CCA Industries (CAWW) 10-Q 15 Jul 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	May 31, 2016	Jul. 15, 2016
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	May 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
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 ($)	May 31, 2016	Nov. 30, 2015
Current assets:
Cash & cash equivalents	$ 207,757	$ 509,884
Accounts receivable, net of allowances of $645,515 and $912,688, respectively	1,858,078	2,112,055
Inventories, net of reserve for inventory obsolescence of $462,205 and $821,259, respectively	3,131,279	3,236,802
Prepaid expenses and sundry receivables	907,469	697,097
Prepaid and refundable income taxes	71,466	70,056
Deferred income taxes	1,944,310	2,254,322
Total Current Assets	8,120,359	8,880,216
Property and equipment, net of accumulated depreciation	193,535	205,034
Intangible assets, net of accumulated amortization	433,972	434,166
Deferred financing fees, net of accumulated amortization	324,427	0
Deferred income taxes	9,143,787	9,200,599
Other	430,544	430,544
Total Assets	18,646,624	19,150,559
Current Liabilities:
Accounts payable & accrued liabilities	7,248,019	7,645,553
Capital lease obligation - current portion	3,533	9,531
Line of credit	3,790,096	0
Line of credit - related party	0	2,700,000
Term loan - related party	0	1,000,000
Total Current Liabilities	11,041,648	11,355,084
Long term accrued liabilities	298,051	1,242,282
Capitalized lease obligations	1,908	16,199
Long term - other	147,853	147,853
Total Liabilities	11,489,460	12,761,418
Shareholders' Equity:
Preferred stock, $1.00 par, authorized 20,000,000 none issued	0	0
Additional paid-in capital	4,022,858	3,881,882
Retained earnings	3,064,239	2,437,192
Total Shareholders' Equity	7,157,164	6,389,141
Total Liabilities and Shareholders' Equity	18,646,624	19,150,559
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 ($)	May 31, 2016	Nov. 30, 2015
Allowance for doubtful accounts receivable	$ 645,515	$ 912,688
Reserve for inventory obsolescence	$ 462,205	$ 821,259
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 (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2016	May 31, 2015
Revenues:
Sales of health and beauty aid products - net	$ 5,675,177	$ 6,666,621	$ 10,355,449	$ 13,619,479
Other income	4,574	3,612	8,746	8,270
Total Revenues	5,679,751	6,670,233	10,364,195	13,627,749
Costs and Expenses:
Cost of sales	2,122,059	2,920,313	3,936,853	5,238,800
Selling, general and administrative expenses	2,093,823	3,032,771	4,152,494	6,135,627
Advertising, cooperative and promotional expenses	532,327	1,500,875	848,783	2,449,832
Research and development	26,726	13,205	34,927	40,630
Bad debt expense	29,557	(21,495)	27,299	(14,524)
Interest expense - related party	0	433,260	3,085	850,296
Interest expense	197,216	8,452	341,543	10,617
Total Costs and Expenses	5,001,708	7,887,381	9,344,984	14,711,278
Restructuring costs	0	1,462,317	0	1,497,340
Total Costs and Expenses	5,001,708	9,349,698	9,344,984	16,208,618
Income (loss) before provision for (benefit from) income taxes	678,043	(2,679,465)	1,019,211	(2,580,869)
Provision for (benefit from) income taxes	247,054	(902,473)	379,224	(860,511)
Income (Loss) from Continuing Operations	430,989	(1,776,992)	639,987	(1,720,358)
Discontinued Operations
(Loss) income from Discontinued Operations	(11,504)	286,908	(20,600)	286,908
(Benefit from) provision for income taxes	(4,192)	96,634	(7,665)	95,661
(Loss) Income from Discontinued Operations	(7,312)	190,274	(12,935)	191,247
Net Income (Loss)	$ 423,677	$ (1,586,718)	$ 627,052	$ (1,529,111)
Basic
Continuing Operations (usd per share)	$ 0.06	$ (0.25)	$ 0.09	$ (0.25)
Discontinued Operations (usd per share)	0	0.03	0	0.03
Income (Loss) (usd per share)	0.06	(0.22)	0.09	(0.22)
Diluted
Continuing Operations (usd per share)	0.06	(0.25)	0.09	(0.25)
Discontinued Operations (usd per share)	0	0.03	0	0.03
Income (Loss) (usd per share)	$ 0.06	$ (0.22)	$ 0.09	$ (0.22)
Weighted Average Common Shares Outstanding
Basic (shares)	7,006,684	7,006,684	7,006,684	7,006,684
Diluted (shares)	7,126,333	7,006,684	7,088,115	7,006,684

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	May 31, 2016	May 31, 2015
Cash Flows from Operating Activities:
Net Income (Loss)	$ 627,052	$ (1,529,111)
Adjustments to reconcile net income (loss) to cash used in operating activities:
Depreciation and amortization	39,113	104,984
Change in allowance for bad debts	27,299	(14,524)
Loss on write off of fixed assets	1,575	843,081
Debt discount amortization	0	97,093
Deferred financing fees amortization	63,132	665,728
Stock based compensation	140,977	58,662
Deferred income taxes	366,824	(768,877)
Change in Operating Assets & Liabilities:
Decrease (Increase) in accounts receivable	226,678	(904,420)
Decrease in inventory	105,523	1,116,441
(Increase) in prepaid expenses and other receivables	(210,372)	(664,759)
(Increase) decrease in prepaid income and refundable income tax	(1,410)	282,362
Decrease in other assets	0	75,994
(Decrease) in accounts payable and accrued liabilities	(1,341,765)	(1,143,122)
Net Cash Provided by (Used in) Operating Activities	44,626	(1,932,456)
Cash Flows from Investing Activities:
Acquisition of property, plant and equipment	(29,496)	(97,129)
Proceeds from sale of property, plant and equipment	500	0
Net Cash (Used in) Investing Activities	(28,996)	(97,129)
Cash Flows from Financing Activities:
Proceeds from line of credit - related party	0	2,100,000
Payment on line of credit - related party	(2,700,000)	0
Payments on tern loan - related party	(1,000,000)
Proceeds from line of credit, net	3,790,096	0
Payment of deferred financing fees	(387,559)	0
Payments for capital lease obligations	(20,294)	(3,953)
Net Cash (Used in) Provided by Financing Activities	(317,757)	2,096,047
Net (Decrease) Increase in Cash	(302,127)	66,462
Cash and Cash Equivalents at Beginning of Period	509,884	241,621
Cash and Cash Equivalents at End of Period	207,757	308,083
Cash paid during the period for:
Interest	97,030	60,302
Income taxes	$ 6,146	$ 0

Basis of Presentation

Basis of Presentation	6 Months Ended
	May 31, 2016
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 six month periods ending May 31, 2016

Organization and Description of

Organization and Description of Business	6 Months Ended
	May 31, 2016
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

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	May 31, 2016
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. 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 May 31, 2016 . 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: Computer equipment 3-5 Years Furniture and fixtures 3-10 Years Tools, dies and masters 3 Years Leasehold improvements Remaining life of the lease (4 years 2 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, deferred financing fees, deferred income taxes 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 six months ended May 31, 2016 and May 31 , 2015 . 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 three 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 May 31, 2016 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 liabilities 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 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 $300,000 in the quarter ended May 31, 2016 to reduce open cooperative advertising contracts for 2013 for events that have been finalized. There were no reductions in the first quarter of fiscal 2016. 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. 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 May 31, 2016 and May 31, 2015 were $140,657 and $163,688 , respectively. Shipping costs included for the six months ended May 31, 2016 and May 31, 2015 were $254,765 and $346,679 , 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 May 31, 2016 and May 31, 2015 were $532,327 and $1,500,875 , respectively. Advertising, cooperative and promotional expenses for the six months ended May 31, 2016 and May 31, 2015 were $848,783 and $2,449,832 , 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 May 31, 2016 and May 31, 2015 were $26,726 and $13,205 , respectively. Research and development costs for the six months ended May 31, 2016 and May 31, 2015 were $34,927 and $40,630 , 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 2015 and prior years, 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. 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 February 29, 2016 as supplemented in this Form 10-Q. The portion that management expects to utilize in fiscal 2016 is recorded as a short term asset, and the portion that management expects to utilize in fiscal years subsequent to fiscal 2016 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 May 31, 2016 and November 30, 2015 . 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 Per Common Share: Basic earnings 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 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 and warrants. 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 2016 and 2015, see Note 11 for details. Recent Accounting Pronouncements: In March 2016, the Financial Accounting Standards Board issued Accounting Standards Update 2016-09, Compensation - Stock Compensation. The update changes how the income tax benefits from stock compensation expense are reflected in the financial statements. The update requires that any income tax benefits or deficiencies as a result of stock option awards should be recognized on the income statement as an income tax expense or benefit. Excess tax benefits would be reported along with other income tax cash flows as an operating activity on the Consolidated Statement of Cash Flows. The update is effective for annual periods beginning after December 31, 2016, including interim periods within those annual periods. Early adoption is permitted for any interim or annual period. Management has elected to adopt the update effective for the quarter and year to date periods ended May 31, 2016, and the consolidated financial statements for those periods have been adjusted accordingly. The adoption did not have any material impact on the consolidated financial statements for the quarter or year to date periods ended May 31, 2016.

Inventories

Inventories	6 Months Ended
	May 31, 2016
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES The components of inventory consist of the following: May 31, November 30, Raw materials $ 987,567 $ 1,022,516 Finished goods 2,143,712 2,214,286 $ 3,131,279 $ 3,236,802 At May 31, 2016 and November 30, 2015, the Company had a reserve for obsolescence of $462,205 and $821,259

Property and Equipment

Property and Equipment	6 Months Ended
	May 31, 2016
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT The components of property and equipment consisted of the following: May 31, November 30, Furniture and equipment $ 482,874 $ 459,786 Tools, dies and masters 462,542 462,542 Capitalized lease obligations 15,286 15,286 Leasehold improvements 35,017 35,017 $ 995,719 $ 972,631 Less: Accumulated depreciation 802,184 767,597 Property and Equipment—Net $ 193,535 $ 205,034 Depreciation expense for the three months ended May 31, 2016 and May 31, 2015 amounted to $ 18,974 and $ 47,483 , respectively. Depreciation expense for the six months ended May 31, 2016 and May 31, 2015 amounted to $38,919 and $104,790

Intangible Assets

Intangible Assets	6 Months Ended
	May 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	INTANGIBLE ASSETS Intangible assets consist of owned trademarks and patents for ten product lines. May 31, November 30, Patents and trademarks $ 580,007 $ 580,007 Less: Accumulated amortization 146,035 145,841 Intangible Assets - Net $ 433,972 $ 434,166 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 May 31, 2016 and 2015 amounted to $ 97 and $ 97 , respectively. Amortization expense for the six months ended May 31, 2016 and May 31, 2015 amounted to $194 and $194 , respectively. Estimated amortization expenses for the years ending November 30, 2016, 2017, 2018, 2019 and 2020 are $388 , $388 , $388 , $376 and $376

Accrued Expenses

Accrued Expenses	6 Months Ended
	May 31, 2016
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: May 31, November 30, Co-operative advertising $ 1,948,790 $ 1,697,493 Restructuring Costs $ 1,164,672 $ 1,256,781 Accrued returns * $ 407,992 * represents less than 5% as of May 31, 2016 The following items which exceeded 5% of total long-term liabilities are included in long term accrued expenses as of: May 31, November 30, Sub-lease rent differential $ 298,051 $ 322,282 Media $ — $ 500,000 Restructuring Costs $ — $ 420,000

Debt Agreement

Debt Agreement	6 Months Ended
	May 31, 2016
Debt Disclosure [Abstract]
DEBT AGREEMENT	DEBT AGREEMENT On December 4, 2015 (the “Closing Date”), CCA Industries, Inc., a Delaware corporation (the “Company”), entered into the Credit and Security Agreement (the “Credit Agreement”) with SCM Specialty Finance Opportunities Funds, L.P., an affiliate of CNH Finance, L.P. The Credit Agreement provides for a line of credit up to a maximum of $5,500,000 (the “Revolving Loan”). The proceeds of the Revolving Loans was used to pay off the Company's existing debt with Capital Preservation Solutions, LLC and for general working capital purposes. Pursuant to the Credit Agreement, all outstanding amounts under the Revolving Loan bear interest at the 30 day LIBOR rate plus 6% per annum (currently in the aggregate, 6.21% per annum), payable monthly in arrears. The Company is also required to pay a monthly unused line fee and collateral management fee. The commitment under the Credit Agreement expires three years after the Closing Date. The Revolving Loan and all other amounts due and owing under the Credit Agreement and related documents are secured by a first priority perfected security interest in, and lien on, substantially all of the assets of the Company. Amounts available for borrowing under the Line of Credit equal the lesser of the Borrowing Base (as defined below), and $5,500,000 , in each case, as the same is reduced by the aggregate principal amount outstanding under the Line of Credit. “Borrowing Base” under the Loan Agreement means, generally, the amount equal to (i) 85% of the Company’s eligible accounts receivable, plus (ii) 65% of the value of eligible inventory, less (iii) certain reserves. The Credit Agreement contains customary representations, warranties and covenants on the part of the Company, including a financial covenant requiring the Company to maintain a fixed charge coverage ratio of no less than 1.0 to 1.0. The Credit Agreement imposes an early termination fee and also provides for events of default, including failure to repay principal and interest when due and failure to perform or violation of the provisions or covenants of the agreement. On the Closing Date, the Company drew $4,100,000 on the Revolving Loan. Of the amount drawn, $3,721,583 was used to pay the principal amount of $3,700,000 and accrued interest of $21,583 due under the Company's Loan Agreement with Capital Preservation Solutions, LLC entered into on September 4, 2015. Capital Preservation Solutions is controlled by Lance T. Funston, the Chairman of the Board of the Company and Chief Executive Officer. The balance of the funds drawn were used to pay certain fees and expenses related to entering into the Credit Agreement, with a balance of $46,032

Other Income

Other Income	6 Months Ended
	May 31, 2016
Other Income and Expenses [Abstract]
OTHER INCOME	OTHER INCOME Other income consists of the following: Three Months Ended May31, Six Months Ended May 31, 2016 2015 2016 2015 Interest and dividend income $ — $ 43 $ 9 $ 200 Royalty income 3,000 3,000 6,000 6,000 Miscellaneous 1,574 569 2,737 2,070 Total Other Income $ 4,574 $ 3,612 $ 8,746 $ 8,270

401(K) Plan

401(K) Plan	6 Months Ended
	May 31, 2016
Compensation and Retirement Disclosure [Abstract]
401(K) PLAN	401(K) PLAN The Company has a 401(K) Profit Sharing Plan for its employees. The plan requires six months of service in order to be eligible to participate. Employees must be 21 years or older to participate. Employees may make salary reduction contributions up to 25%

Income Taxes

Income Taxes	6 Months Ended
	May 31, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	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 May 31, 2016 and May 31, 2015 . 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. The charitable contributions portion of the deferred tax asset and the loss carry forward has $181,203 and $9,058,074 , 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 May 31, 2016 . At May 31, 2016 and November 30, 2015 , respectively, the Company had temporary differences arising from the following: May 31, 2016 Classified As Type Amount Deferred Tax Short-Term Long-Term Depreciation $ (258,756 ) $ (95,490 ) $ — $ (95,490 ) Reserve for bad debts 27,625 10,195 10,195 — Reserve for returns 617,890 228,024 228,024 — Accrued returns 205,652 75,893 75,893 — Reserve for obsolete inventory 462,205 170,571 170,571 — Vacation accrual 59,799 22,068 22,068 — Bonus obligation unpaid 24,000 8,857 8,857 — Restructuring costs 1,164,672 429,807 429,807 — Charitable contributions 731,183 269,833 88,630 181,203 Section 263A costs 64,941 23,965 23,965 — Loss carry forward 26,946,846 9,944,374 886,300 9,058,074 Net deferred tax asset $ 11,088,097 $ 1,944,310 $ 9,143,787 November 30, 2015 Classified As Type Amount Deferred Tax Short-Term Long-Term Depreciation $ (250,811 ) $ (92,558 ) $ — $ (92,558 ) Reserve for bad debts 4,911 1,812 1,812 — Reserve for returns 907,777 335,003 335,003 — Accrued Returns 407,992 150,564 150,564 — Reserve for obsolete inventory 821,259 303,075 303,075 — Vacation accrual 35,955 13,269 13,269 — Bonus obligation unpaid 24,000 8,857 8,857 — Restructuring costs 1,264,218 466,544 466,544 — Charitable contributions 734,643 271,109 86,402 184,707 Section 263A costs 67,129 24,773 24,773 — Loss carry forward 27,022,986 9,972,473 864,023 9,108,450 Net deferred tax asset $ 11,454,921 $ 2,254,322 $ 9,200,599 Income tax expense (benefit) is made up of the following components: Three Months Ended Six Months Ended May 31,2016 May 31, 2015 May 31, 2016 May 31, 2015 Continuing Operations Current tax - Federal $ — $ — $ — $ — Current tax - State & Local 2,369 2,027 4,735 4,027 Deferred tax 244,685 (904,500 ) 374,489 (864,538 ) Tax - Continuing Operations $ 247,054 $ (902,473 ) $ 379,224 $ (860,511 ) Discontinued Operations Current tax - Federal — — — — Current tax - State & Local — — — — Deferred tax (4,192 ) 96,634 (7,665 ) 95,661 Tax - Discontinued Operations $ (4,192 ) $ 96,634 $ (7,665 ) $ 95,661 Prepaid and refundable income taxes are made up of the following components: Prepaid and refundable income taxes Federal State & Total May 31, 2016 $ — $ 71,466 $ 71,466 November 30, 2015 $ — $ 70,056 $ 70,056 A reconciliation of the provision for income taxes computed at the statutory rate to the effective rate for the three months and six months ended May 31, 2016 , and May 31, 2015 is as follows: Three Months Ended Three Months Ended May 31, 2016 May 31, 2015 Amount Percent of Pretax Income Amount Percent of Pretax Income Continuing Operations Provision for (benefit from) income taxes at federal statutory rate $ 230,535 34.00 % $ (911,018 ) 34.00 % Changes in provision for income taxes resulting from: State income taxes, net of federal income tax benefit 19,663 2.90 % (77,704 ) 2.90 % Non-deductible expenses and other adjustments (3,144 ) (0.46 )% 86,249 (3.22 )% Provision for (benefit from) income taxes at effective rate 247,054 36.44 % (902,473 ) 33.68 % Discontinued Operations (Benefit from) provision for income taxes at federal statutory rate $ (3,911 ) 34.00 % $ 97,549 34.00 % Changes in benefit from income taxes resulting from: State income taxes, net of federal income tax benefit (334 ) 2.90 % 8,320 2.90 % Non-deductible expenses and other adjustments 53 (0.46 )% (9,235 ) (3.22 )% (Benefit from) provision for income taxes at effective rate for Discontinued Operations $ (4,192 ) 36.44 % $ 96,634 33.68 % Total Provision for (benefit from) income taxes at effective rate $ 242,862 36.44 % $ (805,839 ) 33.68 % Six Months Ended Six Months Ended May 31, 2016 May 31, 2015 Amount Percent of Pretax Income Amount Percent of Pretax Income Continuing Operations Provision for (benefit from) income taxes at federal statutory rate $ 346,532 34.00 % $ (877,495 ) 34.00 % Increases in taxes resulting from: State income taxes, net of federal income tax benefit 29,557 2.90 % (74,845 ) 2.90 % Non-deductible expenses and other adjustments 3,135 0.31 % 91,829 (3.56 )% Provision for (benefit from) income taxes at effective rate 379,224 37.21 % (860,511 ) 33.34 % Discontinued Operations (Benefit from) provision for income taxes at federal statutory rate $ (7,004 ) 34.00 % $ 97,549 34.00 % Changes in (benefit from) provision for income taxes resulting from: State income taxes, net of federal income tax benefit — — % 8,320 2.90 % Non-deductible expenses and other adjustments (661 ) 3.21 % (10,208 ) (3.56 )% (Benefit from) provision for income taxes at effective rate (7,665 ) 37.21 % 95,661 33.34 % Total Provision for (benefit from) income taxes at effective rate $ 371,559 37.21 % $ (764,850 ) 33.34 %

Stock-based Compensation

Stock-based Compensation	6 Months Ended
	May 31, 2016
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 December 1, 2015 Assumptions: Risk-free interest rate 1.19 % Dividend yield — Stock volatility 39.39 % Option Term (years) 3.0 On December 1, 2015, the Company granted non-qualifed stock options under the Plan for 75,000 shares each to four directors: Sardar Biglari, Philip Cooley, Christopher Hogg and S. David Fineman. All options were granted at $3.16 per share. The closing price of the Company's stock on the date of grant was $3.16 per share. The options vest one year from the date of grant. The options expire on November 30, 2020. The Company has estimated the fair value of the options granted to be $263,550 as of the grant date, which amount shall be amortized as an expense over a one year period beginning December 1, 2015. The Company recorded a charge against earnings in the amount of $70,488 for the three months ended May 31, 2016 and $23,897 for the three months ended May 31 2015 for all outstanding stock options granted. The Company recorded a charge against earnings in the amount of $140,977 and 58,662 , respectively, for the six months ended May 31, 2016 and 2015 for all 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, 2014 137,000 $ 3.40 5.4 — Granted 185,000 $ 3.46 — Exercised — — — — Canceled or Forfeited 218,000 $ 3.45 — — Outstanding at November 30, 2015 104,000 $ 3.42 7.6 — Granted 300,000 $ 3.16 — — Exercised — — — — Canceled or Forfeited — — — — Outstanding at February 29, 2016 404,000 $ 3.23 9.2 — Granted — Exercised — Canceled or Forfeited — Outstanding at May 31, 2016 404,000 $ 3.23 9.0

Income (Loss) Per Share

Income (Loss) Per Share	6 Months Ended
	May 31, 2016
Earnings Per Share [Abstract]
INCOME (LOSS) PER SHARE	INCOME (LOSS) PER SHARE Basic earnings (loss) per share is calculated using the average number of common shares outstanding. Diluted earnings (loss) 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 Six Months Ended May 31,2016 May 31, 2015 May 31,2016 May 31 2015 Net income (loss) available for common shareholders $ 423,677 $ (1,586,718 ) $ 627,052 $ (1,529,111 ) Weighted average common shares outstanding-Basic 7,006,684 7,006,684 7,006,684 7,006,684 Net effect of dilutive stock options 119,649 — 81,431 — Weighted average common shares and common shares equivalents—Diluted 7,126,333 7,006,684 7,088,115 7,006,684 Earnings (loss) per Share: Basic Continuing Operations $ 0.06 $ (0.25 ) $ 0.09 $ (0.25 ) Discontinued Operations $ — $ 0.03 $ — $ 0.03 Income $ 0.06 $ (0.22 ) $ 0.09 $ (0.22 ) Diluted Continuing Operations $ 0.06 $ (0.25 ) $ 0.09 $ (0.25 ) Discontinued Operations $ — $ 0.03 $ — $ 0.03 Income $ 0.06 $ (0.22 ) $ 0.09 $ (0.22 ) For the three and six month periods ending May 31, 2016 and 2015 there were 404,000 and 312,000

Restructuring

Restructuring	6 Months Ended
	May 31, 2016
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 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 reduced its work force. The Company's workforce as of May 31, 2016 has been reduced to 13 employees. As of May 31, 2016 , there were unpaid severance costs of $1,164,672 which is recorded as an accrued expense on the Company's consolidated balance sheet. As of November 30, 2015, accrued restructuring costs were $1,676,781 . The Company made payments of $167,836 and $512,109 , respectively for the three and six month periods ending May 31, 2016 related to the termination of employees during the quarter and year to date. The unpaid balance will be paid out during the balance of fiscal 2016 and the first quarter of fiscal 2017. 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 pays 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 sublet 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. The Company was leasing the East Rutherford facility for $41,931 per month, with annual increases equal to the change in the consumer price index. The lease expires in May 2022. The Company recorded an expense of $407,094 in the second quarter of fiscal 2015 as a restructuring charge as an estimate for the difference between the rent that the Company pays its landlord and the rent received from the sub-tenant over the term of the sub-lease. In addition, the Company recorded a restructuring expense of $155,245 for a commission to be paid to the real estate agent who negotiated the sub-lease. The Company also wrote off $714,138 of leasehold improvements for the East Rutherford facility in the second quarter of fiscal 2015, and $128,943 of furniture and fixtures no longer needed, both of which were recorded as restructuring expense, along with $56,897 related to the termination of employees during the quarter for a total of $1,462,317 for the three months ending May 31, 2015. For the six months ended May 31, 2015, total restructuring changes for the Company was $1,497,340 . The difference was the $35,023

Discontinued Operations

Discontinued Operations	6 Months Ended
	May 31, 2016
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. The brand has 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 the discontinued brand, which contains additional returns for the three and six month periods ending May 31, 2016 and 2015: Three Months Ended Six Months Ended May 31, 2016 May 31, 2015 May 31, 2016 May 31, 2015 Revenues: Sales of health and beauty-aid products-net $ (11,504 ) $ 286,908 $ (20,600 ) $ 286,908 Total revenues (11,504 ) 286,908 (20,600 ) 286,908 Costs and Expenses: Cost of sales — — — — Selling, general and administrative expenses — — — — Advertising, cooperative and promotions — — — — Total expenses — — — — ( Loss) income before provision for income taxes (11,504 ) 286,908 (20,600 ) 286,908 (Benefit from) provision for income taxes (4,192 ) 96,634 (7,665 ) 95,661 (Loss) income from Discontinued Operations $ (7,312 ) $ 190,274 $ (12,935 ) $ 191,247

Certain Relationships and Relat

Certain Relationships and Related Transactions	6 Months Ended
	May 31, 2016
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 May 31, 2016 , the Company owed $120,828 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 principal balances were repaid on December 4, 2015 (see Note 8 - Debt Agreement for further information) . Interest and amortized financing costs in the amount of $0 and 3,085 , respectively is recorded on the consolidated statement of operations for the quarter and six months ended May 31, 2016 as interest expense to a related party. The Company entered into an agreement with Funston Media Management ("FMM"), effective December 1, 2015. FMM is owned by Lance Funston, the Company's Chairman of the Board and Chief Executive Officer. The independent members of the Board of Directors approved the agreement. The agreement provides for FMM to plan and act as an agent to provide any television, radio, internet and social media advertising for the Company's brands. Under the terms of the agreement, FMM receives a commission of 10% on all gross media spending for media that was planned or purchased by FMM on behalf of the Company, plus any out-of-pocket expenses. Commissions under the agreement in the amount of $38,667 and $62,484 , respectively, is recorded on the consolidated statement of operations for the quarter and six months ended May 31, 2016

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	May 31, 2016
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.
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 May 31, 2016 . 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.
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: Computer equipment 3-5 Years Furniture and fixtures 3-10 Years Tools, dies and masters 3 Years Leasehold improvements Remaining life of the lease (4 years 2 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
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, deferred financing fees, deferred income taxes 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 three 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 May 31, 2016 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 liabilities 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 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 $300,000
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.
Shipping Costs	Shipping Costs:
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 :
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 2015 and prior years, 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. 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 February 29, 2016 as supplemented in this Form 10-Q. The portion that management expects to utilize in fiscal 2016 is recorded as a short term asset, and the portion that management expects to utilize in fiscal years subsequent to fiscal 2016 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 May 31, 2016 and November 30, 2015 . 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:
Earnings Per Common Share	Earnings Per Common Share:Basic earnings 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 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 and warrants.
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 March 2016, the Financial Accounting Standards Board issued Accounting Standards Update 2016-09, Compensation - Stock Compensation. The update changes how the income tax benefits from stock compensation expense are reflected in the financial statements. The update requires that any income tax benefits or deficiencies as a result of stock option awards should be recognized on the income statement as an income tax expense or benefit. Excess tax benefits would be reported along with other income tax cash flows as an operating activity on the Consolidated Statement of Cash Flows. The update is effective for annual periods beginning after December 31, 2016, including interim periods within those annual periods. Early adoption is permitted for any interim or annual period. Management has elected to adopt the update effective for the quarter and year to date periods ended May 31, 2016, and the consolidated financial statements for those periods have been adjusted accordingly. The adoption did not have any material impact on the consolidated financial statements for the quarter or year to date periods ended May 31, 2016.

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	May 31, 2016
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: Computer equipment 3-5 Years Furniture and fixtures 3-10 Years Tools, dies and masters 3 Years Leasehold improvements Remaining life of the lease (4 years 2 months)

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	May 31, 2016
Inventory Disclosure [Abstract]
Schedule of components of inventory	The components of inventory consist of the following: May 31, November 30, Raw materials $ 987,567 $ 1,022,516 Finished goods 2,143,712 2,214,286 $ 3,131,279 $ 3,236,802

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	May 31, 2016
Property, Plant and Equipment [Abstract]
Schedule of components of property and equipment	The components of property and equipment consisted of the following: May 31, November 30, Furniture and equipment $ 482,874 $ 459,786 Tools, dies and masters 462,542 462,542 Capitalized lease obligations 15,286 15,286 Leasehold improvements 35,017 35,017 $ 995,719 $ 972,631 Less: Accumulated depreciation 802,184 767,597 Property and Equipment—Net $ 193,535 $ 205,034

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	May 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	Intangible assets consist of owned trademarks and patents for ten product lines. May 31, November 30, Patents and trademarks $ 580,007 $ 580,007 Less: Accumulated amortization 146,035 145,841 Intangible Assets - Net $ 433,972 $ 434,166

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
	May 31, 2016
Payables and Accruals [Abstract]
Schedule of accrued liabilities	The following items which exceeded 5% of total current liabilities are included in accrued expenses as of: May 31, November 30, Co-operative advertising $ 1,948,790 $ 1,697,493 Restructuring Costs $ 1,164,672 $ 1,256,781 Accrued returns * $ 407,992 * represents less than 5% as of May 31, 2016 The following items which exceeded 5% of total long-term liabilities are included in long term accrued expenses as of: May 31, November 30, Sub-lease rent differential $ 298,051 $ 322,282 Media $ — $ 500,000 Restructuring Costs $ — $ 420,000

Other Income (Tables)

Other Income (Tables)	6 Months Ended
	May 31, 2016
Other Income and Expenses [Abstract]
Summary of other income	Other income consists of the following: Three Months Ended May31, Six Months Ended May 31, 2016 2015 2016 2015 Interest and dividend income $ — $ 43 $ 9 $ 200 Royalty income 3,000 3,000 6,000 6,000 Miscellaneous 1,574 569 2,737 2,070 Total Other Income $ 4,574 $ 3,612 $ 8,746 $ 8,270

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	May 31, 2016
Income Tax Disclosure [Abstract]
Summary of temporary differences	At May 31, 2016 and November 30, 2015 , respectively, the Company had temporary differences arising from the following: May 31, 2016 Classified As Type Amount Deferred Tax Short-Term Long-Term Depreciation $ (258,756 ) $ (95,490 ) $ — $ (95,490 ) Reserve for bad debts 27,625 10,195 10,195 — Reserve for returns 617,890 228,024 228,024 — Accrued returns 205,652 75,893 75,893 — Reserve for obsolete inventory 462,205 170,571 170,571 — Vacation accrual 59,799 22,068 22,068 — Bonus obligation unpaid 24,000 8,857 8,857 — Restructuring costs 1,164,672 429,807 429,807 — Charitable contributions 731,183 269,833 88,630 181,203 Section 263A costs 64,941 23,965 23,965 — Loss carry forward 26,946,846 9,944,374 886,300 9,058,074 Net deferred tax asset $ 11,088,097 $ 1,944,310 $ 9,143,787 November 30, 2015 Classified As Type Amount Deferred Tax Short-Term Long-Term Depreciation $ (250,811 ) $ (92,558 ) $ — $ (92,558 ) Reserve for bad debts 4,911 1,812 1,812 — Reserve for returns 907,777 335,003 335,003 — Accrued Returns 407,992 150,564 150,564 — Reserve for obsolete inventory 821,259 303,075 303,075 — Vacation accrual 35,955 13,269 13,269 — Bonus obligation unpaid 24,000 8,857 8,857 — Restructuring costs 1,264,218 466,544 466,544 — Charitable contributions 734,643 271,109 86,402 184,707 Section 263A costs 67,129 24,773 24,773 — Loss carry forward 27,022,986 9,972,473 864,023 9,108,450 Net deferred tax asset $ 11,454,921 $ 2,254,322 $ 9,200,599
Schedule of income tax expense	Income tax expense (benefit) is made up of the following components: Three Months Ended Six Months Ended May 31,2016 May 31, 2015 May 31, 2016 May 31, 2015 Continuing Operations Current tax - Federal $ — $ — $ — $ — Current tax - State & Local 2,369 2,027 4,735 4,027 Deferred tax 244,685 (904,500 ) 374,489 (864,538 ) Tax - Continuing Operations $ 247,054 $ (902,473 ) $ 379,224 $ (860,511 ) Discontinued Operations Current tax - Federal — — — — Current tax - State & Local — — — — Deferred tax (4,192 ) 96,634 (7,665 ) 95,661 Tax - Discontinued Operations $ (4,192 ) $ 96,634 $ (7,665 ) $ 95,661
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 May 31, 2016 $ — $ 71,466 $ 71,466 November 30, 2015 $ — $ 70,056 $ 70,056
Provision for income taxes computed at the statutory rate	A reconciliation of the provision for income taxes computed at the statutory rate to the effective rate for the three months and six months ended May 31, 2016 , and May 31, 2015 is as follows: Three Months Ended Three Months Ended May 31, 2016 May 31, 2015 Amount Percent of Pretax Income Amount Percent of Pretax Income Continuing Operations Provision for (benefit from) income taxes at federal statutory rate $ 230,535 34.00 % $ (911,018 ) 34.00 % Changes in provision for income taxes resulting from: State income taxes, net of federal income tax benefit 19,663 2.90 % (77,704 ) 2.90 % Non-deductible expenses and other adjustments (3,144 ) (0.46 )% 86,249 (3.22 )% Provision for (benefit from) income taxes at effective rate 247,054 36.44 % (902,473 ) 33.68 % Discontinued Operations (Benefit from) provision for income taxes at federal statutory rate $ (3,911 ) 34.00 % $ 97,549 34.00 % Changes in benefit from income taxes resulting from: State income taxes, net of federal income tax benefit (334 ) 2.90 % 8,320 2.90 % Non-deductible expenses and other adjustments 53 (0.46 )% (9,235 ) (3.22 )% (Benefit from) provision for income taxes at effective rate for Discontinued Operations $ (4,192 ) 36.44 % $ 96,634 33.68 % Total Provision for (benefit from) income taxes at effective rate $ 242,862 36.44 % $ (805,839 ) 33.68 % Six Months Ended Six Months Ended May 31, 2016 May 31, 2015 Amount Percent of Pretax Income Amount Percent of Pretax Income Continuing Operations Provision for (benefit from) income taxes at federal statutory rate $ 346,532 34.00 % $ (877,495 ) 34.00 % Increases in taxes resulting from: State income taxes, net of federal income tax benefit 29,557 2.90 % (74,845 ) 2.90 % Non-deductible expenses and other adjustments 3,135 0.31 % 91,829 (3.56 )% Provision for (benefit from) income taxes at effective rate 379,224 37.21 % (860,511 ) 33.34 % Discontinued Operations (Benefit from) provision for income taxes at federal statutory rate $ (7,004 ) 34.00 % $ 97,549 34.00 % Changes in (benefit from) provision for income taxes resulting from: State income taxes, net of federal income tax benefit — — % 8,320 2.90 % Non-deductible expenses and other adjustments (661 ) 3.21 % (10,208 ) (3.56 )% (Benefit from) provision for income taxes at effective rate (7,665 ) 37.21 % 95,661 33.34 % Total Provision for (benefit from) income taxes at effective rate $ 371,559 37.21 % $ (764,850 ) 33.34 %

Stock-based Compensation (Table

Stock-based Compensation (Tables)	6 Months Ended
	May 31, 2016
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 December 1, 2015 Assumptions: Risk-free interest rate 1.19 % Dividend yield — Stock volatility 39.39 % Option Term (years) 3.0
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, 2014 137,000 $ 3.40 5.4 — Granted 185,000 $ 3.46 — Exercised — — — — Canceled or Forfeited 218,000 $ 3.45 — — Outstanding at November 30, 2015 104,000 $ 3.42 7.6 — Granted 300,000 $ 3.16 — — Exercised — — — — Canceled or Forfeited — — — — Outstanding at February 29, 2016 404,000 $ 3.23 9.2 — Granted — Exercised — Canceled or Forfeited — Outstanding at May 31, 2016 404,000 $ 3.23 9.0

Income (Loss) Per Share (Tables

Income (Loss) Per Share (Tables)	6 Months Ended
	May 31, 2016
Earnings Per Share [Abstract]
Schedule of Earnings (Loss) Per Share	Diluted earnings (loss) 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 Six Months Ended May 31,2016 May 31, 2015 May 31,2016 May 31 2015 Net income (loss) available for common shareholders $ 423,677 $ (1,586,718 ) $ 627,052 $ (1,529,111 ) Weighted average common shares outstanding-Basic 7,006,684 7,006,684 7,006,684 7,006,684 Net effect of dilutive stock options 119,649 — 81,431 — Weighted average common shares and common shares equivalents—Diluted 7,126,333 7,006,684 7,088,115 7,006,684 Earnings (loss) per Share: Basic Continuing Operations $ 0.06 $ (0.25 ) $ 0.09 $ (0.25 ) Discontinued Operations $ — $ 0.03 $ — $ 0.03 Income $ 0.06 $ (0.22 ) $ 0.09 $ (0.22 ) Diluted Continuing Operations $ 0.06 $ (0.25 ) $ 0.09 $ (0.25 ) Discontinued Operations $ — $ 0.03 $ — $ 0.03 Income $ 0.06 $ (0.22 ) $ 0.09 $ (0.22 )

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	May 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Discontinued Operations	The following table summarizes those components of the statement of operations for the discontinued brand, which contains additional returns for the three and six month periods ending May 31, 2016 and 2015: Three Months Ended Six Months Ended May 31, 2016 May 31, 2015 May 31, 2016 May 31, 2015 Revenues: Sales of health and beauty-aid products-net $ (11,504 ) $ 286,908 $ (20,600 ) $ 286,908 Total revenues (11,504 ) 286,908 (20,600 ) 286,908 Costs and Expenses: Cost of sales — — — — Selling, general and administrative expenses — — — — Advertising, cooperative and promotions — — — — Total expenses — — — — ( Loss) income before provision for income taxes (11,504 ) 286,908 (20,600 ) 286,908 (Benefit from) provision for income taxes (4,192 ) 96,634 (7,665 ) 95,661 (Loss) income from Discontinued Operations $ (7,312 ) $ 190,274 $ (12,935 ) $ 191,247

Organization and Description 33

Organization and Description of Business (Details)	May 31, 2016subsidiary
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of wholly-owned subsidiaries	2

Summary of Significant Accoun34

Summary of Significant Accounting Policies - Useful Lives (Details)	6 Months Ended
	May 31, 2016
Computer Equipment | Minimum
Summary of estimated useful lives or lease terms of the assets
Estimated useful lives of the assets	3 years
Computer Equipment | Maximum
Summary of estimated useful lives or lease terms of the assets
Estimated useful lives of the assets	5 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
Leasehold improvements
Summary of estimated useful lives or lease terms of the assets
Estimated useful lives of the assets	4 years 2 months

Summary of Significant Accoun35

Summary of Significant Accounting Policies - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2016	May 31, 2015
Finite-Lived Intangible Assets [Line Items]
Sales returns, basis of estimated returns			3 months
Term accounts remain open unless management believes a deduction may still be taken			3 years
Decrease in cooperative advertising for events that did not take place	$ 300,000
Summary of Significant Accounting Policies (Textual) [Abstract]
Shipping costs	140,657	$ 163,688	$ 254,765	$ 346,679
Advertising, cooperative and promotional expenses	532,327	1,500,875	848,783	2,449,832
Research and development	$ 26,726	$ 13,205	$ 34,927	$ 40,630
Patents
Finite-Lived Intangible Assets [Line Items]
Intangible asset useful life			17 years

Inventories - Components of Inv

Inventories - Components of Inventory (Details) - USD ($)	May 31, 2016	Nov. 30, 2015
Schedule of components of inventory
Raw materials	$ 987,567	$ 1,022,516
Finished goods	2,143,712	2,214,286
Inventory	$ 3,131,279	$ 3,236,802

Inventories - Narrative (Detail

Inventories - Narrative (Details) - USD ($)	May 31, 2016	Nov. 30, 2015
Inventory Disclosure [Abstract]
Reserve for inventory obsolescence	$ 462,205	$ 821,259

Property and Equipment - Net (D

Property and Equipment - Net (Details) - USD ($)	May 31, 2016	Nov. 30, 2015
Schedule of components of property and equipment
Property and Equipment - Gross	$ 995,719	$ 972,631
Less: Accumulated depreciation	802,184	767,597
Property and Equipment—Net	193,535	205,034
Furniture and equipment
Schedule of components of property and equipment
Property and Equipment - Gross	482,874	459,786
Tools, dies and masters
Schedule of components of property and equipment
Property and Equipment - Gross	462,542	462,542
Capitalized lease obligations
Schedule of components of property and equipment
Property and Equipment - Gross	15,286	15,286
Leasehold improvements
Schedule of components of property and equipment
Property and Equipment - Gross	$ 35,017	$ 35,017

Property and Equipment - Narrat

Property and Equipment - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2016	May 31, 2015
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 18,974	$ 47,483	$ 38,919	$ 104,790

Intangible Assets - Net (Detail

Intangible Assets - Net (Details) - USD ($)	May 31, 2016	Nov. 30, 2015
Schedule of Intangible Assets
Patents and trademarks	$ 580,007	$ 580,007
Less: Accumulated amortization	146,035	145,841
Intangible Assets - Net	$ 433,972	$ 434,166

Intangible Assets - Narrative (

Intangible Assets - Narrative (Details)	3 Months Ended		6 Months Ended
	May 31, 2016USD ($)	May 31, 2015USD ($)	May 31, 2016USD ($)product_line	May 31, 2015USD ($)
Finite-Lived Intangible Assets [Line Items]
Number of product lines | product_line			10
Amortization Expense	$ 97	$ 97	$ 194	$ 194
2,016	388		388
2,017	388		388
2,018	388		388
2,019	376		376
2,020	$ 376		$ 376
Patents
Finite-Lived Intangible Assets [Line Items]
Intangible asset useful life			17 years

Accrued Expenses - Narrative (D

Accrued Expenses - Narrative (Details)	May 31, 2016
Payables and Accruals [Abstract]
Maximum percentage of total current liabilities included in accrued expenses	5.00%
Maximum percentage of long-term liabilities included in accrued expenses	5.00%

Accrued Expenses - Components o

Accrued Expenses - Components of Accrued Expenses (Details) - USD ($)	May 31, 2016	Nov. 30, 2015
Current Accrued Expenses
Co-operative advertising	$ 1,948,790	$ 1,697,493
Restructuring Costs	1,164,672	1,256,781
Accrued returns		407,992
Long-term Accrued Expenses
Sub-lease rent differential	298,051	322,282
Media	0	500,000
Restructuring Costs	$ 0	$ 420,000

Debt Agreement (Details)

Debt Agreement (Details) - USD ($)	Dec. 04, 2015	May 31, 2016	May 31, 2015	May 31, 2016	May 31, 2015
Debt Instrument [Line Items]
Interest expense		$ 197,216	$ 8,452	$ 341,543	$ 10,617
Revolving Loan
Debt Instrument [Line Items]
Borrowing capacity	$ 5,500,000
Current interest rate	6.21%
Term	3 years
Restrictive covenants, percent of accounts receivable	85.00%
Restrictive covenants, borrowing base, percent of inventory	65.00%
Covenant compliance, minimum coverage ratio	100.00%
Fair value of amount outstanding	$ 4,100,000
Proceeds from lines of credit	$ 46,032
LIBOR | Revolving Loan
Debt Instrument [Line Items]
Basis spread on variable rate	6.00%
Affiliated Entity | Line of Credit
Debt Instrument [Line Items]
Extinguishment of debt	$ 3,721,583
Face amount	3,700,000
Interest expense	$ 21,583

Other Income (Details)

Other Income (Details) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2016	May 31, 2015
Summary of other Income
Interest and dividend income	$ 0	$ 43	$ 9	$ 200
Royalty income	3,000	3,000	6,000	6,000
Miscellaneous	1,574	569	2,737	2,070
Total Other Income	$ 4,574	$ 3,612	$ 8,746	$ 8,270

401(K) Plan (Details)

401(K) Plan (Details)	6 Months Ended
	May 31, 2016
Compensation and Retirement Disclosure [Abstract]
Profit sharing criteria period of employees service	6 months
Profit sharing criteria minimum age requirement	21 years
Employees salary reduction contributions	25.00%

Income Taxes - Temporary Differ

Income Taxes - Temporary Differences (Details) - USD ($)	May 31, 2016	Nov. 30, 2015
Amount
Depreciation	$ (258,756)	$ (250,811)
Reserve for bad debts	27,625	4,911
Reserve for returns	617,890	907,777
Accrued returns	205,652	407,992
Reserve for obsolete inventory	462,205	821,259
Vacation accrual	59,799	35,955
Bonus obligation unpaid	24,000	24,000
Restructuring costs	1,164,672	1,264,218
Charitable contributions	731,183	734,643
Section 263A costs	64,941	67,129
Loss carry forward	26,946,846	27,022,986
Deferred Tax
Depreciation	(95,490)	(92,558)
Reserve for bad debts	10,195	1,812
Reserve for returns	228,024	335,003
Accrued returns	75,893	150,564
Reserve for obsolete inventory	170,571	303,075
Vacation accrual	22,068	13,269
Bonus obligation unpaid	8,857	8,857
Restructuring costs	429,807	466,544
Restructuring costs	269,833	271,109
Section 263A costs	23,965	24,773
Loss carry forward	9,944,374	9,972,473
Net deferred tax asset	11,088,097	11,454,921
Short-Term Asset
Depreciation	0	0
Reserve for bad debts	10,195	1,812
Reserve for returns	228,024	335,003
Accrued returns	75,893	150,564
Reserve for obsolete inventory	170,571	303,075
Vacation accrual	22,068	13,269
Bonus obligation unpaid	8,857	8,857
Restructuring costs	429,807	466,544
Charitable contributions	88,630	86,402
Section 263A costs	23,965	24,773
Loss carry forward	886,300	864,023
Net deferred tax asset	1,944,310	2,254,322
Long-Term Asset (Liability)
Depreciation	(95,490)	(92,558)
Reserve for bad debts	0	0
Reserve for returns	0	0
Accrued returns	0	0
Reserve for obsolete inventory	0	0
Vacation accrual	0	0
Bonus obligation unpaid	0	0
Restructuring costs	0	0
Charitable contributions	181,203	184,707
Section 263A costs	0	0
Loss carry forward	9,058,074	9,108,450
Net deferred tax asset	$ 9,143,787	$ 9,200,599

Income Taxes - Expenses (Detail

Income Taxes - Expenses (Details) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2016	May 31, 2015
Continuing Operations
Current tax - Federal	$ 0	$ 0	$ 0	$ 0
Current tax - State & Local	2,369	2,027	4,735	4,027
Deferred tax	244,685	(904,500)	374,489	(864,538)
Provision for (benefit from) income taxes at effective rate	247,054	(902,473)	379,224	(860,511)
Discontinued Operations
Current tax - Federal	0	0	0	0
Current tax - State & Local	0	0	0	0
Deferred tax	(4,192)	96,634	(7,665)	95,661
Tax - Discontinued Operations	$ (4,192)	$ 96,634	$ (7,665)	$ 95,661

Income Taxes - Prepaid (Details

Income Taxes - Prepaid (Details) - USD ($)	May 31, 2016	Nov. 30, 2015
Operating Loss Carryforwards [Line Items]
Prepaid and refundable income taxes	$ 71,466	$ 70,056
Federal
Operating Loss Carryforwards [Line Items]
Prepaid and refundable income taxes	0	0
State & Local
Operating Loss Carryforwards [Line Items]
Prepaid and refundable income taxes	$ 71,466	$ 70,056

Income Taxes - Rate Reconciliat

Income Taxes - Rate Reconciliation (Details) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2016	May 31, 2015
Schedule of reconciliation of the provision for income taxes computed at the statutory rate
Provision for (benefit from) income taxes at effective rate	$ 247,054	$ (902,473)	$ 379,224	$ (860,511)
Total Provision for (benefit from) income taxes at effective rate			366,824	(768,877)
Continuing and Discontinued Operations
Schedule of reconciliation of the provision for income taxes computed at the statutory rate
Total Provision for (benefit from) income taxes at effective rate	$ 242,862	$ (805,839)	$ 371,559	$ (764,850)
Total Provision for (benefit from) income taxes at effective rate (percent)	36.44%	33.68%	37.21%	33.34%
Continuing Operations
Schedule of reconciliation of the provision for income taxes computed at the statutory rate
Provision for (benefit from) income taxes at federal statutory rate	$ 230,535	$ (911,018)	$ 346,532	$ (877,495)
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	$ 19,663	$ (77,704)	$ 29,557	$ (74,845)
State income taxes, net of federal income tax benefit (percent)	2.90%	2.90%	2.90%	2.90%
Non-deductible expenses and other adjustments	$ (3,144)	$ 86,249	$ 3,135	$ 91,829
Non-deductible expenses and other adjustments (percent)	(0.46%)	(3.22%)	0.31%	(3.56%)
Provision for (benefit from) income taxes at effective rate	$ 247,054	$ (902,473)	$ 379,224	$ (860,511)
Provision for (benefit from) income taxes at effective rate (percent)	36.44%	33.68%	37.21%	33.34%
Discontinued Operations
Schedule of reconciliation of the provision for income taxes computed at the statutory rate
Provision for (benefit from) income taxes at federal statutory rate	$ (3,911)	$ 97,549	$ (7,004)	$ 97,549
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	$ (334)	$ 8,320	$ 0	$ 8,320
State income taxes, net of federal income tax benefit (percent)	2.90%	2.90%	0.00%	2.90%
Non-deductible expenses and other adjustments	$ 53	$ (9,235)	$ (661)	$ (10,208)
Non-deductible expenses and other adjustments (percent)	(0.46%)	(3.22%)	3.21%	(3.56%)
Tax - Discontinued Operations	$ (4,192)	$ 96,634	$ (7,665)	$ 95,661
(Benefit from) provision for income taxes at effective rate for Discontinued Operations (percent)	36.44%	33.68%	37.21%	33.34%

Stock-based Compensation - Narr

Stock-based Compensation - Narrative and Assumptions (Details)	Dec. 01, 2015USD ($)employee$ / sharesshares	May 31, 2016USD ($)shares	Feb. 29, 2016$ / sharesshares	May 31, 2015USD ($)	May 31, 2016USD ($)	May 31, 2015USD ($)	Nov. 30, 2015$ / sharesshares	Aug. 13, 2015shares	Jun. 15, 2005shares
Assumptions:
Risk-free interest rate	1.19%
Dividend yield | $	$ 0
Stock volatility	39.39%
Option Term (years)	3 years
Granted (shares)		0	300,000				185,000
Weighted average exercise price (usd per share) | $ / shares			$ 3.16				$ 3.46
Share-based compensation | $		$ 70,488		$ 23,897	$ 140,977	$ 58,662
Management
Assumptions:
Granted (shares)	75,000
Number of employees granted shares | employee	4
Weighted average exercise price (usd per share) | $ / shares	$ 3.16
Award vesting period	1 year
Options, grant date fair value | $	$ 263,550
Restated 2003 Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized to be repurchased (shares)									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 (shares)								700,000

Stock-based Compensation - Opti

Stock-based Compensation - Option Activity (Details) - USD ($)	3 Months Ended		12 Months Ended
	May 31, 2016	Feb. 29, 2016	Nov. 30, 2015	Nov. 30, 2014
Options, Outstanding [Roll Forward]
Beginning Balance, Outstanding (shares)	404,000	104,000	137,000
Granted (shares)	0	300,000	185,000
Exercised (shares)	0	0	0
Cancelled or Forfeited (shares)	0	0	218,000
Ending Balance, Outstanding (shares)	404,000	404,000	104,000	137,000
Weighted-Average Exercise Price
Beginning Balance, Outstanding (usd per share)	$ 3.23	$ 3.42	$ 3.40
Granted (usd per share)		3.16	3.46
Exercised (usd per share)		0	0
Cancelled or Forfeited (usd per share)		0	3.45
Ending Balance, Outstanding (usd per share)	$ 3.23	$ 3.23	$ 3.42	$ 3.40
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted Average Remaining Term, Ending Balance Outstanding	9 years	9 years 2 months 12 days	7 years 7 months 6 days	5 years 4 months 24 days
Aggregate Intrinsic Value, Beginning Balance, Outstanding	$ 0	$ 0	$ 0
Aggregate Intrinsic Value, Granted		0
Aggregate Intrinsic Value, Exercised		0	0
Aggregate Intrinsic Value, Canceled or Forfeited		0	0
Aggregate Intrinsic Value, Ending Balance, Outstanding		$ 0	$ 0	$ 0

Income (Loss) Per Share (Detail

Income (Loss) Per Share (Details) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2016	May 31, 2015
Earnings Per Share [Abstract]
Net income (loss) available for common shareholders	$ 423,677	$ (1,586,718)	$ 627,052	$ (1,529,111)
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)	119,649	0	81,431	0
Weighted average common shares and common shares equivalents-Diluted (shares)	7,126,333	7,006,684	7,088,115	7,006,684
Basic
Continuing Operations (usd per share)	$ 0.06	$ (0.25)	$ 0.09	$ (0.25)
Discontinued Operations (usd per share)	0	0.03	0	0.03
Income (Loss) (usd per share)	0.06	(0.22)	0.09	(0.22)
Diluted
Continuing Operations (usd per share)	0.06	(0.25)	0.09	(0.25)
Discontinued Operations (usd per share)	0	0.03	0	0.03
Income (Loss) (usd per share)	$ 0.06	$ (0.22)	$ 0.09	$ (0.22)
Antidilutive securities excluded from computation of earnings per share (shares)			404,000	312,000

Restructuring (Details)

Restructuring (Details)	1 Months Ended	3 Months Ended			6 Months Ended
	Apr. 30, 2015USD ($)ft²$ / ft²	May 31, 2016USD ($)employee	May 31, 2015USD ($)	Feb. 28, 2015USD ($)	May 31, 2016USD ($)employee	May 31, 2015USD ($)	Nov. 30, 2015USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring charges			$ 1,462,317			$ 1,497,340
2014 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Current number of employees | employee		13			13
Severance costs remaining		$ 1,164,672			$ 1,164,672
Restructuring costs							$ 1,676,781
Payments for restructuring		$ 167,836			$ 512,109
Facility Closing
Restructuring Cost and Reserve [Line Items]
Restructuring charges			407,094
Real Estate Commission
Restructuring Cost and Reserve [Line Items]
Restructuring charges			155,245
One-time Termination Benefits
Restructuring Cost and Reserve [Line Items]
Restructuring charges			56,897	$ 35,023
Leasehold improvements | Facility Closing
Restructuring Cost and Reserve [Line Items]
Restructuring charges			714,138
Furniture and fixtures | Facility Closing
Restructuring Cost and Reserve [Line Items]
Restructuring charges			$ 128,943
200 Murray Hill Parkway, East Rutherford, New Jersey
Restructuring Cost and Reserve [Line Items]
Sublease rentals, term	6 years 10 months 15 days
Sublease annual rent increase	2.00%
Monthly rent income from sublease	$ 36,963
Monthly rent expense	$ 41,931
200 Murray Hill Parkway, East Rutherford, New Jersey | Warehouse and Office Building
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]
Annual rent expense	$ 159,401
Electric charge cost per square foot (usd per sqft) | $ / ft²	1.75
Operating lease, term of contract	5 years 4 months
Operating leases, term of free rent	4 months
65 Challenger Road, Suite 340, Ridgefield Park, New Jersey | Office Building
Restructuring Cost and Reserve [Line Items]
Area of real estate property | ft²	7,414

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2016	May 31, 2015
Significant Acquisitions and Disposals [Line Items]
( Loss) income before provision for income taxes	$ (11,504)	$ 286,908	$ (20,600)	$ 286,908
(Benefit from) provision for income taxes	(4,192)	96,634	(7,665)	95,661
(Loss) Income from Discontinued Operations	(7,312)	190,274	(12,935)	191,247
Discontinued Operations | Gel Perfect
Significant Acquisitions and Disposals [Line Items]
Sales of health and beauty-aid products-net	(11,504)	286,908	(20,600)	286,908
Total revenues	(11,504)	286,908	(20,600)	286,908
Cost of sales	0	0	0	0
Selling, general and administrative expenses	0	0	0	0
Advertising, cooperative and promotions	0	0	0	0
Total expenses	0	0	0	0
( Loss) income before provision for income taxes	(11,504)	286,908	(20,600)	286,908
(Benefit from) provision for income taxes	(4,192)	96,634	(7,665)	95,661
(Loss) Income from Discontinued Operations	$ (7,312)	$ 190,274	$ (12,935)	$ 191,247

Certain Relationships and Rel56

Certain Relationships and Related Transactions (Details)	Sep. 05, 2014USD ($)installment_payment$ / sharesshares	May 31, 2016USD ($)	May 31, 2015USD ($)	May 31, 2016USD ($)	May 31, 2015USD ($)
Related Party Transaction [Line Items]
Interest expense - related party		$ 0	$ 433,260	$ 3,085	$ 850,296
Advertising, cooperative and promotional expenses		532,327	$ 1,500,875	848,783	$ 2,449,832
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		120,828		120,828
Affiliated Entity
Related Party Transaction [Line Items]
Shares of common stock issued upon exercise of warrant (shares) | shares	1,892,744
Exercise period from date of the warrant	5 years
Purchase price of warrant (usd per share) | $ / shares	$ 3.17
Interest expense - related party		0		$ 3,085
Commission percent				10.00%
Advertising, cooperative and promotional expenses		$ 38,667		$ 62,484
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