Nine months ended August 31,

Three months ended August 31,

2014

2013

2014

2013

Net income (loss) - basic

$

(439,397

)

$

656,655

$

(97,112

)

$

(1,019,151

)

Interest expense – convertible notes

—

385,944

—

Net income (loss) - diluted

$

(439,937

)

$

1,042,479

$

(97,112

)

$

(1,019,151

)

Weighted average common shares outstanding - basic

967,371,815

556,328,538

1,007,549,997

729,759,164

Effect of dilutive securities

—

686,887,497

—

Weighted average common shares outstanding – diluted

967,371,815

1,243,216,035

1,007,549,997

729,759,164

Earnings (loss) per common share - basic

$

(0.00

)

$

0.00

$

(0.00

)

$

(0.00

)

Earnings (loss) per common share - diluted

$

(0.00

)

$

0.00

$

(0.00

)

$

(0.00

)