Net Income (Loss) Per Common Share

9 Months Ended

Aug. 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.

	Nine Months Ended August 31, 2016			Nine Months Ended August 31, 2015 (Restated)		Three Months Ended August 31, 2016			Three Months Ended August 31, 2015 (Restated)
Net income (loss) attributable to common stockholders - basic	$	(1,197,233	)	$	32,972	$	(545,849	)	$	566,298
Income attributable to convertible notes		—			835,651		—			(958,362	)
Interest expense – convertible notes		—			583,509		—			287,398
Net income (loss) attributable to common stockholders - diluted	$	(1,197,233	)	$	1,452,132	$	(545,849	)	$	(104,666	)
Weighted average common shares outstanding - basic		3,731,897,013			2,897,604,470		3,778,005,709			3,795,730,513
Effect of dilutive securities		—			8,079,984,127		—			—
Weighted average common shares outstanding – diluted		3,731,897,013			10,977,588,597		3,778,005,709			3,795,730,513
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 14,849,133,501 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 nine and three-month periods ended August 31, 2016, respectively, because the effect would be anti-dilutive. Approximately 2,792,448,000 and 8,167,107,000 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 nine and three-month periods ended August 31, 2015, respectively, because the effect would be anti-dilutive.