Net Income (Loss) Per Common Share

9 Months Ended

Aug. 31, 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.

	Nine Months Ended August 31, 2015		Nine Months Ended August 31, 2014			Three Months Ended August 31, 2015			Three Months Ended August 31, 2014
Net income (loss) attributable to common stockholders - basic	$	42,972	$	(445,221	)	$	571,298		$	(102,936	)
Income attributable to convertible notes		835,651		—			(958,362	)		—
Interest expense – convertible notes		583,509		—			287,398			—
Net income (loss) attributable to common stockholders - diluted	$	1,462,132	$	(445,221	)	$	(99,666	)	$	(102,936	)
Weighted average common shares outstanding - basic		2,897,604,470		967,371,815			3,795,730,513			1,007,499,997
Effect of dilutive securities		8,079,984,127		—			—			—
Weighted average common shares outstanding – diluted		10,977,588,597		967,371,815			3,795,730,513			1,007,499,997
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	)

Approximately 2,792,448,000 and 8,167,107,000 shares of common stock issuable upon the exercise of outstanding stock options, warrants or convertible debt were excluded from the calculation of net income (loss) per share for the nine and three-month periods ended August 31, 2015, respectively, because the effect would be anti-dilutive. Approximately 9,540,651,000 shares of common stock issuable upon the exercise of outstanding stock options, warrants or convertible debt were excluded from the calculation of net income (loss) per share for the nine and three-month periods ended August 31, 2014, respectively, because the effect would be anti-dilutive.