Derivative Liabilities (Tables)

3 Months Ended

Feb. 29, 2016

Notes to Financial Statements

Embedded Derivative Instruments

Activity for embedded derivative instruments during the three months ended February 29, 2016 was as follows:

			Change in
	Balance at		fair value of			Balance at
	November 30,		derivative			February 29,
	2015		liabilities			2016
Variable convertible debt	$	166,494	$	(54,193	)	$	112,301
Redeemable convertible preferred stock		412,500		(400,121	)		12,379
Tainted convertible debt		95,018		(93,616	)		1,402
Tainted warrants		18,200		(10,989	)		7,211
	$	692,212	$	(558,919	)	$	133,293

Activity for embedded derivative instruments during the three months ended February 28, 2015 was as follows:

			Initial valuation
			of derivative
			liabilities upon		Change in
	Balance at		issuance of new		fair value of		Conversion			Balance at
	November 30,		securities during		derivative		of debt to			February 28,
	2014		the period		liabilities		equity			2015
Variable convertible debt	$	527,781	$	74,990	$	2,049,033	$	(115,953	)	$	2,535,852
Tainted convertible debt		106,246		—		106,082		—			212,328
Tainted warrants		5,312		2,000		14,625		—			21,937
	$	639,339	$	76,990	$	2,169,741	$	(115,953	)	$	2,770,117