Derivative Liabilities (Tables)

9 Months Ended

Aug. 31, 2015

Notes to Financial Statements

Embedded Derivative Instruments

Activity for embedded derivative instruments during the six months ended August 31, 2015 was as follows:

	Balance at November 30, 2014		Initial valuation of derivative liabilities upon issuance of new securities during the period		Change in fair value of derivative liabilities			Conversion of debt to equity			Debt Forgiveness			Balance at August 31, 2015
Variable convertible debt	$	527,781	$	81,793	$	2,384,209		$	(1,488,450	)	$	(1,153,545	)	$	351,788
Tainted convertible debt		106,246		118,790		(82,025	)		—						143,011
Tainted warrants		5,312		2,000		21,917			—						29,229
	$	639,339	$	202,583	$	2,324,101		$	(1,488,450	)	$	(1,153,545	)	$	524,028

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

	Balance at November 30, 2013		Initial valuation of derivative liabilities upon issuance of new securities during the period		Change in fair value of derivative liabilities			Conversion of debt to equity			Balance at August 31, 2014
Variable convertible debt	$	1,467,182	$	230,837	$	(254,972	)	$	(300,920	)	$	1,142,126
Tainted convertible debt		139,953		—		(136,600	)		—			74
Tainted warrants		65,209		—		(22,899	)		—			8,969
	$	1,672,344	$	230,837	$	(451,091	)	$	(300,920	)	$	1,151,169