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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 6 Months Ended
May 31, 2013
May 31, 2012
May 31, 2013
May 31, 2012
Revenue        
Biodiesel sales $ 2,080,304 $ 1,764,097 $ 2,210,740 $ 4,314,989
Feedstock sales 40,802 49,213 84,988 283,961
Glycerin sales 22,635 21,098 36,441 49,767
Government incentives (note 11) 170,124 150,440 179,004 244,456
Equipment sales 2,657 7,592 2,657 16,500
Royalties 2,793 9,597 6,775 44,279
Others 9,039 80,186 17,860 110,448
Revenue, Total 2,328,354 2,082,223 2,538,465 5,064,400
Cost of goods sold 2,221,184 1,681,147 2,410,713 4,438,052
Gross profit 107,170 401,076 127,752 626,348
Operating expenses        
Selling, general and administrative expenses (notes 4 and 8) 1,476,838 957,510 2,767,926 1,807,435
Loss before interest and taxes (1,369,668) (556,434) (2,640,174) (1,181,087)
Other expenses        
Interest expense (notes 5 and 6) (122,143) (22,261) (242,969) (31,448)
Loss before income taxes (1,491,811) (578,695) (2,883,143) (1,212,535)
Income taxes            
Net loss for the period $ (1,491,811) $ (578,695) $ (2,883,143) $ (1,212,535)
Net Loss Per Common Share - Basic and Diluted $ (0.21) $ (0.10) $ (0.42) $ (0.21)
Weighted average number of common shares - Basic and Diluted 6,978,169 5,841,547 6,790,324 5,823,765