Derivative Liabilities (Tables)

9 Months Ended

Aug. 31, 2016

Notes to Financial Statements

Embedded Derivative Instruments

Activity for embedded derivative instruments during the nine months ended August 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			August 31,
	2015		the period		liabilities			2016
Variable convertible debt	$	166,494	$	571,223	$	(231,375	)	$	506,342
Redeemable convertible preferred stock		412,500				(400,121	)		12,379
Tainted convertible debt		95,018				(93,616	)		1,402
Tainted warrants		18,200				(10,638	)		7,562
	$	692,212	$	571,223	$	(735,750	)	$	527,685

Activity for embedded derivative instruments during the nine months ended August 31, 2015 was as follows:

	Balance at November 30, 2014		Initial valuation of derivative liabilities upon issuance of new securities during the period		Change in fair value of derivative liabilities			Conversion of debt to equity			Debt Forgiveness			Balance at August 31, 2015
Variable convertible debt	$	527,781	$	81,793	$	2,384,209		$	(1,488,450	)	$	(1,153,545	)	$	351,788
Tainted convertible debt		106,246		118,790		(82,025	)		—						143,011
Tainted warrants		5,312		2,000		21,917			—						29,229
	$	639,339	$	202,583	$	2,324,101		$	(1,488,450	)	$	(1,153,545	)	$	524,028