XML 41 R31.htm IDEA: XBRL DOCUMENT v3.6.0.2
Income Taxes (Tables)
12 Months Ended
Nov. 30, 2015
Income Tax Disclosure [Abstract]  
Components of deferred tax assets and liabilities

 

    2015   2014
         
Deferred tax assets, net:        
Net operating loss carry forwards   $ 8,280,000     $ 10,930,000  
Accrued pension     680,000       680,000  
Interest     470,000       560,000  
Other             10,000  
Total     9,430,000       12,180,000  
Valuation allowance     (9,430,000)       (12,180,000)  
Net deferred assets   $ —       $ —    

Summary of reconciliation of tax provisions with statutory Federal income tax rates
    Percentage of Pre-Tax Income
    2015   2014
         
Statutory federal income tax rate     34.0 %     34.0 %
Reduction of tax attributes due to discharge of indebtedness     (34.0 )     (34.0 )
                 
Effective tax rate     —         —