Derivative Liabilities (Tables)

9 Months Ended

Aug. 31, 2014

Notes to Financial Statements

Embedded Derivative Instruments

Activity for embedded derivative instruments during the nine months ended August 31, 2014 was as follows:

			Initial valuation
			of derivative
			liabilities upon		Change in
	Balance at		issuance of new		fair value of			Exercise
	November 30,		securities during		derivative			of stock options/		Conversion of debt			Balance at August 31,
	2013		the period		liabilities			warrants		to equity			2014
Variable convertible debt	$	1,467,182	$	230,836	$	(254,972	)	$	—	$	(300,920	)	$	1,142,126
Tainted convertible debt		139,953		—		(139,879	)		—		—			74
Tainted stock options		30,343		—		(27,480	)		—		—			2,863
Tainted warrants		34,866		—		(34,584	)				—			282
	$	1,672,344	$	230,837	$	(456,916	)	$	—	$	(300,920	)	$	1,145,345

Activity for embedded derivative instruments during the nine months ended August 31, 2013 was as follows:

			Initial valuation
			of derivative
			liabilities upon		Change in
	Balance at		issuance of new		fair value of					Conversion			Balance at
	November 30,		securities during		derivative			Debt		of debt			August 31,
	2012		the period		liabilities			Retirement		to equity			2013
Variable convertible debt	$	361,760	$	3,292,892	$	(122,185	)		210,107	$	(1,730,109	)	$	1,592,251
Tainted convertible debt		264,189		—		208,615			—		(253,225	)		219,579
Tainted stock options		49,483		—		(27,711	)		—		—			21,772
Tainted warrants		27,973		—		10,136			—		—			38,109
	$	703,405	$	3,292,892	$	68,855			210,107	$	(1,983,334	)	$	1,871,711