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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 6 Months Ended
May 31, 2014
May 31, 2013
May 31, 2014
May 31, 2013
Revenue        
Biodiesel sales $ 316,294 $ 2,080,304 $ 625,831 $ 2,210,740
Feedstock sales 69,719 40,802 96,341 84,988
Glycerin sales 10,649 22,635 23,847 36,441
Government incentives (note 12) 25,557 170,124 38,592 179,004
Equipment sales 750 2,657 1,397 2,657
Royalties 11,454 2,793 11,454 6,775
Others 4,982 9,039 20,421 17,860
Revenue, Total 439,405 2,328,354 817,883 2,538,465
Cost of goods sold 371,921 2,221,184 664,540 2,410,713
Gross profit 67,484 107,170 153,343 127,752
Operating expenses        
Selling, general and administrative expenses (notes 4, 8 and 9) 1,442,291 1,476,838 2,907,700 2,767,926
Loss before interest and income taxes (1,374,807) (1,369,668) (2,754,357) (2,640,174)
Other (expenses)        
Interest expense (notes 5, 6 and 7) (192,035) (122,143) (293,927) (242,969)
Loss before income taxes (1,566,842) (1,491,811) (3,048,284) (2,883,143)
Income taxes 0 0 0 0
Net loss for the period $ (1,566,842) $ (1,491,811) $ (3,048,284) $ (2,883,143)
Net Loss Per Common Share - Basic and Diluted $ (0.18) $ (0.21) $ (0.36) $ (0.42)
Weighted average number of common shares - Basic and Diluted 8,702,605 6,978,169 8,411,002 6,790,324