Net Income (Loss) Per Common Share

6 Months Ended

May 31, 2016

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.

				Restated						Restated
	Six Months Ended May 31, 2016			Six Months Ended May 31, 2015			Three Months Ended May 31, 2016			Three Months Ended May 31, 2015
Net income (loss) attributable to common stockholders - basic	$(651,384)			$(593,326)			$(515,376)				$1,396,656
Income attributable to convertible notes		—			—			—			(1,413,320	)
Interest expense – convertible notes		—			—			—			270,490
Net income (loss) attributable to common stockholders - diluted	$	(651,384	)	$	(593,326	)	$	(515,376	)	$	253,826
Weighted average common shares outstanding - basic		3,708,842,666			2,448,541,449			3,765,679,622			3,231,962,508
Effect of dilutive securities		—			—			—			22,394,276,277
Weighted average common shares outstanding – diluted		3,708,842,666			2,448,541,449			3,765,679,622			25,626,238,785
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 38,036,653,389 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 six and three-month periods ended May 31, 2016, respectively, because the effect would be anti-dilutive. Approximately 1,224,948,000 and 1,204,948,000 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 six and three-month periods ended May 31, 2015, respectively, because the effect would be anti-dilutive.