Net Income (Loss) Per Common Share

3 Months Ended

Feb. 28, 2015

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.

	Three months ended February 28,
	2015			2014
Net income (loss) - – attributable to common stockholders basic	$	(1,989,982	)	$	388,045
Interest expense – convertible notes		—			76,493
Net income (loss) - – attributable to common stockholders diluted	$	(1,989,982	)	$	464,538
Weighted average common shares outstanding - basic		1,666,509,278			884,733,330
Effect of dilutive securities		—			1,212,279,456
Weighted average common shares outstanding – diluted		1,666,509,278			2,097,022,786
Earnings (loss) per common share - basic	$	(0.00	)	$	0.00
Earnings (loss) per common share - diluted	$	(0.00	)	$	0.00

Approximately 11,903,811,000 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 period ended February 28, 2015 because the effect would be anti-dilutive. Also excluded are shares of common stock issuable upon the conversion of our Series E, F and G preferred stock. At February 28, 2015, Series E preferred shares could convert into approximately 9,696,235,000 shares of common stock. Series F and G preferred shares are not convertible at February 28, 2015. Approximately 86,919,000 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 period ended February 28, 2014 because the effect would be anti-dilutive.