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6. Stock Options (Tables)
3 Months Ended
Aug. 31, 2012
Text Block [Abstract]  
Schedule of Stock Options
    Options Outstanding  
          Weighted  
    Number of     Average  
    Shares     Exercise  
          Price  
Balance, November 30, 2011     1,400,000     $ 0.20  
Granted     0     $ 0  
Balance, August 31, 2012     1,400,000     $ 0.20  
Schedule of Fair Value of Stock Options
  August 31, 2012
   
Expected volatility 167.15% - 185.32%
Risk-free interest rate 1.185% - 2.05%
Expected life 3 – 5 years
Dividend yield 0.0%
Schedule of Weighted Average Fair Value of Stock Options Granted
    Weighted     Weighted  
    Average     Average  
    Exercise     Fair  
August 31, 2012   Price     Value  
Exercise price is greater than market price at grant date:   $ 0.20     $ 0.15  
                 

 

The Company has the following options outstanding and exercisable:

 

August 31, 2012     Options outstanding  
          Weighted      
          Average   Weighted  
          Remaining   average  
Range of     Number   contractual   exercise  
exercise prices     of shares   life   price  
$ 0.20       1,400,000   2.53 years     0.20