Net Income (Loss) Per Common Share

6 Months Ended

May 31, 2014

Earnings Per Share [Abstract]

Net Income (Loss) Per Common Share

Note 5 – Net Income (Loss) Per Common Share

Basic net income (loss) per share is computed by dividing net income available to common stockholders (numerator) by the weighted average number of vested, common shares outstanding during the period (denominator). Diluted net income (loss) 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.

	Six Months Ended			Six Months Ended		Three Months Ended			Three Months Ended
	May 31, 2014			May 31, 2013		May 31, 2014			May 31, 2013
Net income (loss) – numerator basic	$	(342,285	)	$	1,675,686	$	(761,979	)	$	3,550,400
Interest expense attributable to convertible notes, net		—			290,072		—			190,142
Net income (loss) plus interest expense attributable to convertible notes, net – numerator diluted	$	(342,285	)	$	1,965,758	$	(761,979	)	$	3,740,542
Weighted average common shares outstanding – denominator basic		946,116,664			469,613,225		1,007,499,997			583,632,393
Effect of dilutive securities		—			676,598,817		—			676,598,817
Weighted average dilutive common shares outstanding – denominator diluted		946,116,664			1,146,212,042		1,007,499,997			1,260,231,210
Earnings (loss) per common share – basic	$	0.00		$	0.00	$	0.00		$	0.01
Earnings (loss) per common share – diluted	$	0.00		$	0.00	$	0.00		$	0.00

Approximately 1,475,706,000 and 22,103,000 shares of common stock issuable upon the exercise of our outstanding stock options, warrants or convertible debt were excluded from the calculation of net income (loss) per share for the six-month periods ended May 31, 2014 and May 31, 2013, respectively, because the effect would be anti-dilutive. Approximately 1,485,708,000 and 680,472,000 shares of common stock issuable upon the exercise of our outstanding stock options, warrants or convertible debt were excluded from the calculation of net income (loss) per share for the three-month periods ended May 31, 2014 and May 31, 2013, respectively, because the effect would be anti-dilutive.