Acquisition of Company

12 Months Ended

Nov. 30, 2015

Business Combinations [Abstract]

Acquisition of Company

14. Acquisition of Companies

The Company acquired 90% of the equity of Canalytix on March 25, 2015 in exchange for 100,000 shares of Series H Preferred Stock, and acquired 100% of the equity of Plaid Canary Corporation (“PCC”) on July 1, 2015 in exchange for 500,000 shares of Series H Preferred Stock. Due to a change in control resulting from the issuance of 500,000 shares of Series H Preferred Stock, the acquisition of PCC was treated as a reverse merger. PCC had no prior operations, except for a note payable of $627,000 and a note receivable of $627,000 from a hydroponics store, Grow Big Supply, LLC (“GBS”). The shares of Series H Preferred Stock were valued by an independent valuation company that analyzed the market value of shares if converted into common stock. On July 6, 2015, PCC signed a forbearance agreement to cure defalts on the $627,000 note from GBS, and in conjunction with the forbearance, acquired a 60% interest in GBS. The fair value assigned to the noncontrolling interest was $0. The intangible asset that resulted from a purchase price in excess of the fair value of the net assets acquired of both Canalytix and GBS was determined to be impaired, and an impairment expense of $1,393,690 was recognized for the year ended November 30, 2015 . A presentation of the unaudited proforma income statements of the Company, had the acquisitions occurred at the beginning of the 2015 and 2014 fiscal years is as follows:

	Year Ended			Year Ended
	11/30/2015			11/30/2014
Revenue	$	2,145,731		$	5,694,146
Income (loss) from operations	$	(285,920	)	$	(47,997	)
Net income (loss)	$	(603,685	)	$	(72,717	)
Income (loss) per share	$	(0.00	)	$	0.00

Summary of assets and liabilities acquired	Canalytix		GBS
Cash	$	302	$	15,713
Accounts receivable	$	—	$	21,675
Inventory	$	—	$	218,145
Equipment and leasehold improvements, net	$	—	$	25,516
Other assets	$	21,000	$	100
Accounts payable and accrued expenses	$	—	$	663,196
Related party debt	$	—	$	228,105
Debt	$	421,001	$	316,000