Net Earnings (Loss) Per Common Share

12 Months Ended

Nov. 30, 2012

Net Earnings (Loss) Per Common Share [Abstract]

Net Earnings (Loss) Per Common Share

9.       Net Earnings (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, unrestricted common shares outstanding during the period (denominator). Diluted net income 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.

	2012		2011
Net income (loss) – numerator basic	$	3,173,931	$	(4,449,884	)
Interest expense attributable to convertible notes, net		1,131,519		-
Net income (loss) plus interest expense attributable to convertible notes, net – numerator diluted	$	4,305,450	$	(4,449,884	)
Weighted average common shares outstanding – denominator basic		165,946,987		43,965,736
Effect of dilutive securities, stock options and preferred stock		147,939,567		-
Weighted average dilutive common shares outstanding		313,886,554		43,965,736
Weighted average dilutive common shares outstanding – denominator diluted
Net income (loss) per common share – basic	$	0.02	$	(0.10	)
Net income (loss) per common share – diluted	$	0.01	$	(0.10	)