Net Earnings Per Common Share

12 Months Ended

Nov. 30, 2013

Earnings Per Share [Abstract]

Net Earnings Per Common Share

12. Net Earnings Per Common Share

Basic net income per share is computed by dividing net income available to common stockholders (numerator) by the weighted average number of vested, unrestricted common shares outstanding during the period (denominator). Diluted net income per share is computed on the basis of the weighted average number of shares of common stock outstanding plus the effect of dilutive potential common shares outstanding during the period using the if-converted method. Dilutive potential common shares include shares issuable upon exercise of outstanding stock options, warrants and convertible debt agreements.

	2013		2012
Net income – numerator basic	$	61,348	$	3,001,510
Interest expense attributable to convertible notes, net		10,255		15,682
Net income plus interest expense attributable to convertible notes, net – numerator diluted	$	71,603	$	3,017,192
Weighted average common shares outstanding – denominator basic		633,006,599		166,358,349
Effect of dilutive securities, stock options and preferred stock		1,197,661,667		217,345,767
Weighted average dilutive common shares outstanding		1,830,668,266		383,704,115
Net income per common share – basic	$	0.00	$	0.02
Net income per common share – diluted	$	0.00	$	0.01