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Income Taxes
3 Months Ended
Feb. 28, 2015
Income Tax Disclosure [Abstract]  
Income Taxes

Note 11 – Income Taxes

 

At February 28, 2015, the Company had net operating loss carryforwards for federal income tax purposes of approximately $32,000,000 that expire in the years 2015 through 2034. The Company has provided an allowance for the full value of the related deferred tax asset since it is more likely than not that none of such benefit will be realized. Utilization of the net operating losses may be subject to annual limitations provided by Section 382 of the Internal Revenue Code and similar state provisions.