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Stock-Based Compensation Plans
6 Months Ended
May 31, 2014
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 six-month periods ended May 31, 2014 and 2013, the Company recorded $13,291 and $13,441, respectively, in stock-based compensation expense. As of May 31, 2014, there was $12,575 of unrecognized employee stock-compensation expense for previously granted unvested options that will be recognized over a two-year period.