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Stock-Based Compensation Plans
9 Months Ended
Aug. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation Plans

Note 6 – Stock-Based Compensation Plans

 

The Company issues stock options to its employees, consultants and outside directors pursuant to stockholder-approved and non-approved stock option programs and records the applicable expense in accordance with the authoritative guidance of the Financial Accounting Standards Board. This expense is a non-cash expense and it derives from the issuance of stock options, stock purchase warrants and restricted stock. For the nine-month periods ended August 31, 2013 and 2012, the Company recorded $20,161 and $116,294, respectively, in stock-based compensation expense related to employees. For the three-month periods ended August 31, 2013 and 2012, the Company recorded $6,720 and $22,812, respectively, in stock-based compensation expense related to employees. For the nine-month and three-month periods ended August 31, 2012, we recorded approximately $76,563 and $57,500, respectively, of stock-based compensation expense related to consultants. No such expense was recorded for the nine-month and three-month periods ended August 31, 2013. As of August 31, 2013, there was $32,877 of unrecognized employee stock-compensation expense for previously granted unvested options that will be recognized over a two-year period.