Derivative Liabilities (Tables)

6 Months Ended

May 31, 2016

Notes to Financial Statements

Embedded Derivative Instruments

Activity for embedded derivative instruments during the six months ended May 31, 2016 was as follows:

			Initial valuation
			of derivative
			liabilities upon		Change in
	Balance at		issuance of new		fair value of			Balance at
	November 30,		securities during		derivative			May 31,
	2015		the period		liabilities			2016
Variable convertible debt	$	166,494	$	571,223	$	(98,850	)	$	638,867
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	$	571,223	$	(603,576	)	$	659,859

Activity for embedded derivative instruments during the six months ended May 31, 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			Debt			May 31,
	2014		the period		liabilities		to equity			Forgiveness			2015
Variable convertible debt	$	527,781	$	74,990	$	2,698,844	$	(1,162,262	)	$	(1,153,545	)	$	985,808
Tainted convertible debt		106,246		118,790		169,683		—						394,719
Tainted warrants		5,312		2,000		87,748		—						95,060
	$	639,339	$	195,780	$	2,956,275	$	(1,162,262	)	$	(1,153,545	)	$	1,475,587