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Related Party Transactions
3 Months Ended
Feb. 28, 2015
Related Party Transactions [Abstract]  
Related Party Transactions

Note 13 – Related Party Transactions

 

We paid fees to a third-party intellectual property development firm (the “Consultant”) for the three-month periods ended February 28, 2014 of $48,000. One of our former officers performed work for the Consultant, including the function of distributing such funds to appropriate vendors, for which he was not compensated. The fees for software development services performed by the Consultant were deemed to be operating costs. 

 

At February 28, 2015 and November 30, 2014, we owed our chief executive officer $1,179,343 and $1,194,021, respectively, for loans he provided to the Company, unpaid salary and unpaid business expenses. During the first three months of fiscal 2015, the Company settled $100,000 in outstanding payables to the chief executive officer of by issuing 10,000,000 shares each of the Company’s Series F and G preferred stock and 10 shares of the Company’s Series E stock.