collectability of trade receivables are recorded in the results of operations for the period in which the estimate is revised. Trade receivables that are deemed uncollectible are offset against the allowance for uncollectible accounts. The Company generally does not require collateral for trade receivables.
Inventories	Inventories: Inventories are stated at the lower of cost (weighted average) or market. Product returns are either recorded in inventory when they are received at the lower of their original cost or market or destroyed, as appropriate. Obsolete inventory is written off and its value is removed from inventory at the time its obsolescence is determined.
Property and Equipment and Depreciation and Amortization	Property and Equipment and Depreciation and Amortization: Property and equipment are stated at cost. The Company charges to expense repairs and maintenance items, while major improvements and betterments are capitalized. When the Company sells or otherwise disposes of property and equipment items, the cost and related accumulated depreciation are removed from the respective accounts and any gain or loss is included in earnings. Depreciation and amortization are provided utilizing the straight-line method over the following estimated useful lives or lease terms of the assets, whichever is shorter: Machinery and equipment 5-7 Years Furniture and fixtures 3-10 Years Tools, dies and masters 3 Years Transportation equipment 5 Years Leasehold improvements Remaining life of the lease (4 years 9 months)
Intangible Assets	Intangible Assets: Intangible assets, which consist of patents and trademarks, are stated at cost. Patents are amortized on the straight-line method over a period of 17 years. Patents are reviewed for impairment when events or changes in business indicate that the carrying amount may not be recoverable. Trademarks are indefinite lived intangible assets and are reviewed for impairment annually or more frequently if impairment conditions occur.
Long Lived Assets	Long-Lived Assets: Long-lived assets are assets in which the Company has an economic benefit for longer than twelve months from the date of the financial statement. Long-lived assets include property and equipment, intangible assets and other assets. The Company evaluates impairment losses on long-lived assets used in operations when events and circumstances indicate that the asset might be impaired. If the review indicates that the carrying value of an asset will not be recoverable, based on a comparison of the carrying value of the asset to the undiscounted future cash flows, the impairment will be measured by comparing the carrying value of the asset to its fair value. Fair value will be determined based on discounted cash flows or appraisals. Impairments are recorded in the statement of operations as part of selling, general and administrative expenses.
Revenue Recognition and Cooperative Advertising	Revenue Recognition: (See also Cooperative Advertising) The Company recognizes sales in accordance with ASC Topic 605 “Revenue Recognition”. Revenue is recognized upon shipment of merchandise. Net sales comprise gross revenues less expected returns, trade discounts, customer allowances and various sales incentives. Included in sales incentives are coupons that the Company issues that are redeemed by its customers. Redemptions are handled by a coupon national clearing house. The Company also has estimated that there is an approximate six week lag in coupon redemptions, with the estimated cost recorded as an accrued liability. Although no legal right of return exists between the customer and the Company, returns, including return of unsold products, are accepted if it is in the best interests of the Company's relationship with the customer. The Company, therefore, records a reserve for returns based on the historical returns as a percentage of sales in the five preceding months and specific reserve based on customer circumstances and product circumstances. Those returns which are anticipated to be taken as credits against the balances as of August 31, 2015 are offset against the accounts receivable. The reserves which are anticipated to be deducted from future invoices are included in accrued liabilities. Changes in the estimated coupon reserve and sales return reserve are recorded to Sales of health and beauty aid products - net, in the Consolidated Statement of Operations. Cooperative Advertising: Cooperative advertising is accrued based on a combination of new contracts given to the customers in the current fiscal year, along with what is left open from prior years. Specific new contracts in the current fiscal year are identified as sales incentives (see sales incentives) and those contracts reduce revenues for the current period. The open balances for all years open are reduced throughout the year by either the customer advertising and submitting the proof according to the contract or by customer post audit adjustments that finalize any amount due. Any item open more than three years is closed unless management believes that a deduction may still be taken by the customer. The portion of cooperative advertising recorded as sales incentives was reduced by $670,513 in the first nine months of fiscal 2015 to close out cooperative advertising for fiscal year 2012 and cancel coop contract for fiscal year 2013 and 2014 relating to changes in estimates of amounts previously recorded and $600,000 for the same period in 2014. The balance of the remaining open cooperative advertising is allocated between accrued liabilities and the allowance for cooperative advertising based the customer's open accounts receivable balance.
Sales Incentives	Sales Incentives: The Company has accounted for certain sales incentives offered to customers by charging them directly to sales as opposed to advertising and promotional expense. These accounting adjustments do not affect net income (loss).
Shipping Costs	Shipping Costs: The Company’s policy for financial reporting is to charge shipping costs as part of selling, general and administrative expenses as incurred.
Advertising Costs	Advertising Costs: The Company’s policy for financial reporting is to charge advertising cost to expense as incurred.
Research and Development Costs	Research and Development Costs : The Company's policy for financial reporting is to charge research and development costs to expense as incurred.
Income Taxes and Tax Credits	Income Taxes: Income taxes are accounted for under ASC Topic 740 “Income Taxes”, which utilizes the asset and liability method. Deferred tax assets and liabilities are recognized for future tax consequences attributable to the temporary differences between the carrying amounts of assets and liabilities as recorded on the Company’s financial statements and the carrying amounts as reflected on the Company’s income tax return. In addition, the portion of charitable contributions that cannot be deducted in the current period and are carried forward to future periods are also reflected in the deferred tax assets. A substantial portion of the deferred tax asset is due to the losses incurred in fiscal 2013 and fiscal 2014, the benefit of which will be carried forward into future tax years. Deferred tax assets and liabilities are valued using the tax rates expected to apply in the years in which those temporary differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion, or all of the deferred tax asset will not be realized. Management has estimated that it will utilize the entire deferred tax asset in future years based on anticipated future profitability which is contingent on the successful realization of anticipated cost savings associated with the outsourcing of many functions to The Emerson Group, the substantial reduction in personnel and a reduction in other expenses. However, anticipated future profitability may be impacted if the Company’s sales decrease from current levels or due to other factors discussed under Item 1A - Risk Factors in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 2, 2015 as supplemented in this Form 10-Q. The portion that management expects to utilize in fiscal 2015 is recorded as a short term asset, and the portion that management expects to utilize in fiscal years subsequent to fiscal 2015 is recorded as a long term asset. The Company previously adopted the provisions of ASC Subtopic 740-10-25, “Uncertain Tax Positions”. Management believes that there were no unrecognized tax benefits, or tax positions that would result in uncertainty regarding the deductions taken, as of August 31, 2015 and November 30, 2014 . ASC Subtopic 740-10-25 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. Tax Credits: Tax credits, when present, are accounted for using the flow-through method as a reduction of income taxes in the years utilized.
Earnings (Loss) Per Common Share	Earnings (Loss) Per Common Share: Basic earnings (loss) per share are calculated in accordance with ASC Topic 260, “Earnings Per Share”, which requires using the average number of shares of common stock outstanding during the year. Diluted earnings (loss) per share is computed on the basis of the average number of common shares outstanding plus the dilutive effect of any common stock equivalents using the “treasury stock method”. Common stock equivalents consist of stock options.
Stock Options	Stock Options: ASC Topic 718, “Stock Compensation,” requires stock grants to employees to be recognized in the consolidated statement of operations based on their fair values.
Recent Accounting Pronouncements	Recent Accounting Pronouncements: In July 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update No. 2015-11 which requires that inventory be measured at the lower of cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business less reasonably predicable costs. The update is effective for fiscal years, and the interim periods within those years, beginning after December 15, 2016. Management has not evaluated as of yet whether the application of ASU 2015-11 would have a material impact on the Company's financial position or results of operations. In August 2015, the FASB issued Accounts Standards Update No. 2015-14. The Company previously reported that in May 2014, Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") 2014-09, "Revenue from Contracts with Customers". This ASU is a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of good or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. Accounting Standards Update No. 2015-14 amends the effective date to annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. We are currently evaluating the impact of adopting ASU 2015-14 and 2014-09 on our consolidated financial statements and related disclosures. In August 2015, the FASB issued Accounts Standards Update No. 2015-15 regarding the imputation of interest associated with debt issuance costs and the measurement of debt issuance costs related to line-of-credit arrangements. This update is a modification of ASU 2015-03, adding SEC staff comments, and is effective for fiscals years, and the interim periods within those years, beginning after December 15, 2015. Management does not believe that the application of ASU 2015-15 will have a material impact on the Company's financial position or results of operation. Management does not believe that any other recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.

Summary of Significant Accoun25

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Aug. 31, 2015
Accounting Policies [Abstract]
Summary of estimated useful lives or lease terms of the assets	Depreciation and amortization are provided utilizing the straight-line method over the following estimated useful lives or lease terms of the assets, whichever is shorter: Machinery and equipment 5-7 Years Furniture and fixtures 3-10 Years Tools, dies and masters 3 Years Transportation equipment 5 Years Leasehold improvements Remaining life of the lease (4 years 9 months)

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Aug. 31, 2015
Inventory Disclosure [Abstract]
Schedule of components of inventory	The components of inventory consist of the following: August 31, November 30, Raw materials $ 1,352,380 $ 2,408,220 Finished goods 2,433,463 2,773,270 $ 3,785,843 $ 5,181,490

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Aug. 31, 2015
Property, Plant and Equipment [Abstract]
Schedule of components of property and equipment	The components of property and equipment consisted of the following: August 31, November 30, Furniture and equipment 465,207 672,477 Tools, dies and masters 460,692 449,862 Transportation equipment 16,538 16,538 Capitalized lease obligations 41,326 41,326 Leasehold improvements 35,017 1,054,365 $ 1,018,780 $ 2,234,568 Less: Accumulated depreciation 775,394 1,125,968 Property and Equipment—Net $ 243,386 $ 1,108,600

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Aug. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	Intangible assets consist of owned trademarks and patents for eleven product lines. August 31, November 30, Patents and trademarks $ 800,293 $ 800,293 Less: Accumulated amortization 145,744 145,453 Intangible Assets - Net $ 654,549 $ 654,840

Accrued Expenses (Tables)

Accrued Expenses (Tables)	9 Months Ended
	Aug. 31, 2015
Payables and Accruals [Abstract]
Schedule of accounts payable and accrued liabilities	The following items which exceeded 5% of total current liabilities are included in accrued expenses as of: August 31, November 30, Co-operative advertising $ 1,989,590 $ 2,368,808 Restructuring Costs $ 844,296 $ 1,043,897 Accrued returns $ 600,384 $ 653,855

Other Income (Tables)

Other Income (Tables)	9 Months Ended
	Aug. 31, 2015
Other Income and Expenses [Abstract]
Summary of other income	Other income consists of the following: Three Months Ended August 31, Nine Months Ended August 31 2015 2014 2015 2014 Interest and dividend income $ 47 $ 4,747 $ 246 $ 17,955 Realized gain on sale of securities — 201,465 — 347,490 Royalty income 3,000 3,230 9,000 9,230 Miscellaneous 21,227 800 23,298 80,110 Total Other Income $ 24,274 $ 210,242 $ 32,544 $ 454,785

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Aug. 31, 2015
Income Tax Disclosure [Abstract]
Summary of temporary differences	At August 31, 2015 and November 30, 2014 , respectively, the Company had temporary differences arising from the following: August 31, 2015 Classified As Type Amount Deferred Tax Short-Term Long-Term Depreciation $ (1,135,934 ) $ (419,201 ) $ — $ (419,201 ) Reserve for bad debts 7,635 2,817 2,817 — Reserve for returns 328,205 121,120 121,120 — Reserve for obsolete inventory 347,558 128,262 128,262 — Vacation accrual 109,528 40,420 40,420 — Accrued bonus 222,000 81,927 81,927 Charitable contributions 1,101,720 406,575 68,737 337,838 Section 263A costs 76,942 28,395 28,395 — Loss carry forward 27,587,233 10,180,700 687,373 9,493,327 Net deferred tax asset (liability) $ 10,571,015 $ 1,159,051 $ 9,411,964 November 30, 2014 Classified As Type Amount Deferred Tax Short-Term Long-Term Depreciation $ (685,154 ) $ (252,883 ) $ — $ (252,883 ) Reserve for bad debts 25,124 9,272 9,272 — Reserve for returns 2,942,544 1,085,907 1,085,907 — Reserve for obsolete inventory 608,504 224,560 224,560 — Vacation accrual 148,751 54,895 54,895 — Charitable contributions 1,100,940 406,287 132,853 273,434 Section 263A costs 128,079 47,266 47,266 — Loss carry forward 22,933,333 8,296,176 1,328,532 6,967,644 Net deferred tax asset (liability) $ 9,871,480 $ 2,883,285 $ 6,988,195
Schedule of income tax expense	Income tax (benefit) expense is made up of the following components: Three Months Ended Nine Months Ended August 31, 2015 August 31, 2014 August 31, 2015 August 31, 2014 Continuing Operations Current tax - Federal $ — $ — $ — $ — Current tax - State & Local (9,165 ) 2,000 (5,138 ) 6,000 Deferred tax 142,554 (116,105 ) (728,093 ) (550,788 ) Tax - Continuing Operations $ 133,389 $ (114,105 ) $ (733,231 ) $ (544,788 ) Discontinued Operations Current tax - Federal — — — — Current tax - State & Local — — — — Deferred tax (73,211 ) 508,441 28,558 (2,180,468 ) Tax - Discontinued Operations $ (73,211 ) $ 508,441 $ 28,558 $ (2,180,468 )
Schedule of prepaid and refundable income taxes	Prepaid and refundable income taxes are made up of the following components: Prepaid and refundable income taxes Federal State & Total August 31, 2015 $ — $ 16,766 $ 16,766 November 30, 2014 $ 167,075 $ 286,523 $ 453,598
Provision for income taxes computed at the statutory rate	A reconciliation of the provision for (benefit from) income taxes computed at the statutory rate to the effective rate for the three months ended August 31, 2015 , and August 31, 2014 is as follows: Three Months Ended Three Months Ended August 31, 2015 August 31, 2014 Amount Percent of Pretax Income Amount Percent of Pretax Income Continuing Operations (Benefit from) provision for income taxes at federal statutory rate $ 104,879 34.00 % $ (106,493 ) 34.00 % Changes in provision (benefit) for income taxes resulting from: State income taxes, net of federal income tax benefit 8,946 2.90 % (9,083 ) 2.90 % Non-deductible expenses and other adjustments 19,564 6.34 % 1,471 (0.47 )% (Benefit from) provision for income taxes at effective rate 133,389 43.24 % (114,105 ) 36.43 % Discontinued Operations Provision for (benefit from) income taxes at federal statutory rate $ (67,457 ) 34.00 % $ 474,525 34.00 % Changes in benefit from income taxes resulting from: State income taxes, net of federal income tax benefit (5,754 ) 2.90 % 40,474 2.90 % Non-deductible expenses and other adjustments — — % (6,558 ) (0.47 )% Provision for (benefit from) income taxes at effective rate for Discontinued Operations $ (73,211 ) 36.90 % $ 508,441 36.43 % Total benefit from income taxes at effective rate $ 60,178 54.67 % $ 394,336 36.43 % Nine Months Ended Nine Months Ended August 31, 2015 August 31, 2014 Amount Percent of Pretax Income Amount Percent of Pretax Income Continuing Operations Benefit from income taxes at statutory rate $ (772,616 ) 34.00 % $ (503,868 ) 34.00 % Increases in taxes resulting from: State income taxes, net of federal income tax benefit (65,900 ) 2.90 % (42,977 ) 2.90 % Non-deductible expenses and other adjustments 105,285 (4.63 )% 2,057 (0.14 )% Benefit from income taxes at effective rate $ (733,231 ) 32.27 % (544,788 ) 36.76 % Discontinued Operations Provision for (benefit from) income taxes at federal statutory rate $ 30,092 34.00 % $ (2,016,693 ) 34.00 % Changes in (benefit) provision for income taxes resulting from: State income taxes, net of federal income tax benefit 2,567 2.90 % (172,012 ) 2.90 % Non-deductible expenses and other adjustments (4,101 ) (4.63 )% 8,237 (0.14 )% Provision for (benefit from) income taxes at effective rate $ 28,558 32.27 % $ (2,180,468 ) 36.76 % Total benefit from income taxes at effective rate $ (704,673 ) 32.27 % $ (2,725,256 ) 36.76 %

Stock-based compensation (Table

Stock-based compensation (Tables)	9 Months Ended
	Aug. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Valuation Assumptions	The fair value of the stock option grants below were estimated on the date of the grant using a Black-Scholes valuation model and the assumptions in the following table: Option Grant Date January 5, 2015 Assumptions: Risk-free interest rate 1.57% Dividend yield — Stock volatility 37.74% Option Term (years) 10.0
Activity of Share-based Payment Award	A summary of stock option activity for the Company is as follows: Number of Options Weighted-Average Exercise Price Weighted-Average Remaining Term (years) Aggregate Intrinsic Value Outstanding at November 30, 2013 — — 0 — Granted 137,000 $3.40 5.4 — Exercised — — — — Canceled or Forfeited — — — — Outstanding at November 30, 2014 137,000 $3.40 5.4 — Granted 175,000 $3.48 9.6 — Exercised — — — Canceled or Forfeited — — — — Outstanding at February 28, 2015 312,000 $3.45 7.6 — Granted — — 0 — Exercised — — — — Canceled or Forfeited — — — — Outstanding at May 31, 2015 312,000 $3.45 7.4 — Granted — — 0 — Exercised — — — — Canceled or Forfeited — — — — Outstanding at August 31, 2015 312,000 $3.45 7.4 —

Income (Loss) Per Share (Tables

Income (Loss) Per Share (Tables)	9 Months Ended
	Aug. 31, 2015
Earnings Per Share [Abstract]
Schedule of Earnings (Loss) Per Share	Diluted income (loss) earnings per share is computed on the basis of the average number of common shares outstanding plus the effect of outstanding stock options using the “treasury stock method”. Three Months Ended Nine Months Ended August 31, 2015 August 31, 2014 August 31, 2015 August 31 2014 Net income (loss) available for common shareholders $ 49,889 $ 688,111 $ (1,479,222 ) $ (4,688,159 ) Weighted average common shares outstanding-Basic 7,006,684 7,006,684 7,006,684 7,006,684 Net effect of dilutive stock options — — — — Weighted average common shares and common shares equivalents—Diluted 7,006,684 7,006,684 7,006,684 7,006,684 Earnings (Loss) per Share: Basic Continuing Operations $ 0.02 $ (0.03 ) $ (0.22 ) $ (0.13 ) Discontinued Operations $ (0.02 ) $ 0.13 $ 0.01 $ (0.54 ) Income (Loss) $ — $ 0.10 $ (0.21 ) $ (0.67 ) Diluted Continuing Operations $ 0.02 $ (0.03 ) $ (0.22 ) $ (0.13 ) Discontinued Operations $ (0.02 ) $ 0.13 $ 0.01 $ (0.54 ) Income (Loss) $ — $ 0.10 $ (0.21 ) $ (0.67 )

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Aug. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Discontinued Operations	The following table summarizes those components of the statement of operations for discontinued brands, which contains additional returns due to the finalization of the reserve for returns and allowances and notification that certain co-op programs did not occur leading to the cancellation of specific contracts for this product for the three months ended August 31, 2015 and 2014 and for the nine months ended August 31, 2015 and 2014 : Three Months Ended August 31, Three Months Ended August 31, 2015 2014 Mega GP Total Mega GP Total Net Sales $ — $ (198,402 ) $ (198,402 ) $ 1,069,946 $ 385,028 $ 1,454,974 Income before Provision for Income Taxes — (198,402 ) (198,402 ) 1,514,597 (118,934 ) 1,395,663 Provision for Income Tax — (73,211 ) (73,211 ) 551,769 (43,328 ) 508,441 Net Income (Loss) $ — $ (125,191 ) $ (125,191 ) $ 962,828 $ (75,606 ) $ 887,222 Earnings (loss) per Share: Basic $ — $ (0.02 ) $ (0.02 ) $ 0.14 $ (0.01 ) $ 0.13 Diluted $ — $ (0.02 ) $ (0.02 ) $ 0.14 $ (0.01 ) $ 0.13 Weighted average shares outstanding Basic 7,006,684 7,006,684 7,006,684 7,006,684 7,006,684 7,006,684 Diluted 7,006,684 7,006,684 7,006,684 7,006,684 7,006,684 7,006,684 Nine Months Ended August 31, Nine Months Ended August 31, 2015 2014 Mega GP Total Mega GP Total Net Sales $ — $ 88,506 $ 88,506 $ 250,140 $ (2,340,938 ) $ (2,090,798 ) Income before Provision for Income Taxes — 88,506 88,506 (1,458,009 ) (4,473,440 ) $ (5,931,449 ) Provision for Income Tax — 28,558 28,558 (535,981 ) (1,644,487 ) $ (2,180,468 ) Net Income (Loss) $ — $ 59,948 $ 59,948 $ (922,028 ) $ (2,828,953 ) $ (3,750,981 ) Earnings (loss) per Share: Basic $ — $ 0.01 $ 0.01 $ (0.13 ) $ (0.40 ) $ (0.54 ) Diluted $ — $ 0.01 $ 0.01 $ (0.13 ) $ (0.40 ) $ (0.54 ) Weighted average shares outstanding Basic 7,006,684 7,006,684 7,006,684 7,006,684 7,006,684 7,006,684 Diluted 7,006,684 7,006,684 7,006,684 7,006,684 7,006,684 7,006,684 The activity for Gel Perfect for the quarter is due to finalization of the reserve for returns and allowances and notification that certain programs did not occur leading to the cancellation of specific contracts for this product.

Organization and Description 35

Organization and Description of Business (Details)	Aug. 31, 2015subsidiary
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of wholly-owned subsidiaries	2

Summary of Significant Accoun36

Summary of Significant Accounting Policies - Useful Lives (Details)	9 Months Ended
	Aug. 31, 2015
Machinery and equipment | Minimum
Summary of estimated useful lives or lease terms of the assets
Estimated useful lives of the assets	5 years
Machinery and equipment | Maximum
Summary of estimated useful lives or lease terms of the assets
Estimated useful lives of the assets	7 years
Furniture and fixtures | Minimum
Summary of estimated useful lives or lease terms of the assets
Estimated useful lives of the assets	3 years
Furniture and fixtures | Maximum
Summary of estimated useful lives or lease terms of the assets
Estimated useful lives of the assets	10 years
Tools, dies and masters
Summary of estimated useful lives or lease terms of the assets
Estimated useful lives of the assets	3 years
Transportation equipment
Summary of estimated useful lives or lease terms of the assets
Estimated useful lives of the assets	5 years
Leasehold improvements
Summary of estimated useful lives or lease terms of the assets
Estimated useful lives of the assets	4 years 10 months 24 days

Summary of Significant Accoun37

Summary of Significant Accounting Policies - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Term accounts remain open unless management believes a deduction may still be taken			3 years
Summary of Significant Accounting Policies (Textual) [Abstract]
Shipping costs	$ 158,878	$ 207,357	$ 505,557	$ 862,254
Advertising, cooperative and promotional expenses	836,373	1,440,512	3,286,204	4,278,656
Research and Development Expense	$ 17,710	$ 107,781	$ 58,340	371,996
Patents
Finite-Lived Intangible Assets [Line Items]
Intangible asset useful life			17 years
Sales
Finite-Lived Intangible Assets [Line Items]
Decrease in reserve for open cooperative advertising			$ (670,513)	$ 600,000

Inventories - Components of Inv

Inventories - Components of Inventory (Details) - USD ($)	Aug. 31, 2015	Nov. 30, 2014
Schedule of components of inventory
Raw materials	$ 1,352,380	$ 2,408,220
Finished goods	2,433,463	2,773,270
Inventory	$ 3,785,843	$ 5,181,490

Inventories - Narrative (Detail

Inventories - Narrative (Details) - USD ($)	Aug. 31, 2015	Nov. 30, 2014
Inventory Disclosure [Abstract]
Reserve for inventory obsolescence	$ 347,558	$ 992,296

Property and Equipment - Net (D

Property and Equipment - Net (Details) - USD ($)	Aug. 31, 2015	Nov. 30, 2014
Schedule of components of property and equipment
Property and Equipment - Gross	$ 1,018,780	$ 2,234,568
Less: Accumulated depreciation	775,394	1,125,968
Property and Equipment—Net	243,386	1,108,600
Furniture and equipment
Schedule of components of property and equipment
Property and Equipment - Gross	465,207	672,477
Tools, dies and masters
Schedule of components of property and equipment
Property and Equipment - Gross	460,692	449,862
Transportation equipment
Schedule of components of property and equipment
Property and Equipment - Gross	16,538	16,538
Capitalized lease obligations
Schedule of components of property and equipment
Property and Equipment - Gross	41,326	41,326
Leasehold improvements
Schedule of components of property and equipment
Property and Equipment - Gross	$ 35,017	$ 1,054,365

Property and Equipment - Narrat

Property and Equipment - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 23,745	$ 78,903	$ 128,535	$ 241,705
Other Restructuring | Leasehold improvements
Property, Plant and Equipment [Line Items]
Write off of restructuring costs	714,138
Other Restructuring | Furnishings and equipment
Property, Plant and Equipment [Line Items]
Write off of restructuring costs	$ 128,943

Intangible Assets - Net (Detail

Intangible Assets - Net (Details) - USD ($)	Aug. 31, 2015	Nov. 30, 2014
Schedule of Intangible Assets
Patents and trademarks	$ 800,293	$ 800,293
Less: Accumulated amortization	145,744	145,453
Intangible Assets - Net	$ 654,549	$ 654,840

Intangible Assets - Narrative (

Intangible Assets - Narrative (Details)	3 Months Ended		9 Months Ended
	Aug. 31, 2015USD ($)	Aug. 31, 2014USD ($)	Aug. 31, 2015USD ($)product_line	Aug. 31, 2014USD ($)
Finite-Lived Intangible Assets [Line Items]
Number of product lines | product_line			11
Amortization Expense	$ 97	$ 5,110	$ 291	$ 15,329
2,015	388		388
2,016	388		388
2,017	388		388
2,018	388		388
2,019	$ 376		$ 376
Patents
Finite-Lived Intangible Assets [Line Items]
Intangible asset useful life			17 years

Accrued Expenses - Narrative (D

Accrued Expenses - Narrative (Details)	Aug. 31, 2015
Payables and Accruals [Abstract]
Maximum percentage of total current liabilities at which all other liabilities did not exceed (percent)	5.00%

Accrued Expenses - Components o

Accrued Expenses - Components of Accrued Expenses (Details) - USD ($)	Aug. 31, 2015	Nov. 30, 2014
Schedule of Accounts Payable and Accrued Liabilities
Co-operative advertising	$ 1,989,590	$ 2,368,808
Restructuring Costs	844,296	1,043,897
Accrued returns	$ 600,384	$ 653,855

Other Income (Details)

Other Income (Details) - USD ($)	3 Months Ended		9 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Summary of other Income
Interest and dividend income	$ 47	$ 4,747	$ 246	$ 17,955
Realized gain on sale of securities	0	201,465	0	347,490
Royalty income	3,000	3,230	9,000	9,230
Miscellaneous	21,227	800	23,298	80,110
Total Other Income	$ 24,274	$ 210,242	$ 32,544	$ 454,785

401K Plan (Details)

401K Plan (Details)	9 Months Ended
	Aug. 31, 2015
401(K) PLAN (Textual) [Abstract]
Profit sharing criteria minimum age requirement	21 years
Employees salary reduction contributions (percent)	25.00%
Union Plan 401K
401(K) PLAN (Textual) [Abstract]
Profit sharing criteria period of employees service	1 year
Non Union Plan 401K
401(K) PLAN (Textual) [Abstract]
Profit sharing criteria period of employees service	6 months

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	9 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Nov. 30, 2014
Operating Loss Carryforwards [Line Items]
Penalties and related interest	$ 0	$ 586
Deferred tax asset	9,411,964		$ 6,988,195
Charitable contributions
Operating Loss Carryforwards [Line Items]
Deferred tax asset	337,838		273,434
Loss carry forward
Operating Loss Carryforwards [Line Items]
Deferred tax asset	$ 9,493,327		$ 6,967,644

Income Taxes - Temporary Differ

Income Taxes - Temporary Differences (Details) - USD ($)	Aug. 31, 2015	Nov. 30, 2014
Operating Loss Carryforwards [Line Items]
Deferred Tax	$ 10,571,015	$ 9,871,480
Short-Term Asset	1,159,051	2,883,285
Long-Term Asset (Liability)	9,411,964	6,988,195
Depreciation
Operating Loss Carryforwards [Line Items]
Amount	(1,135,934)	(685,154)
Deferred Tax	(419,201)	(252,883)
Short-Term Asset	0	0
Long-Term Asset (Liability)	(419,201)	(252,883)
Reserve for bad debts
Operating Loss Carryforwards [Line Items]
Amount	7,635	25,124
Deferred Tax	2,817	9,272
Short-Term Asset	2,817	9,272
Long-Term Asset (Liability)	0	0
Reserve for returns
Operating Loss Carryforwards [Line Items]
Amount	328,205	2,942,544
Deferred Tax	121,120	1,085,907
Short-Term Asset	121,120	1,085,907
Long-Term Asset (Liability)	0	0
Reserve for obsolete inventory
Operating Loss Carryforwards [Line Items]
Amount	347,558	608,504
Deferred Tax	128,262	224,560
Short-Term Asset	128,262	224,560
Long-Term Asset (Liability)	0	0
Vacation accrual
Operating Loss Carryforwards [Line Items]
Amount	109,528	148,751
Deferred Tax	40,420	54,895
Short-Term Asset	40,420	54,895
Long-Term Asset (Liability)	0	0
Accrued bonus
Operating Loss Carryforwards [Line Items]
Amount	222,000
Deferred Tax	81,927
Short-Term Asset	81,927
Charitable contributions
Operating Loss Carryforwards [Line Items]
Amount	1,101,720	1,100,940
Deferred Tax	406,575	406,287
Short-Term Asset	68,737	132,853
Long-Term Asset (Liability)	337,838	273,434
Section 263A costs
Operating Loss Carryforwards [Line Items]
Amount	76,942	128,079
Deferred Tax	28,395	47,266
Short-Term Asset	28,395	47,266
Long-Term Asset (Liability)	0	0
Loss carry forward
Operating Loss Carryforwards [Line Items]
Amount	27,587,233	22,933,333
Deferred Tax	10,180,700	8,296,176
Short-Term Asset	687,373	1,328,532
Long-Term Asset (Liability)	$ 9,493,327	$ 6,967,644

Income Taxes - Expenses (Detail

Income Taxes - Expenses (Details) - USD ($)	3 Months Ended		9 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Continuing Operations
Current tax - Federal	$ 0	$ 0	$ 0	$ 0
Current tax - State & Local	(9,165)	2,000	(5,138)	6,000
Deferred tax	142,554	(116,105)	(728,093)	(550,788)
(Benefit from) provision for income taxes at effective rate	133,389	(114,105)	(733,231)	(544,788)
Discontinued Operations
Current tax - Federal	0	0	0	0
Current tax - State & Local	0	0	0	0
Deferred tax	(73,211)	508,441	28,558	(2,180,468)
Tax - Discontinued Operations	$ (73,211)	$ 508,441	$ 28,558	$ (2,180,468)

Income Taxes - Prepaid (Details

Income Taxes - Prepaid (Details) - USD ($)	Aug. 31, 2015	Nov. 30, 2014
Operating Loss Carryforwards [Line Items]
Prepaid and refundable income taxes	$ 16,766	$ 453,598
Federal
Operating Loss Carryforwards [Line Items]
Prepaid and refundable income taxes	0	167,075
State & Local
Operating Loss Carryforwards [Line Items]
Prepaid and refundable income taxes	$ 16,766	$ 286,523

Income Taxes - Rate Reconciliat

Income Taxes - Rate Reconciliation (Details) - USD ($)	3 Months Ended		9 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Schedule of reconciliation of the provision for income taxes computed at the statutory rate
(Benefit from) provision for income taxes at effective rate	$ 133,389	$ (114,105)	$ (733,231)	$ (544,788)
Tax - Discontinued Operations	(73,211)	508,441	28,558	(2,180,468)
Total benefit from income taxes at effective rate			(699,535)	(2,706,124)
Continuing and Discontinued Operations
Schedule of reconciliation of the provision for income taxes computed at the statutory rate
Total benefit from income taxes at effective rate	$ 60,178	$ 394,336	$ (704,673)	$ (2,725,256)
Total provision for (benefit from) income taxes at effective rate (percent)	54.67%	36.43%	32.27%	36.76%
Continuing Operations
Schedule of reconciliation of the provision for income taxes computed at the statutory rate
(Benefit from) provision for income taxes at federal statutory rate	$ 104,879	$ (106,493)	$ (772,616)	$ (503,868)
Provision for (benefit from) income taxes at federal statutory rate (percent)	34.00%	34.00%	34.00%	34.00%
State income taxes, net of federal income tax benefit	$ 8,946	$ (9,083)	$ (65,900)	$ (42,977)
State income taxes, net of federal income tax benefit (percent)	2.90%	2.90%	2.90%	2.90%
Non-deductible expenses and other adjustments	$ 19,564	$ 1,471	$ 105,285	$ 2,057
Non-deductible expenses and other adjustments (percent)	6.34%	(0.47%)	(4.63%)	(0.14%)
(Benefit from) provision for income taxes at effective rate	$ 133,389	$ (114,105)		$ (544,788)
Provision for (benefit from) income taxes at effective rate (percent)	43.24%	36.43%	32.27%	36.76%
Discontinued Operations
Schedule of reconciliation of the provision for income taxes computed at the statutory rate
(Benefit from) provision for income taxes at federal statutory rate	$ (67,457)	$ 474,525	$ 30,092	$ (2,016,693)
Provision for (benefit from) income taxes at federal statutory rate (percent)	34.00%	34.00%	34.00%	34.00%
State income taxes, net of federal income tax benefit	$ (5,754)	$ 40,474	$ 2,567	$ (172,012)
State income taxes, net of federal income tax benefit (percent)	2.90%	2.90%	2.90%	2.90%
Non-deductible expenses and other adjustments	$ 0	$ (6,558)	$ (4,101)	$ 8,237
Non-deductible expenses and other adjustments (percent)	0.00%	(0.47%)	(4.63%)	(0.14%)
Tax - Discontinued Operations	$ (73,211)	$ 508,441	$ 28,558
Benefit from income taxes at effective rate for Discontinued Operations (percent)	36.90%	36.43%	32.27%	36.76%

Stock-based compensation - Assu

Stock-based compensation - Assumptions (Details)	Jan. 05, 2015USD ($)employee$ / sharesshares	Aug. 31, 2015USD ($)$ / sharesshares	May. 31, 2015$ / sharesshares	Feb. 28, 2015$ / sharesshares	Aug. 31, 2014USD ($)	Aug. 31, 2015USD ($)shares	Aug. 31, 2014USD ($)	Nov. 30, 2014$ / sharesshares	Aug. 13, 2015shares	Nov. 30, 2013shares	Jun. 15, 2005shares
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Risk-free interest rate	1.57%
Dividend yield | $	$ 0
Stock volatility	37.74%
Option Term (years)	10 years
Shares issued (shares)	175,000	312,000	312,000	312,000		312,000		137,000		0
Number of employees granted shares | employee	8
Weighted average exercise price (usd per share) | $ / shares	$ 3.48	$ 0	$ 0	$ 3.48				$ 3.40
Share Price (usd per share) | $ / shares	$ 3.48
Award vesting percent	20.00%
Share based compensation of shares issued | $	$ 297,834
Award vesting period	5 years
Share-based compensation | $		$ 23,897			$ 8,100	$ 82,536	$ 18,900
Richard Kornhauser
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Shares issued (shares)	100,000
Stephen Heit
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Shares issued (shares)	35,000
Restated 2003 Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized to be repurchased											1,000,000
2015 CCA Industries Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized to be repurchased									700,000

Stock-based compensation - Opti

Stock-based compensation - Option Activity (Details) - USD ($)	Jan. 05, 2015	Aug. 31, 2015	May. 31, 2015	Feb. 28, 2015	Nov. 30, 2014	Nov. 30, 2013
Options, Outstanding [Roll Forward]
Beginning Balance, Outstanding (shares)		312,000	312,000	137,000	0
Granted (shares)		0	0	175,000	137,000
Exercised (shares)		0	0	0	0
Cancelled or Forfeited (shares)		0	0	0	0
Ending Balance, Outstanding (shares)	175,000	312,000	312,000	312,000	137,000	0
Weighted-Average Exercise Price
Beginning Balance, Outstanding (usd per share)		$ 3.45	$ 3.45	$ 3.40	$ 0
Granted (usd per share)	$ 3.48	0	0	3.48	3.40
Exercised (usd per share)		0	0	0	0
Cancelled or Forfeited (usd per share)		0	0	0	0
Ending Balance, Outstanding (usd per share)		$ 3.45	$ 3.45	$ 3.45	$ 3.40	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted Average Remaining Term, Ending Balance Outstanding		7 years 4 months 24 days	7 years 4 months 24 days	7 years 7 months 24 days	5 years 5 months 12 days	0 years
Weighted Average Remaining Term, Granted		0 years	0 years	9 years 7 months 24 days	5 years 5 months 12 days
Aggregate Intrinsic Value, Beginning Balance, Outstanding		$ 0	$ 0	$ 0	$ 0
Aggregate Intrinsic Value, Granted		0	0	0	0
Aggregate Intrinsic Value, Exercised		0	0	0	0
Aggregate Intrinsic Value, Canceled or Forfeited		0	0	0	0
Aggregate Intrinsic Value, Ending Balance, Outstanding		$ 0	$ 0	$ 0	$ 0	$ 0

Income (Loss) Per Share (Detail

Income (Loss) Per Share (Details) - USD ($)	3 Months Ended		9 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income (loss) available for common shareholders	$ 49,889	$ 688,111	$ (1,479,222)	$ (4,688,159)
Weighted average common shares outstanding- Basic (shares)	7,006,684	7,006,684	7,006,684	7,006,684
Net effect of dilutive stock options (shares)	0	0	0	0
Weighted average common shares and common shares equivalents-Diluted (shares)	7,006,684	7,006,684	7,006,684	7,006,684
Basic
Continuing Operations (usd per share)	$ 0.02	$ (0.03)	$ (0.22)	$ (0.13)
Discontinued Operations (usd per share)	(0.02)	0.13	0.01	(0.54)
Income (Loss) (usd per share)	0	0.10	(0.21)	(0.67)
Diluted
Continuing Operations (usd per share)	0.02	(0.03)	(0.22)	(0.13)
Discontinued Operations (usd per share)	(0.02)	0.13	0.01	(0.54)
Income (Loss) (usd per share)	$ 0	$ 0.10	$ (0.21)	$ (0.67)
Warrant
Diluted
Antidilutive securities excluded from computation of earnings per share (shares)	1,892,744		1,892,744
Employee Stock Option
Diluted
Antidilutive securities excluded from computation of earnings per share (shares)	312,000	100,000	312,000	100,000

Restructuring (Details)

Restructuring (Details)	Apr. 10, 2015	Jun. 30, 2015USD ($)	Apr. 30, 2015USD ($)ft²$ / ft²	Aug. 31, 2015USD ($)positionemployee	Aug. 31, 2014USD ($)	Aug. 31, 2015USD ($)positionemployee	Aug. 31, 2014USD ($)	Nov. 30, 2014USD ($)position
Restructuring Cost and Reserve [Line Items]
Restructuring Costs				$ (29,507)	$ 24,821	$ 1,467,835	$ 555,343
Sub-let monthly rent		$ 36,963
Remaining term on sub-let		6 years 10 months 15 days
Sub-let annual rent increase		2.00%
2014 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Entity number of employees | position				21		21		97
Current number of employees | employee				19		19
Severance costs remaining				$ 844,296		$ 844,296		$ 1,043,897
2014 Restructuring Plan | One-time Termination Benefits
Restructuring Cost and Reserve [Line Items]
Payments for restructuring				$ 71,459		$ 291,522
200 Murray Hill Parkway, East Rutherford, New Jersey
Restructuring Cost and Reserve [Line Items]
Area of real estate property | ft²			81,000
65 Challenger Road, Suite 340, Ridgefield Park, New Jersey
Restructuring Cost and Reserve [Line Items]
Area of real estate property | ft²			7,414
Annual rent expense			$ 159,401
Electric charge rate (usd per share) | $ / ft²			1.75
Term of contract	5 years 4 months
Operating leases, term of free rent			4 months

Discontinued Operations (Detail

Discontinued Operations (Details)	3 Months Ended		9 Months Ended
	Aug. 31, 2015USD ($)$ / sharesshares	Aug. 31, 2014USD ($)$ / sharesshares	Aug. 31, 2015USD ($)product_line$ / sharesshares	Aug. 31, 2014USD ($)$ / sharesshares
Significant Acquisitions and Disposals [Line Items]
Number of remaining core brands | product_line			5
Net Sales	$ 7,055,399	$ 7,807,019	$ 20,674,878	$ 24,650,057
Income before Provision for Income Taxes	(198,402)	1,395,662	88,506	(5,931,449)
Provision for Income Tax	(73,211)	508,441	28,558	(2,180,468)
(Loss) Income from Discontinued Operations	$ (125,191)	$ 887,221	$ 59,948	$ (3,750,981)
Earnings (Loss) per Share:
Basic (usd per share) | $ / shares	$ (0.02)	$ 0.13	$ 0.01	$ (0.54)
Diluted (usd per share) | $ / shares	$ (0.02)	$ 0.13	$ 0.01	$ (0.54)
Weighted average shares outstanding
Basic (shares) | shares	7,006,684	7,006,684	7,006,684	7,006,684
Diluted (shares) | shares	7,006,684	7,006,684	7,006,684	7,006,684
Discontinued Operations
Significant Acquisitions and Disposals [Line Items]
Net Sales	$ (198,402)	$ 1,454,974	$ 88,506	$ (2,090,798)
Income before Provision for Income Taxes	(198,402)	1,395,663	88,506	(5,931,449)
Provision for Income Tax	(73,211)	508,441	28,558	(2,180,468)
(Loss) Income from Discontinued Operations	$ (125,191)	$ 887,222	$ 59,948	$ (3,750,981)
Earnings (Loss) per Share:
Basic (usd per share) | $ / shares	$ (0.02)	$ 0.13	$ 0.01	$ (0.54)
Diluted (usd per share) | $ / shares	$ (0.02)	$ 0.13	$ 0.01	$ (0.54)
Weighted average shares outstanding
Basic (shares) | shares	7,006,684	7,006,684	7,006,684	7,006,684
Diluted (shares) | shares	7,006,684	7,006,684	7,006,684	7,006,684
Discontinued Operations | Mega-T
Significant Acquisitions and Disposals [Line Items]
Net Sales	$ 0	$ 1,069,946	$ 0	$ 250,140
Income before Provision for Income Taxes	0	1,514,597	0	(1,458,009)
Provision for Income Tax	0	551,769	0	(535,981)
(Loss) Income from Discontinued Operations	$ 0	$ 962,828	$ 0	$ (922,028)
Earnings (Loss) per Share:
Basic (usd per share) | $ / shares	$ 0	$ 0.14	$ 0	$ (0.13)
Diluted (usd per share) | $ / shares	$ 0	$ 0.14	$ 0	$ (0.13)
Weighted average shares outstanding
Basic (shares) | shares	7,006,684	7,006,684	7,006,684	7,006,684
Diluted (shares) | shares	7,006,684	7,006,684	7,006,684	7,006,684
Discontinued Operations | Gel Perfect
Significant Acquisitions and Disposals [Line Items]
Net Sales	$ (198,402)	$ 385,028	$ 88,506	$ (2,340,938)
Income before Provision for Income Taxes	(198,402)	(118,934)	88,506	(4,473,440)
Provision for Income Tax	(73,211)	(43,328)	28,558	(1,644,487)
(Loss) Income from Discontinued Operations	$ (125,191)	$ (75,606)	$ 59,948	$ (2,828,953)
Earnings (Loss) per Share:
Basic (usd per share) | $ / shares	$ (0.02)	$ (0.01)	$ 0.01	$ (0.40)
Diluted (usd per share) | $ / shares	$ (0.02)	$ (0.01)	$ 0.01	$ (0.40)
Weighted average shares outstanding
Basic (shares) | shares	7,006,684	7,006,684	7,006,684	7,006,684
Diluted (shares) | shares	7,006,684	7,006,684	7,006,684	7,006,684

Certain Relationships and Rel58

Certain Relationships and Related Transactions (Details)	Sep. 05, 2014USD ($)installment_payment$ / sharesshares	Aug. 31, 2015USD ($)	Aug. 31, 2014USD ($)	Aug. 31, 2015USD ($)	Aug. 31, 2014USD ($)
Related Party Transaction [Line Items]
Interest expense - related party		$ 438,144	$ 0	$ 1,288,439	$ 0
Founders
Related Party Transaction [Line Items]
Separation agreement, additional payments	$ 200,000
Sum of installment payments	$ 794,620
Number of equal monthly installment payments | installment_payment	15
Monthly installment payment	$ 25,000
Amount due to related parties		$ 345,828		$ 345,828
Affiliated Entity
Related Party Transaction [Line Items]
Shares of common stock issued upon exercise of warrant | shares	1,892,744
Exercise period from date of the warrant	5 years
Purchase price of warrant (usd per share) | $ / shares	$ 3.17
Management Fee Expense, Percent of Advertising Costs				7.50%
Management Fee Expense, Monthly Retainer				$ 15,000
Management fee expense				$ 190,240
Line of Credit | Affiliated Entity
Related Party Transaction [Line Items]
Maximum borrowing capacity	$ 5,000,000
Loans Payable | Affiliated Entity
Related Party Transaction [Line Items]
Maximum borrowing capacity	$ 1,000,000

Subsequent Events (Details)

Subsequent Events (Details) - Line of Credit - USD ($)	1 Months Ended
	Nov. 30, 2015	Sep. 30, 2015
Subsequent Event
Subsequent Event [Line Items]
Current borrowing capacity		$ 5,500,000
Line of credit duration		3 years
Stated interest rate		6.00%
Payments for due diligence costs		$ 25,000
LIBOR | Subsequent Event
Subsequent Event [Line Items]
Basis spread on variable rate		0.21%
Forecast
Subsequent Event [Line Items]
Anticipated initial draw on the line of credit facility	$ 3,700,000